Please find below the latest from our blog, if you have any questions please contact us.

Autumn Statement 2016 – 23rd November

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IR35: The Proposed Reforms

      It is difficult to accurately decide whether a freelancer is definitely self-employed or definitely employed, or works inside or outside IR35, and as the official guidance has been left open to interpretation, over the years the interpretations have been many and varied. Here comes another.... Most people don't have the foggiest idea what IR35 is all about, but it is true to say that a vast number of freelancers whose businesses are incorporated are personal service companies (PSCs) because the... Read more...

Umbrella Companies v Disruptive Innovation

In one small corner of our economy the time is ripe for a disruptive innovation, and although a disruptive process may take longer to develop than by the existing approach, once it is deployed in the market it is assured to achieve a faster penetration rate and a higher degree of impact on the established markets. It is no secret that the habitual response to the Government's ongoing clampdown on tax avoidance in the temporary labour market is a switch to yet another 'compliant' payment model. Agency bosses that focus solely on margins,... Read more...

Dividend Tax: Game, Set, Match for Contractor Service Providers

Accountants of all shapes and sizes, are grappling with the task of how to avoid calculating the new dividend tax on their clients' dividends at the end of the company year. But, the dividend tax is a tax on income so make that a calculation at the end of each tax year? That will be difficult. But it's been announced that all this has proven to be a futile exercise, because HMRC has simply taken the latest dividend to be reported, and then assumed the dividend tax amount due in 2016/17. So all directors' personal tax codes have... Read more...

Tax Returns: Deadline 31st January

If your tax return is late you risk a £100 fine unless you have got a very, very, very good excuse. Deceased goldfish and dogs who have predilection for eating paperwork, ex-wives doing unspeakable things to your personal possessions, or boyfriends accidentally putting your return in the washing machine on a boil wash, just doesn't cut it! In fact, there is a department of depraved civil servants who sift through tax appeals poking fun at unfortunate individuals, whose belief in their ability to trick a government department sadly... Read more...

LOW COST, HIGH VALUE, ACCOUNTANCY SERVICE..

About 75% of our work is the management of PAYE and CIS and other self-employed umbrella payments, but our accountancy side is growing fast. A high street accountant, cannot provide the appropriate advice or protection needed in the temporary and agency workplace. There are many low cost accountancy services out there, but how many have direct access to a tax expert in this field. i.e. Carolyn Walsh (Director) Our accountancy service costs just £99 plus VAT for clients who are using our PAYE or self-employed umbrella services, for all... Read more...
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