In the latest Report on Jobs released by the REC/IHS Markit, the past month has been favourable for contractors. Data gathered from consultants and employers revealed that temp billings and pay rates saw a healthy increase for temporary staff. The growth of temp billings was, in fact, the sharpest rise reported in 2 years. Around…
While it’s exciting to prepare for holiday celebrations with your friends and family, the festive season is also a time to stop and reflect on the joys and blessings of our lives and share this with those in need. If you are planning to make a donation to a registered charity there are some opportunities…
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…
The overall demand for skilled candidates was revealed to still be significantly increasing, as of November, according to the monthly Report on Jobs by IHS Markit/REC. Consultants were asked to report on the availability of contractors and the latest index result was 39.6. Index readings below 50 indicate a lower availability than the month before,…
Chancellor Philip Hammond presented his Autumn Budget 2017 to the House of Commons on Wednesday, 22nd November 2017. It outlines the government’s plans for spending, borrowing, taxes and other fiscal measures. Please find below a summary of highlights and key announcements we think are most relevant to contractors and freelancers in the UK. Please note…
In collaboration with our partners Bauer & Cottrell, we are sharing an update on the highly anticipated IR35 in light of the latest Autumn Budget. Bauer & Cottrell are specialists that advise on IR35, tax and NIC status and have covered everything you need to know about what’s in store for off-payroll working in the private…
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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