If you are a company looking to employ temporary staff but are worried about the legal aspects of this then perhaps an Umbrella Company could help?
Contractor Articles
4Dm1n | 2 July 2012
/ / / / / /4Dm1n | 22 June 2012
/ / / / /Natwest systems (bankline) are still down this morning meaning umbrella companies with a Natwest bank account are unable to access their bank statements to action what funds have been received from recruitment agencies to pay to their umbrella company employees.
4Dm1n | 25 April 2012
/ / / /If you are a contractor working through your own personal services limited company or employed through an umbrella company then it is important that if you missed the 31st January deadline for submitting your tax return (online) that you submit by the end of April.
4Dm1n | 23 March 2011
/ /The day has finally arrived and contractors will be eagerly waiting to see what the Chancellor, George Osborne, proposes to do with the much hated IR35.
Much hated because it is not always clear to contractors whether they will be caught by it or not and the effects of being caught could mean a large unexpected tax bill.
4Dm1n | 10 March 2011
/ /The Office of Tax Simplification are set to report on their review of IR35 today 10th March 2010. The aim is to give the Chancellor 2 weeks to absorbe the recommendations prior to his budget.
In HM Treasury's own word the prupose of the Small Business Tax Review was (http://www.hm-treasury.gov.uk/ots_smallbusinessreview.htm:
4Dm1n | 27 June 2012
/ / / / /The number of insolvencies expected to affect UK companies is set to rise, according to analysts at bankruptcy-insolvency.co.uk, an established debt advice service. With more businesses failing to budget accordingly for HMRC liabilities, many SMEs (smal and medium sized enterprises) could be pushed over the edge.
4Dm1n | 17 May 2012
/ / / / / /If you are a contractor looking to trade through your own limited company or personal services company (PSC) but are unable to open a business bank account because of a poor credit history then PayMatters can help.
4Dm1n | 1 April 2012
/ /The good news is that despite first class postal costs rising to 60p for a first class stamp there is no need to incur postal costs when dealing with PayMatters Umbrella Company.
4Dm1n | 23 March 2011
/ /In the Budget Report the following was said about IR35:
Following publication of the OTS (Office of Tax Simplification) review of small business tax, the Government commits to making clear improvements in the way IR35 is administered. The Government has decided to retain IR35 as abolition would put substantial revenue at risk.
4Dm1n | 10 March 2011
/ /The Office of Tax Simplification has released its initial report into what is often called "The Son of IR35".
http://www.hm-treasury.gov.uk/d/ots_small_business_interim_report.pdf
The findings seem to recommend to either scrap IR35 or keep it and police it better. Amendments and the possible merger of PAYE and NIC's are also cited as providing an opportunity to make the taxation of small businesses fairer.
In summary what they say about IR35 is:
