Her Majesty's Revenue & Customs has positively plundered the construction contractor industry this year with a record £122 million in collected extra tax.
If you're a freelance accountant or one that works for an umbrella company, brace yourselves: you're going to be quite sought-after in the coming months.
Since its inception in the May of 2010, the Enterprise Finance Guarantee scheme has added more than 6,500 jobs in the UK, with many going to contractors.
It's going to be a good year for umbrella company contractors, according to the Association of Professional Staffing Companies' chief executive Ann Swain.
Employers make use of umbrella service contractors in nearly every sector, but one of fastest growing uses for freelancers and contract workers is to carry out change management for businesses, a new survey says.
A new investment project in the Midlands has send energy sector contractors scrambling to prepare as demand levels are expected to skyrocket in the immediate future.
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.
Are more people in the UK turning to self-employment out of necessity rather than choice? This debate has been raging over the last few months and the news that self-employment has reached an all time high will no doubt start people talking again.
According to latest data from the REC, the recruitment industry in the UK grew by 25% in the last 12 months and a lot of this growth can be attributed to the increase in demand for PAYE umbrella company contractors.
The PCG recently surveyed the freelance marketplace and discovered that there are currently around 1.4 million contractors in the UK; 41% or 574,000 of them are IT contractors.