Industry News Articles

editor | 12 July 2012
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Pensions Reform

Background

People are living longer and are therefore expected to require pensions for longer.

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?

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.

Natwest Bankline system has been struggling over the last 2 days and is now making headline news. What does this mean for contractors?

In the Budget it was proposed that all "controlling persons" must be on the payroll of that orgainsation by law.

Offshore Umbrella Company

We’ve all heard this famous saying “If it’s too good to true, it probably is!” on the news recently in respect of Jimmy Carr and Take That members who have been paying considerably less tax (in percentage terms!) than the rest of us.

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 | 21 June 2012
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Jimmy Carr and some members of Take That (excluding Robbie Williams) are included in the highly paid entertainers who have been reported as benefiting from reduced tax payments by following cleverly thought out schemes recommended by their accountants.

It is being reported that HMRC have issued their first batch of IR35 letters to contractors working through their own Personal Service Companies (PSC's).

4Dm1n | 29 May 2012
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The HMRC have launched a new tax calculator.

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