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Kate Cottrell from Bauer & Cottrell has produced updated guidance for Public Sector workers worried about IR35.
The guidance reflects the withdrawal of the IR35 Business Entity Tests (BET’s) and the publication of the Government’s Procurement Policy Note 08/15: tax arrangements of appointees:
The British Embassy in Germany has taken a lead role in negotiations about a controversial law change that would restrict contractors to working in 18 month stints.
It is feared that this labour market inflexibility could be echoed in Britain.
The German proposals have been opposed by companies in the international recruitment sector, with the Association of Professional Staffing Companies (APSCo) labelling the proposed changes ‘damaging’.
The British Embassy in Berlin has hosted executives from a number of large international recruiters and reportedly agreed to urge the German authorities to reconsider the reforms.
A new regulation that requires companies to create a ‘Register of People with Significant Control’ (PSC register) comes into force on 6 April 2016.
The changes should not be too strenuous for companies, but it is important that they are aware and fulfil their obligations in line with the new rules.
What is a PSC register?
The PSC register forms part of the reform to UK company law that was introduced in the Small Business, Enterprise and Employment Act 2015.
Umbrella Accountants has recruited four young apprentices from local colleges to help the company capitalise on growth and boost the digital arm of its business.
Benjamin Smallman, 16; Sheraz Sheikh, 18; Liam Parker, 19; and Nicola Worthington, 23; have all joined Umbrella in training roles over the last couple of months.
In addition to their college accountancy course, which they attend one day per week, the group gains practical experience of everyday working life at Umbrella Accountants.
Rail passenger satisfaction recently rose overall for the first time in three years, but with less than half of the 28,000 train travellers surveyed saying they feel ticket prices represent value for money and with delays still regularly experienced especially in London and Manchester where major upgrades are still in progress, the car certainly remains the most convenient transportation method for contractors.
Each contractor’s business is different so when weighing up the financial pros and cons of leasing a brand new vehicle on business contract hire, purchasing it outright or obtaining a business loan to finance it, Umbrella’s accountants are here to provide BIK (Benefit in Kind), P11D, CO2 and other advice based on a contractor or company’s actual figures.
A government sponsored review, carried out by high profile entrepreneur Julie Deane, has concluded that self-employed workers should receive more support when it comes to maternity pay and support with adoption.
Congratulations to Hannah Langton, Senior Account Manager, for winning January Employee of the month. During our new portal roll out Hannah provided a top notch service to our customers, working long hours and managing to keep smiling!
Not only is it hard to believe there is a National Umbrella Day it is with great shame that we have to admit that despite being called Umbrella we were completely unaware of it until it was almost over.
In researching Umbrella Day we also discovered that Umbrella was the large Corporation in the movie “Resident Evil”. Purely coincidental!
Did you, like many others, have to run the mad dash to get your tax return finished over the weekend?
HMRC estimates that around six per cent of tax returns are filed on the 31 January deadline day each year. For those leaving it to the last minute, HMRC’s online filing system can be slower than normal and the automatic £100 penalty for late filing is a constant threat.
How can you avoid this deadline day rush in years to come? Here are our top five tips for a stress-free 2016-17 tax year.
The government has come under increasing scrutiny this week after a tax agreement reached with Google was labelled a “major success” by George Osborne, but dismissed as a raw deal by almost everybody else.
The £130 million deal, which covered ten years of trading, was branded a “sweetheart deal” by the Labour finance minister, while on David Cameron’s government benches the business minister Anna Soubry admitted that it did not appear to be an “awful lot of money.”
