We provide up to date contractor news and information on IR35, tax news, business news, free guides and resources for contractors and freelancers, and cheap contractor insurance.
 

Business News

Breaking Mortgage News for Contractors

One of the UK’s largest and most recognised mortgage lenders to IT contractors has opened its ‘Contract Based Income Criteria’ to now allow ANY professional contractor to access a mortgage. This major development means that, regardless of the sector that you specialise in, you can now be assessed simply on a multiple of your contract rate for lending purposes.

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Our Top 10 of Management Drivel

Over many years of conversing with contractors, end clients and agencies, we have witnessed, beheld and have heard horror stories of some of the most painful examples of management garbage that would make even David Brent squirm.

To vent our frustration of such language, we have compiled our top 10 of management bulls**t…

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Free Contractor Seminar – 8th May

The Future Consortium is gearing up for a third event aimed at the ever expanding contracting community on Wednesday May 8th in the heart of The City of London.

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The Current State of Contracting

Contracting experts Seb Maley, Mervyn Stanley & Joanna Holloway shed some light on the current state of contracting in the 2013 business market.

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Crossing the HMRC’s and Dotting the RTI’s

Contracting is a profession that is gaining momentum fast, and has been doing so for the past few years.

With the number of temporary positions available on the rise, and with those working within IT and Oil & Gas sectors especially seeing rapid surges in both contracts and placements, it isn’t surprising that more and more professionals are taking the leap over to limited company trading.

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Sidekicking - Easy Subcontracting

“I love deadlines. I love the whooshing noise they make as they go by.” Douglas Adams, author.

Douglas Adams would never have made it to the end of his first IT contract. If you walk into an office at 6pm any evening you’ll see contractors – the group who are updating their plans, writing up meeting notes or preparing a presentation after everyone else has gone home. Working as a contractor, you know you have to hit every deadline, every week and on occasion, that can be an unwelcome or even a tiresome challenge. You also know that you’re only as good as your last assignment and that mistakes or failure aren’t an option – not even once.

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Tax & IR35 News

Disguised Employees in the Midst

Self-employed partners will be reclassified as employees

In the Autumn Statement of 2012 the Government indicated that aspects of the tax rules relating to partnerships would be considered as part of its review of high risk areas of the tax code. Budget 2013 then announced that there would be two areas which would be consulted upon and we now have the consultation document.

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Hall of Shame Inductees

Recruitment and umbrella companies named as deliberate tax defaulters

A recruitment company and an umbrella company have appeared on HMRC's second publication of deliberate tax defaulters.

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HMRC Ahead of the Game

PAYE checks for last year underway

HMRC has begun its annual End of Year Reconciliation process to check that those people within the PAYE system have paid the right amount of tax for the last tax year ended 5th April 2013.

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HMRC Cut Out the Middle Man

Revenue ignoring accountants during enquiries

Since 2011 HMRC have been trialling an initiative designed to improve and speed up the tax enquiry process for small and medium-sized businesses (SMEs), called the Single Compliance Process (SCP).

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HMRC: Kid in a Candy Store

HMRC lay their hands on extensive data in their fight against offshore evasion

HMRC is working with the tax authorities of the USA (IRS) and Australia (ATO) in analysing 400 gigabytes of data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.

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MPs Oppose Retrospective Legislation

Chancellor urged to redress unfair BN66

In a letter to George Osborne, eighteen MPs from across five political parties have urged the Chancellor to reverse the retrospective application of Section 58 (4) Finance Act 2008 aka BN66.

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