Latest Contractor News
Keep up to date with all the latest contractor news. We have written everything in plain English, so there’s no need to go to the overly complex HMRC website to learn about any tax and accountancy related updates.
Number of women joining self-employed sector grows
The last 11 years have seen a particularly strong growth in the number of self-employed mothers, accounting for approximately one in eight contractors.
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New government support for young entrepreneurs
A new government review backed by The Prince’s Trust aims to provide further support for the UK’s next generation of young entrepreneurs.
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Calls for government contract bans for repeated late-paying businesses
The IPSE has backed the FBS’s call for late-paying big firms to get public contract bans.
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BEIS call for Small Business Commissioner to fine late paying firms
Earlier this year, the Small Business Commissioner called for a ‘traffic light’ warning system so that SMEs can easily identify large businesses that pay late.
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Digital Services Tax should be a temporary measure, advises CIOT
The aim of the UK’s Digital Services Tax is to ensure that digital businesses pay tax reflecting the value they acquire from the participation of UK users.
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Making Tax Digital software to cost SMEs an average £564
Despite government claims that Making Tax Digital will make it easier to report, only one in ten SMEs think it will have a positive impact on their tax reporting and financial management processes.
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IPSE responds to HMRC IR35 private sector consultation
With IR35 being extended to the private sector, HMRC has released an open consultation, seeking views on how the off-payroll working rules will work from April 2020.
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Give employees a sense of belonging for their commitment
According to Dr Ali Fenwick of Nyenrode Business University, a sense of belonging is just as important a retention tool as good pay and benefits.
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