If you are not yet a contractor or freelancer and are thinking of going down the self-employed route, there has been no better time than right now. If you are already there, then you would probably already be aware of the improvements to many aspects of the self-employed world. First things first lets talk about…
IPSE’s latest Freelancer Confidence Index indicates that the outlook for freelancers and contractors will remain optimistic over the next few months. The survey highlights include the following: Freelancers expect daily rates to increase over the next year. On average, freelancers spent under two and a half weeks between contracts. Nearly a third experienced a rise…
According to the UK Business Confidence Monitor index from ICAEW and mid-tier firm Grant Thornton, business confidence has dropped from Quarter 2’s record figure of +37.3 down to 32.3 for the current quarter. The Business Confidence Monitor takes into consideration the opinions of a thousand ICAEW UK members who are employed in senior business roles.…
HMRC has issued a warning to 16,000 contractors to declare their involvement in an ‘aggressive’ offshore tax avoidance scheme. The contractors involved will have until January next year to approach HMRC and pay the tax due, or they will risk being liable to pay penalties and even legal fees on top of the owed taxes.…
HMRC has increased its rate of checks on businesses, says insurance firm PfP. Since the 2011/12 period, checks on businesses across the country have risen by 60% from 3,431 to 5,515 during the 2013/14 period. The business records checks process was criticised in the past by numerous business and accountancy bodies leading it to be…
Over 55s will experience restrictions in available tax reliefs as part of the government’s anti-avoidance tax strategy which will close loopholes created in the pensions reform announced in this year’s Budget. The Treasury said that the government will restrict tax reliefs on pension contributions for savers over the age of 55 in order to prevent…
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