Contractor faces jail time for not declaring £2m in earnings
After it was discovered that he neglected to declare nearly £2 million in earnings, one IT contractor now faces jail time for income tax fraud, it was recently revealed.
Finance sector recruitment steady, new report says
Recruitment efforts in the finance sector in the UK has been increasing at a steady basis, according to a new report, leading some experts to predict that contractors working for umbrella companies may be able to benefit from the increased hiring.
New ‘7 Days in June’ project to promote freelancing in UK
For one week this month, a team of contractors working with umbrella companies are banding together to promote freelancing in the UK with the new '7 Days in June' project, it was recently reported.
New turbine factory could bring opportunity for contractors
Contractors with specialised manufacturing and green technology expertise could soon reap the benefits of a newly-approved plan to construct a wind turbine factory on the Isle of Sheppey, it was recently rported.
20% of IT worker positions remain unfilled due to shortages
A recent survey reports that umbrella companies and recruitment firms specialising in providing skilled technical workers to companies in need have only been able to fill four out of every five vacancies, leaving around 20 per cent of positions unfilled due to permanent worker and freelancer shortages in the media, accountancy, finance, interim management, engineering, and IT sectors.
REC webinar reveals impact of Agency Workers Regulations
A webinar hosted last month by the Recruitment & Employment Confederation in order to gauge the impact on how workers and employers were approaching Agency Workers Regulations has borne fruit, with the more than 140 participants chiming in on issues such as managing information requests and calculating holiday entitlements.
Public sector freelancer hiring rate down by 15%
While private sector firms are hiring temporary staff with highly specialised technical skills, the public sector's contractor hiring rate has slipped by nearly 15 per cent, according to a recent quarterly report from procurement firm Comensura.
Government announces £200m in funding for brightest UK businesses
Thanks to a GrowthAccelerator, new business initiative recently unveiled by Vince Cable, £200 million in funding will soon be made available for the brightest businesses in the UK - and industry experts say that contractors that work with umbrella companies are in an excellent position to benefit from the new, positive attention.
Taxman to make pre-screening business record checks by phone
The taxman is still struggling to determine what constitutes adequate paperwork for a business or self-employed individual to comply with the Business Records Checks programme.
It’s going to be a long, slow recovery for the retail sector
Whilst some of us were hoping to have seen the end of the doom and gloom that has been dogging us for the last few years, it will be at least another three years before the British high street starts to recover from the recession and even then the prospects of a full recovery before the end of the decade are not looking good.
Small businesses might benefit from GrowthAccelerator
The government recently launched the GrowthAccelerator scheme to help as many as 26,000 of the country’s brightest small businesses.
Is the government forcing contractors into umbrella companies?
After the recent revelations that a lot of Government contractors were avoiding tax by paying themselves through a personal service company, the Treasury has announced that all contractors earning more than £220 a day will have to pay the correct tax if they have been in a department for longer than 6 months.
