We all know that HMRC has been instructed to collect as much overdue tax as possible but it might surprise you to know that it also has a significant amount of overpaid tax claims to work through.
The Office of Tax Simplification was officially established by George Osborne and David Gauke, the Exchequer Secretary, on Tuesday.
HMRC is set to increase its investigations into tax avoidance and contractors not operating via an umbrella company may wish to get advice from a specialist accountant to ensure that all their tax matters are in order.
The Scottish private sector recovery slowed down last month according to June’s purchasing managers index from the Bank of Scotland. This development could affect umbrella company contractors operating in Scotland.
A new report from Numara Software could interest umbrella company IT contractors. It suggests that IT budgets in the UK suffered more than in some other European countries.
Small businesses and umbrella companies should plan ahead in order to cope with the changes that are likely to be introduced in next week’s budget.
Contractors could benefit from continuing recruitment freezes as many firms still do not want to make permanent appointments. In fact the latest Manpower report says that nearly 90% of employers do not plan to increase recruitment in the third quarter.
Contractors and freelancers working in the accountancy profession expect more financial institutions to create interim opportunities in the coming year.
IT contractors are on the move! At least that’s the view of the largest IT recruitment agency, SThree.
The PCG has launched a checklist to help clients’ double check they have all the steps in place to ensure a project runs smoothly.
On Monday the Treasury released its plans to save £6.2 billion from the public sector budget. One of the planned measures is to cut £95 million from IT spending, which could affect those working through umbrella companies.
Recruiters and umbrella companies are drowning in employment red tape and bureaucracy after 13 years under a Labour government.
Andrew Lansley, the new Health Secretary, has announced that family doctors rather than locums will be responsible for out-of-hours care.
In my world, the term “self employed umbrella company” is a tad paradoxical. After all, a traditional PAYE umbrella employs their workers and provides (or should provide) the various benefits commensurate with employment.
According to recent research by BACS, the payment of invoices to UK SMEs, including limited company contractors and umbrella companies, is being delayed by an average of more than 40 days longer than the original invoice date.
How quickly the months roll around, the first quarter seemed to just disappear with minimal upset for most umbrella companies (there were a couple of exceptions).
