On Wednesday (October 27th) the Chancellor, Rishi Sunak, delivered his 2021 Autumn Budget to the House of Commons. With the economic outlook continuing to improve, and with lockdowns (hopefully) a thing of the past, this Budget – the second of the year – was an opportunity for Mr Sunak to make good on his promise […]…
Much has been made recently of non-compliant umbrella companies and the need to crack down on their unscrupulous activities. It’s something we’ve warned contractors about for many years. But, worryingly – and owing to what seems like a lack of understanding of our sector from certain sections of the media, unfounded reservations have been made […]…
The Chancellor’s VAT rate reduction – that we reported on earlier in the summer – is now in full swing, and applies to selected businesses until next January. Estimates suggest the scheme will cost around £4bn, but Mr Sunak hopes it will prove vital in protecting jobs and promoting business for tourism and hospitality – […]…
IR35 (introduced in 2000) determines whether a contractor is working through their limited company correctly. IR35 legislation tends to concern contractors and freelancers who provide services via an intermediary, or Personal Service Company (PSC). It does not apply to umbrella company contractors. IR35 changes (changes to off-payroll working rules) in the private sector come into force on […]…
As the UK continues to emerge from lockdown and with changes to the furlough system coming into play next month, the Chancellor, Rishi Sunak, today unveiled his latest plans to boost an economy hit hard by COVID-19. Following the so-called ‘Coronavirus Budget’ in March – delayed as a result of last year’s General Election – […]…
Is your accountant ready for Open Banking? Some larger, small business accountants have revealed that their software won’t be compliant with the new regulations. This could have a profound impact on their contractor and freelancer client base. Firms such as Wave have also announced that they’ll not be building any further software – beyond their […]…
If you’re looking to grow your franchise, professional performance analysis could hold the key to keeping ahead of the competition. More businesses are now using Management Information, the process of evaluating franchisee performance against other franchisees in the same network. Management Information allows us to gain a solid understanding of your franchise, helping you set, […]…
2019. A new year, new legislation, and new opportunities for you and your business. Tax regulations and Budget implementations may not have been at the forefront of your mind over the festive period – and who can blame you? However, it’s important to be aware of the impact that legislative change can have on how […]…
Taking on your company’s first employee is a significant moment in the development of your business. Every entrepreneur can remember the day they hired their first member of staff – just ask the Wolf of Wall Street. As important as this milestone is, administrative challenges, legal complications and customary red tape can pull you and […]…
The Apprenticeship Levy – in particular how it is being applied by Umbrella Companies – is a complex piece of legislation, and one that is causing considerable confusion amongst some in the industry. Unite, one of UK’s largest workers’ unions, recently called for a “crackdown” on the alleged profiting of Umbrella Companies from Apprenticeship Levy […]…
