Category: Contractors

Small businesses urged to get ahead with self-assessments

Informi: ‘As well as having the advantage of doing so during a typically quieter period at HMRC, they’re also more likely to have all the necessary information on hand and will allow themselves more time to deal with any problems – and avoiding potentially crippling fines’.

Many employers expect to make permanent redundancies from Covid-19 crisis

CIPD: ‘Making redundancies should be a last resort once all other options for reducing workforce costs have been taken’.

New guidance tool coming for business owners to understand their tax

LITRG: ‘The self-employed often need to digest a lot of information when they are also busy running and growing their businesses and a tool which provides guidance to specific trades will be useful’.

HMRC to stop automatically sending paper self-assessment returns

Taxpayers will still be able to file a paper return if they choose, but HMRC will encourage those who are able to file online to do so.

Chancellor finally provides financial support to the self-employed

Millions of people across the UK could benefit from the new Self-Employed Income Support Scheme.

Government launches Coronavirus business support

The Chancellor of the Exchequer: “We are working round the clock to do whatever it takes to protect our people and businesses. That means that we are not only taking unprecedented action but doing so at unprecedented speed, because we know that businesses and their employees need help now.”

IR35 private sector changes put on hold

Larsen Howie: ‘We’d like to stress that the legislation has been delayed, not cancelled; any investments you’ve made or are making in getting ready for the reform will not be wasted and will stand you in good stead versus competitors who are burying their heads in the sand’.

Contractor groups call for emergency Coronavirus fund

IPSE: ‘Coronavirus is not only a health crisis, but an income crisis that threatens the self-employed in particular’.