47 tax reliefs should be axed says the OTS
The OTS has now identified 47 out of 1,042 tax reliefs that could be abolished and a further 17 that could be simplified. It’s long awaited report was published last Thursday.
Freelancers need economic stability!
The government needs to concentrate on prioritising economic stability in this month’s budget, according to the Federation of Small Businesses. A call that is also likely to be endorsed by umbrella company contractors.
Employee sickness levels are on the rise
The latest ONS statistics show that levels of staff sickness absence have reverted to pre-recession levels. Before the economic crisis, 2.5% of respondents said they had taken a day off in the 7 days prior to the survey.
HMRC to use debt collectors to bring in overdue taxes
Umbrella company contractors and freelancers beware! HMRC may send debt collectors to your door if you owe taxes.
Don’t understand the Agency Workers Regulations? Time to get help
As implementation gets closer, a recent survey has discovered that 80% of freelancers, including those working through umbrella companies, do not know what the AWR is or whether it will affect them.
Mixed outlook for umbrella company contractors
Only 25% of temporary workers in London saw a decrease in the number of freelancers and umbrella company contractors in the companies they worked with last year.
PM vows to create more opportunities for contractors
David Cameron has vowed that the government will focus on job creation in 2011.
Opportunities aplenty for contractors in digital marketing
Companies who continued investing in marketing during the credit crisis are now seeing rewards, according to the executive director of the Director Marketing Association, Chris Combemale.
Tax relief reforms and tax rate reforms should go together
Tax experts have said that tax relief reforms should be implemented in conjunction with a reform of the actual rates of taxation.
Umbrella company contractors owed money from Albany have longer to wait
Umbrella company contractors have put in claims for around half a million pounds worth of unpaid invoices following the collapse of Albany at the beginning of 2010.
Should umbrella company contractors put their faith in an ISA?
Although the government spending cuts may not have a direct impact on everybody, it’s worth bearing in mind the underlying message that the coalition is trying to get through.
Freelancers must plan ahead
Umbrella company contractors should start considering their retirement now. Recent research, carried out by Defaqto, shows that 44% of adults in the UK are not confident that they will be able to sustain a reasonable standard of living once they retire. That’s a rise from 38% last year.
