Month: January 2016

When and how much do I get paid as a self-employed person?

January 26, 2016 @ 10:55 am by Damian Broughton MBE

When working as a self-employed person, a contractor, sole trader, freelance worker or when running your own limited company, getting paid does not have the same certainties as being an employee.

For many, the thought of understanding when payments are made and managing pay from multiple employers can be daunting. Also, the challenge of maximising the amount you take home while also planning for the worst case scenario can feel overwhelming.

Most people rely on a regular paycheck to manage their finances and attempting to streamline pay from different contracts with varying …Read More

How do I improve my career prospects as a self-employed person?

January 19, 2016 @ 1:29 pm by Damian Broughton MBE

Working as a contractor, freelance worker or self-employed person is a great way to enhance your CV and advance your career. By taking on a variety of roles, you rapidly broaden your skills and experiences and develop new ways to overcome challenges.

Businesses need your expertise and insights and working in a different environment ensures you become highly skilled at delivering solutions in every situation.

However, while career paths in corporate environments are usually clearly defined, working as a contractor means your prospects are entirely in your hands. That can mean you …Read More

How will the Autumn Statement affect property investors?

January 13, 2016 @ 4:57 pm by Damian Broughton MBE

Chancellor George Osborne unveiled a wealth of new tax measures for property investors in his Autumn Statement and subsequent Draft Finance Bill,many of which will come into force in April of this year.

While there are a few small measures that will bring relief to investors, many of the changes will have an impact and action will need to be taken to prepare to meet the new regulations.

Here we break down the changes you need to consider, whether you are thinking of investing in property or already have your own investment …Read More

What does 2016 have in store for contractors?

January 11, 2016 @ 11:41 am by Damian Broughton MBE

Here at Danbro we work hard to represent the voice of contractors across the country and share our insights, experiences and advice to help the sector grow and prosper. With that in mind, we’ve gazed into the crystal ball and here share our predictions for what self-employed people, temporary workers, freelancers and contractors can expect from 2016.

Government plans and regulations have delivered mixed results for the self-employed sector, but we can look ahead to the next 12 months with optimism and expect to see growth.

Contractor sector will continue to grow …Read More

IR35 plans are shelved – what now for contractors?

January 8, 2016 @ 2:28 pm by Damian Broughton MBE

The Government’s plan for new Intermediaries Legislation – more commonly known as IR35 – has been a hugely controversial issue for everyone working as a contractor, self-employed person, temporary worker or freelancer. The entire industry, Danbro included, has campaigned furiously about plans to boil the regulations down to one simple test and a lengthy consultation has received thousands of responses.

We were expecting clarity on the issue in last year’s Autumn Statement but nothing was mentioned and that fuelled further fears that hasty legislation would be pushed through this April.

However, HMRC …Read More