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Friends, Romans, countrymen, lend me your money

You are an established contractor whose PSC is doing very nicely thank you. One of your closest friends wants to follow suit and decides to start up their own property development business but needs capital to get it up and running and ap...

Could the Lords report be a catalyst for change inside HMRC?

At last, there has been a welcome development on the tax front, and one that in time could perhaps even pave the way for positive changes in how contractors and all UK taxpayers are treated by HMRC. Last week, a House of Lords report foc...

Brexit and the VATMOSS

Unless something dramatic happens in the next few months the UK will leave the EU on 29 March 2019 but, at present, no-one knows whether we will leave with or without a deal or, if we do leave with a deal, whether that deal will enable us...

Staying off the bench in 2019

Everything You Need To Know To Win More Work At Better Rates. Join us for an action packed online workshop all about winning work, maximising rates and developing ‘Brand You’. This session is aimed at Contractors, Consultants an...

Tradesmen targeted by criminals in tool theft ‘epidemic’

In the UK, every 23 minutes a van is broken into and tools are stolen from it, costing tradespeople £100m a year in total. Let that sink in for a moment. Every tradesman and tradeswoman hopes and probably thinks it won’t ever happen...

Amend and review loan charge

In a wider report titled ‘The Powers of HMRC:  Treating Taxpayers Fairly’, the House of Lords’ ‘Economic Affairs Committee’ devotes a chapter to the 2019 loan charge and has called for the retrospective legislation to be amende...

Contractors consider leaving the UK as a result of IR35 reform

Independent workers are prepared to move overseas when IR35 changes arrive, despite restrictions that Brexit might bring There aren’t many people in the UK who think that working and living in Europe post-Brexit will be as eas...

Put back MTD another year

In its report, ‘Making Tax Digital for VAT: Treating Small Businesses Fairly’ published last week, the House of Lords Economic Affairs Committee called upon the Government to delay the introduction of MTD for VAT by at least one year ...

What does Brexit mean for contractors?

Brexit has become an all-consuming issue for the Government. And now, after having convinced the EU leaders to accept her withdrawal agreement last weekend, Theresa May must have it signed off in Parliament next month. MPs are set to c...

Review your life insurance when your circumstances change

Life insurance is a vital part of financial planning and is especially important to anyone who has dependents. We also understand though that it is one of those subjects that no one likes to discuss. That’s why many people don’t think t...

BBC fed presenters to IR35 lion

A recent report by the National Audit Office (NAO), ‘Investigation into the BBC's engagement with personal service companies’, reveals that the BBC happily allowed its presenters to carry on using their own limited companies in the kn...

HMRC Webinar – The contractor loans settlement process

We’ve created a webinar that’s been designed to help people understand how they can settle their tax affairs if they’ve been paid in loans to reduce their tax bill, otherwise known as a disguised remuneration. If you want to find out ...

Why Relevant Life Insurance Makes Sense for Contractors

When you work for yourself, as you’ll be well aware, you don’t enjoy the same benefits as those that are ‘traditionally’ employed. Those benefits you miss out on include sick pay and death-in-service, among others. Of course, the va...

IR35 proposals leave low-paid vulnerable

The Low Incomes Tax Reform Group (LITRG), which is an initiative of the Chartered Institute of Taxation, has expressed its concern that the Government’s determination to extend the ‘off-payroll’ rules to the private sector in April ...

Contractors dispel tax myth once and for all

Financially speaking, what drew you to contracting? This was the question put to independent workers by Qdos recently, and with nearly 1200 responses, the answers could well have conclusively dispelled one of the most damaging myths to have...

When working for a public sector client, is it the client’s decision to assess whether I am outside IR35 or not?

Q: When working for a public sector client, is it the client's decision to assess whether I am outside IR35 or not? Suppose the client tells me that I am outside IR35, but later HMRC investigate and decide to find me inside. Who is no...