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.
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.
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.
Give umbrella companies a break!
You’ve got to feel sorry for umbrella companies. Apart from the odd hiccup (Albany), they provide a stonkingly good service to contractors and have done for the best part of ten years.
Business groups unite against National Insurance hike
The government’s proposed hike in NI contributions is causing more controversy and now leading business groups are calling for the charge to be retracted.
Urgent warning issued over National Insurance changes
Businesses no longer have the opportunity to file paper copies of their Employer Annual Returns. HMRC is writing to employers in the UK reminding them that they must complete their PAYE returns online no later than 19th May if they wish to avoid facing a penalty charge of up to £3,000.
3 reasons why umbrella companies benefit contractors
An umbrella company is the ideal solution for contractors who do not wish to set up their own limited company or become self employed. For contractors seeking a way of working which allows them to work on several contracts without administration, then an umbrella company is the answer.
