Month: March 2016
How do recruitment agencies manage risk following changes to contractor rules?
March 30, 2016 @ 12:48 pm by Damian Broughton MBE
The Government has unveiled a raft of new measures that target contractors, self-employed people, temporary workers, freelancers and personal service companies in recent months and many of these will come into effect within the next few weeks.
I’ve spent the past few months visiting recruitment agencies, staging events to help them prepare and developing a range of resources to equip them with the knowledge and skills they need to adapt to these changes.
However, with the UK being home to around 30,000 recruitment agencies, I’ve only scratched the surface and I’m concerned …Read More
Are umbrella companies dead?
March 24, 2016 @ 3:55 pm by Damian Broughton MBE
Following the tax crackdowns unveiled by the government which target contractors, self-employed people, temporary workers, freelancers and personal service companies (PSCs), speculation has been rife that this spells the end of umbrella companies.
While some umbrella company models may no longer be sustainable, the reality is that the umbrella company model still has many benefits for most self-employed people. A quality umbrella company, or Employment Business, provides a wealth of support for contractors and these will continue to outweigh the impact of Government changes.
Both recruitment agencies and contractors are rightly concerned …Read More
Budget Overview – Good news for small business but contractors are still hit
March 17, 2016 @ 3:13 pm by Damian Broughton MBE
In the build-up this was billed as George Osborne’s “most boring Budget” as few expected any major changes. In the end, it failed to deliver any major surprises but did have a few key points that recruitment agencies and contractors alike should take note of.
Overall, the Budget was good for small businesses and contractors, self-employed people, freelancers and temporary workers all had something to celebrate. However, changes to the way Personal Service Companies (PSCs) in the public sector operate and confirmation that new restrictions on travel and subsistence claims will …Read More
How will the National Living Wage affect contractors and recruiters?
March 1, 2016 @ 1:38 pm by Helen Broughton MBE
Much has been said about the arrival of the new Living Wage in April – most of it negative and highly controversial. Granted the move could have an impact on contractors and recruitment agencies alike, but with proper preparation and by drawing on the expertise of trusted partners, the move should bring benefits for most.
In recent weeks some have claimed the new Living Wage will send “shockwaves” through recruitment agencies as businesses scale back on recruitment plans while the CBI went as far as saying the Chancellor was gambling on …Read More