The number of contractors and freelancers in the United Kingdom is on the rise and according to IPSE, there are now over 1.9 million flexible workers in the UK. This figure has increased tremendously since 2008, by a staggering 36 per cent. So it doesn’t come as a surprise that the number of graduates turning…
The fourth annual UK Recruitment Index from APSCo and Deloitte emphasised the increasing importance of flexible working as one of the key trends to consider for recruitment businesses wanting to grow and impact demand for talent in the future. In the last few years, flexible working has become more common in the UK and the…
On Tuesday 20th September, we saw over 60 contractors from round London come and join us for our first End of Summer Drinks Reception. The fantastic Smollensky’s terrace bar was the perfect venue to share a few drinks whilst the British weather behaved for us to have wonderful and warm evening with our guests. Our…
K&B Accountancy Group and Cloud9 Umbrella are revelling in this beautiful Indian summer weather and before the sunshine disappears, we have decided to host a special ‘End of Summer Drinks Reception.’ We aim to provide the perfect opportunity for existing and new clients to meet with our accountants, mingle with fellow contractors and network with…
Becoming a contractor after being in permanent, full-time employment can be a daunting step to take, so the last thing you want is someone telling you that you might be doing it wrong. But so many new contractors make the same initial errors as each other that you can learn and (hopefully) avoid making them…
According to the recent survey by the Recruitment and Employment Confederation (REC), public sector employers do not approve the changes to the monitoring and reporting of skilled contractors’ tax status that the government is currently proposing. The survey, based on feedback from 95 public sector HR managers, highlighted that 69.5% expressed fears that the suggested…
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…
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…
If you are affected by off-payroll reforms and are considering alternatives such as Umbrella employment, it’s helpful to understand AWR.
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…
‘Effective from 1 April 2017, The VAT flat rate scheme (FRS) for businesses with limited cost is set to increase to 16.5% from their current rate, based on defined criteria for a limited cost trader.’ What is a Limited Cost Traders? According to HMRC guidance, a limited cost trader will be defined as one whose…
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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