Compliant flexible PAYE solutions for contractors & freelancers
Specialist limited company accountancy for contractors
Giving workers in the construction industry greater flexibility
Bringing you exclusive discounts, the best deals and offers
Company Rescue, Recovery and Closure Advice for Business Owners
Industry leading solutions for agencies
Why wait? Call or email us now to find out how we can help
HMRC has warned contractors and other individuals not to share information about their online tax account after reports that scammers have been using people’s private information to submit bogus refund claims.
Criminals are using Government Gateway log in credentials to register for Income Tax Self-Assessment, before submitting a fake tax refund request and pocketing the repayment.
Business groups have called on the Chancellor Rishi Sunak to delay a planned increase to National Insurance amid rising prices and a slowdown in recruitment activity.
Make UK, which represents 20,000 manufacturing firms in the UK, called the £12bn tax boost ‘illogical and ill-timed’. They argued that April’s 1.25 percentage point increase to the tax on employees and employers should wait until the economy is on a firmer footing.
‘Making Tax Digital’ Looms for more Limited Company Contractors.
The Government’s flagship digital tax policy will be extended to include more contractors and limited company directors from April 2022.
Making Tax Digital (MTD) is HMRC’s strategy to make taxes easier and more efficient. But complying with the rules does come with an additional cost for businesses that need to use Government-approved accounting software.
Contractors working in the construction industry are being urged to exercise caution amid a sharp rise in the number of construction firms going bust in the UK.
According to data from the Insolvency Service, an average of 266 construction businesses collapsed each month in the three months to October 2021.
Experts have blamed rising material costs and a shortage of skilled workers for the closures, which are most likely to affect specialist sub-contractors.
Currently landlords and the self-employed submit an annual tax return to HMRC.
A new system is taking over in 2024. Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) will mean more frequent submissions to HMRC. We’ve outlined the plans below. Read on to learn if you’ll be affected.
The new CEO of the Freelancer and Contractor Services Association (FCSA) hinted that his organisation could start ‘naming and shaming’ non-compliant umbrella companies in a bid to boost standards.
Latest analysis of the UK jobs market by KPMG and REC shows that temporary worker billings have increased significantly in recent months.
The UK Report on Jobs for January shows that hiring activity increased again at the start of 2022.
Changes to off-payroll working rules (also known as IR35) came into effect in the private sector in April 2021. These rules mean that private sector clients judge a contractor’s IR35 status, rather than the contractor themselves.
Following a period of ‘light touch’ enforcement during the pandemic, HMRC is expected to enforce the new rules more rigorously in 2022. In the coming months, many companies may be revisiting contractor policies and IR35 judgements.
A new survey has revealed that almost two-thirds of freelancers and temporary workers have considered moving to other types of work, with the majority saying that job security was their main concern.
The survey, conducted by Bullhorn, found that 63% of temporary workers had thought about moving to permanent, part-time or full-time work.
HMRC have moved the deadline for online self-assessment filings from 31st January to 28th February 2022.
