It may be tempting to refer your candidates’ to a payroll provider that is promoting exciting incentives and exceptional take-home pay. However, you must not be fooled by these organisations who are offering the world because they are probably an offshore tax avoidance scheme. If recruitment agencies are found to be referring their candidates to such schemes, HMRC will not hesitate to hand out substantial fines that could bankrupt the business and prison sentences to the Directors. Here is some advice on what to look out for when assessing a payroll provider.
The New Year is around the corner. Contracts are up for renewal, terms are ending, and clients will be finalising their hiring budgets. There’s no better time to look for a new contract role, and we have 3 tips to help you find a new contract in 2018.
HMRC is planning to implement a points-based system for those that are late filing their self-assessments (Personal Tax Returns) and other taxes such as VAT Returns. Currently the penalty for late Personal Tax Returns is £100 instantly for filing late up to three months past the 31st January deadline.
From 13th January 2018, HM Revenue & Customs will no longer be accepting personal credit cards for tax payments. If you are a sole trader or a limited company director, this affects you.
Chancellor Philip Hammond presented his Autumn Budget 2017 to the House of Commons on Wednesday, 22nd November 2017. It outlines the government’s plans for spending, borrowing, taxes and other fiscal measures. Read our Budget summary to see the key announcements and what could affect contractors and freelancers in the UK.
You have probably seen the terms ‘contractor’ and ‘freelancer’ thrown about online quite often, especially if you’re searching for an accountancy service. If you take on some form of temporary or project-based work, either wholly as a career or on the side of your permanent job, you will likely fall into one of these two categories.
Festive season has officially begun. Between contracting, Christmas parties and gift shopping, the next couple of months will be very busy. So we’re giving you three tips to help get you smoothly through the holiday season.
There is a lot of talk about ‘creating a level playing field’ by taxing the self-employed at the same level as regular employees, and giving ‘gig economy’ workers the same rights as their employed counterparts. But why is contracting so popular that it attracts such a high level of attention?
The OECD – the Organisation for Economic Co-operation and Development – is urging Chancellor of the Exchequer Philip Hammond to halt plans of cutting Corporation Tax, in order to generate funding to tackle the UK’s productivity crisis.
HMRC are implementing a new self-assessment system to supposedly make ‘life easier for millions of customers’ who are required to submit Personal Tax Returns. However, experts have highlighted some possible issues with this new way of completing Tax Returns.