Tax penalty danger to freelancers and contractors
Offshore tax evaders could face penalties of up to 200% after a consultation which was launched in the 2009 Pre-Budget Report.
Mixed news on umbrella company workers’ prospects
Last week’s employment figures from the ONS showed that the number of people in work in the quarter ending January 2010 was 28.86 million. 54,000 people in full time work lost their jobs during that period bringing the employment rate down to its lowest since November 1996.
Umbrella company contractors should not dismiss the financial sector
According to reports from the REC, there has been a recent surge in the number of job vacancies for high end workers in the financial sector.
Recruiters and the umbrella company preferred supplier list
There has been a lot of talk in the recruitment media recently about the use of umbrella companies and their role in the freelance chain. Some say that recruiters couldn't survive without them while others are a little less convinced.
A change of government will not help umbrella companies
According to the findings of a new survey by XLN Telecom, SMEs including umbrella companies and recruitment agencies, do not think that Tory victory at the next general election will result in a dramatic upsurge in business.
HMRC to clamp down on last gasp dividend payments
Limited company contractors could once more be in the firing line with HMRC. According to accountancy firm Smith & Williamson, HMRC will be closely monitoring the use of dividend payments between now and the end of the tax year.
Umbrella company workers could benefit from drop in confidence
The REC has just published its latest Jobs Outlook report and the news looks good for contractors over a range of sectors.
Paying too much tax? Check your tax code!
HMRC is urging employees, sole traders, limited company contractors and umbrella company workers to contact them if they believe they have received an incorrect tax code this year.
Umbrella companies could be deducting more income tax
During their spring conference at the weekend, the Liberal Democrats announced that they want to see the income tax threshold raised to £10,000.
REC to produce guidance on the Agency Workers Directive
With full implementation of the Agency Workers Directive less than 20 months away, the REC has announced that it will issue new guidance to help recruiters, contractors and umbrella companies ensure their businesses are compliant in time for October 2011.
Umbrella companies brace themselves for the Budget
The last budget before the general election will be presented on March 24th, the Treasury confirmed yesterday. It is thought that the Chancellor will unveil his plans to cut the growing public deficit by 50% over the next 5 years.
Umbrella companies, benchmark scale rates, and dispensations
One of the gripes that many umbrella companies have it the inconsistency of scale rates between umbrellas which in turn creates an unlevel playing field.
