In response to Matthew Taylor’s Independent Review of Employment Practices in the Modern Economy in 2017, the government have revealed this week their new Good Work Plan that recommends new rights for the UK’s flexible workforce. Alongside further consultations on the future of the UK workforce, the government will also be looking to tighten penalties against…
Since the public sector reform in April 2017, we are still asked frequently by public sector contractors if they should continue using their own limited company or switch to an umbrella. The answer very much depends on each individual’s circumstances thus we would strongly encourage contractors to speak to us for tailored advice. Nonetheless, we…
The outlook of the UK job market in 2018 continues to look promising for contractors. Vacancies, billings and pay rates remain encouraging, persistently growing throughout December and into the New Year. According to recruitment agencies surveyed for the REC/IHS Markit Report on Jobs, the introduction of new projects and a greater demand for short-term workers…
During your school days, you likely heard excuses along the lines of ‘the dog ate my homework’ or ‘my printer broke’ from a classmate who was attempting to avoid detention. But did you think the silly excuses ended at childhood? Well, think again. The HMRC recently revealed some peculiar explanations made by taxpayers for why…
Thinking of setting up your own limited company? It can be an exciting yet daunting process. There are many benefits to running a limited company, from flexible working hours and being your own boss to having complete control over your finances. But what about when it comes down to naming your company? There are more…
Feeling the slump of January blues after a busy and exciting festive break? Don’t worry you’re not the only one! Why not enjoy a little retail therapy with our list of top gadgets for contractors that can be used for both leisure time and work time. These gadgets can inject a bit of fun and…
As we are now weeks away from Christmas, and the holiday season is in full swing, we cover the most common queries about festive and annual event deductible expenses. Annual Christmas party as deductible expenses Your limited company can claim its festive or annual party as deductible expenses for corporation tax purposes. The cost…
One of the most frequently asked questions from our clients on the VAT flat rate change for a limited cost business is: “what is counted as ‘goods’ when determining if they need to use the higher rate of 16.5%?” According to HMRC guidance, ‘goods’ are movable items or materials exclusively used in your limited cost…
Across the UK, contractors and temporary staff are receiving notably higher pay rates. The REC disclosed that the steepest inflation in contractor pay rates recorded was in London. However, across the board, wages were continuing to rise, extending this trend to 62 months. Contractor pay rates accelerating at an exceptional rate REC director of…
If you are affected by off-payroll reforms and are considering alternatives such as Umbrella employment, it’s helpful to understand AWR.
Former BBC presenter, Christa Ackroyd has lost her legal battle with HMRC and is now facing a fine of £419,151 in outstanding income tax and national insurance contributions covering tax years: 2006/07 to 2012/13. This ruling made by the first tier tribunal (FTT) was based on the judgement that despite Ackroyd working through a PSC…
Did you know, if you switch to our Umbrella, you can continue to contribute to your personal pension scheme or SIPP? That means you can use our Umbrella without having to change any of the plans you’ve made for your retirement.
Due to severe weather conditions, our offices are closing early at 4pm today to ensure our employees can get home safely. Our offices will be open on Monday as per the usual hours. We apologise for any inconvenience caused and thank you for your understanding.
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