IR35 DELAYED – WHAT HAPPENS NOW?
IR35 reforms have been delayed until 2021 due to the Coronavirus pandemic. What does this mean to contractors?
Budget 2020: What did it mean for contractors?
Today’s Budget included confirmation that IR35 reforms would go ahead. Here’s our summary of the key features of the Budget.
Pay Into Your Pension With Our Umbrella
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.
IR35 Reforms & Contracting for an International Business
Here we explain the government’s latest IR35 announcement which affects contractors working for international businesses.
FREE UMBRELLA FOR OUR PSC CLIENTS
Enjoy the best of both worlds. Toggle between PSC and Umbrella with our easy-to-use service. What’s more, if we look after your PSC, you can use our Umbrella for free.
Think Twice Before You Close Your PSC
If you are affected by the IR35 reforms, you will need to consider whether to continue to operate or close your PSC. While the reforms are not due to come into effect until April 6th, we are already seeing a number of large companies, particularly in the banking sector, announcing their intention to treat all…
Annual Christmas Party Expenses for Contractors
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…
What is classified as ‘goods’ when determining if you are a limited cost business after 1 April 2017?
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…
AWR (AGENCY WORKER REGULATIONS) EXPLAINED
If you are affected by off-payroll reforms and are considering alternatives such as Umbrella employment, it’s helpful to understand AWR.
Contractor pay rates see sharp inflation
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…
Cracking down on risky contractor loan schemes
2017 was a turbulent year for contractors, especially those who work within the public sector and were hit by the introduction of the “off-payroll” reforms in April. Following this, a storm of risky umbrella firms begun luring temporary workers with promises of higher take-home retentions in a bid to sidestep the tax crackdown that occurred…
HMRC wins first IR35 case in seven years against former BBC presenter Christa Ackroyd
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…