Further Contract Eye Updates
The latest Parasol Insight Index shows that the average umbrella company contract rate has fallen over the past year, however the gender gap has grown, as has the pay gap between regions.
(Jun 24, 2011 in Market Reports )
The most popular way to start up in business in the UK is as a sole trader. So why do IT contractors avoid this route, and work via their own limited companies or via an umbrella company scheme?
(Jun 23, 2011 in Limited Company )
The days of sending agencies your CV via traditional email look to be numbered, as LinkedIn plans to let users apply for jobs instantly from recruiter websites, by converting profiles into instant CVs.
(Jun 22, 2011 in News )
We look at why the Intermediaries Legislation was created, who it is aimed at, and the problems that complying with IR35 has caused contractors since 2000.
(Jun 21, 2011 in IR35 )
Employment services provider, Parasol, will be hosting a series of online seminars over the next few weeks to address the confusion which surrounds the implementation of the Agency Workers Regulations.
(Jun 20, 2011 in News )
IT contractors may wish to take out tax investigation and/or IR35 insurance to cover them in the event of a status challenge by HMRC.
(Jun 17, 2011 in IR35 )
A specialist accountancy firm has urged any contractors who have undisclosed offshore bank accounts to come forward and avoid paying hefty HMRC penalties
(Jun 17, 2011 in News )
Despite Government guidance to encourage a level playing field for all contractors, it appears than a sizeable number of job postings are still being made which demand that applicants have pre-existing security clearance in place.
(Jun 15, 2011 in News )
Two independent reports show that the demand for contractors working in the financial services arena continues to recover, and rates have risen accordingly.
(Jun 13, 2011 in Market Reports )
Employers and employees must both pay National Insurance Contributions on income paid above the primary threshold. What rates are contractors liable for?
(Jun 12, 2011 in Tax )
Given the massive consumer appetite for iPhone apps, it will come as no surprise to see some familiar contracting industry names joining in the revolution with their own mobile offerings.
(Jun 10, 2011 in News )
The third National Freelancers Day will take place on 23rd November 2011. This year's event is set to be the most impressive yet.
(Jun 9, 2011 in News )
David Houston explains why switching between an umbrella and a limited company should be a fairly straightforward process,
(Jun 8, 2011 in Umbrella Companies )
The FCSA has warned the industry that the implementation of the Agency Workers Regulations in October 2011 will be painful, and identifies 3 ways forward for professional contractors.
(Jun 7, 2011 in Agency Workers Regulations )
Employment status expert Kate Cottrell tells us how the inaugural meeting of the IR35 Forum went, and what issues and challenges lie ahead.
(Jun 6, 2011 in IR35 )
The first meeting of the new IR35 Forum took place on 6th May 2011. The minutes of this inaugural gathering have been published online.
(Jun 3, 2011 in IR35 )
If you need to change accountancy providers for whatever reasons, we look at the steps you should take to ensure the handover goes smoothly.
(Jun 3, 2011 in Contractor Accountants )
An overview of the main VAT schemes available to limited company contractors, including the standard, cash accounting and flat rate VAT schemes.
(Jun 2, 2011 in Tax )
Top tips on what to look for in a good contractor service provider - both umbrella companies and accountants, from FCSA Chairman Stuart Davis.
(Jun 1, 2011 in Umbrella Companies )
In recent years, an increasing number of contractor accountancy providers have marketed themselves as 'IR35 accountants'. Have these firms suddenly been gifted a silver bullet against IR35, or is this just a marketing phrase?
(May 27, 2011 in Contractor Accountants )
Guide to IT contractor insurance - including professional indemnity cover, IR35 insurance, public and employers' liability cover.
(May 24, 2011 in Contractor Insurance )
The Exchequer Secretary to the Treasury, David Gauke MP, has confirmed the Government's Budget 2011 commitment to overhauling the way IR35 is administered.
(May 23, 2011 in IR35 )
An entertainment industry newspaper has reported that a number of leading actors who work via their own personal service companies have received backdated national insurance demands as the HMRC applies IR35 to the performance industry.
(May 20, 2011 in IR35 )
Never far from the headlines, HMRC has issued a warning to companies working on the Olympic Games project to ensure that they do not avoid paying tax and NICs by deliberately misleading over the employment status of their workers and sub-contractors.
(May 20, 2011 in News )
The Public Accounts Committee has delivered its report into the current ICT immigration scheme to ensure that overseas IT staff are not illegally transferred to the UK, potentially undercutting or displacing homegrown workers.
(May 17, 2011 in News )
A tribunal has found in favour of a contractor who faced a 50k backdated tax bill had she been found to be a disguised employee as per the IR35 rules.
(May 16, 2011 in IR35 )
The principal aim of the Agency Workers Regulations (AWR) is for temporary agency workers to be given the same basic working rights as other employees after 12 weeks on an assignment.
(May 14, 2011 in Agency Workers Regulations )
The final Agency Workers Regulation guidance for employers and recruiters states that limited company contractors should be excluded if they are genuinely in business on their own account.
(May 13, 2011 in Agency Workers Regulations )
If you are thinking of contracting via your own limited company, there are typically three ways of incorporating your new company.
(May 11, 2011 in Limited Company )
Following the implementation of the AWR in October 2011, we look at the 'Swedish derogation model' as a potential solution for umbrella companies.
(May 10, 2011 in Agency Workers Regulations )
If you are a limited company contractor, you will incur a range of expenses while running your business. Here we look at what you can claim via your company, whether you're inside or outside IR35.
(May 9, 2011 in Tax )
Limited company contractors, who fall outside IR35, draw income in the form of salary and dividends. How do you work out your tax liability on the dividends you declare?
(May 6, 2011 in Tax )
The Exchequer Secretary has acknowledged the role contractors play in the business community, and says that HMRC is committed to completely overhauling they way it administers IR35.
(May 5, 2011 in IR35 )
Following the Chancellor's decision to maintain the IR35 status quo at the last Budget, we take a look back at how the intermediaries legislation came into being.
(Apr 27, 2011 in IR35 )
If you want to set up as a limited company contractor, there are some things you should look out for when selecting a company name.
(Apr 26, 2011 in Limited Company )
The latest CWJobs quarterly update on the IT jobs market suggests that there has been a significant rise in IT contract vacancies during the first quarter of 2011.
(Apr 21, 2011 in Market Reports )
The PCG has launched a new website, Freelancing Matters, which aims to provide an interactive community for its visitors.
(Apr 20, 2011 in News )
The 2011 BCS IT Industry Awards opened for entries this week. This year, new categories have been created to recognise entrepreneurship, mobile technology and embedded software.
(Apr 19, 2011 in News )
Selecting the right contractor accountant to use is an essential part of the process of starting out in the contracting world. Here are some top tips.
(Apr 19, 2011 in Contractor Accountants )
From April 2008, since the introduction of an initial wave of Companies Act 2006 legislation, limited companies no longer have to appoint a company secretary.
(Apr 18, 2011 in Limited Company )
The Government's plan to introduce a 140 pound per week flat rate state pension for all will be welcomed within the contractor community, says a leading IFA.
(Apr 13, 2011 in Money / Investing )
A contractor services organisation has called on recruitment companies to make sure they are compliant with industry legislation, following news that one agency and its director are facing a large Transfer of Debt notice under the Managed Service Company rules.
(Apr 13, 2011 in MSC Legislation )
The PCG has been invited by the Government to join a new IR35 Forum, which will be established to help monitor and evaluate HMRC's administration of IR35.
(Apr 8, 2011 in IR35 )
We outline the typical steps you will follow as an umbrella company employee - from joining a scheme, to submitting timesheets, expenses claims, and getting paid.
(Apr 6, 2011 in Umbrella Companies )
The Bribery Act 2010 will come into force on 1st July 2011. Although reasonable corporate hospitality will be excluded from the regulations, could referral fees paid by service providers to recruitment agents be caught by the new rules?
(Apr 5, 2011 in Contract Work )
Draft Agency Workers Regulations guidance has been released for comment. Limited contractors who are in business on their own account should not be affected by the new rules, but umbrella contractors will.
(Apr 4, 2011 in Agency Workers Regulations )
Demand for IT talent has outgrown supply for the first time since late 2008, according to the latest e-skills market report.
(Mar 30, 2011 in Market Reports )
We look at the pro-enterprise measures the Chancellor announced last week, some of which are relevant to contractors, and others which should benefit the private sector in general over the coming years.
(Mar 28, 2011 in News )
Contractor pensions offer a great opportunity to reduce the amount that you pay in tax. There is still time to act before the pension tax relief rules take effect April 6th 2011.
(Mar 25, 2011 in Money / Investing )
Key tax rates and allowances for the 2011/12 financial year - Income Tax, NICs, Corporation Tax, Dividend Tax, IHT, ISAs, VAT, CGT, AMAPs.
(Mar 24, 2011 in Tax )