Search Magnifying Glass

Going Freelance If You ‘Want To Make It’

Self-employment has grown dramatically in recent years. The number of self-employed workers was as many as 4.8 million in 2017, according to the Office for National Statistics (ONS). In fact, it’s now predicted that they make up at leas...

The Myth of the 24 Month Rule

The “24 month rule” is often a cause of confusion within the contracting industry. Many contractors can misinterpret this as a restriction upon the length of an engagement, however this is simply not the case. The 24 month rule relat...

Constructing the Women’s Workforce

Contracting, particularly in the construction industry, isn’t stereotypically seen as a career that a lot of women pursue. But why is this? As quite a physical job, construction and labouring has always been seen as a ‘man’s world...

Contractor CV Torn Apart by Expert

Over here at The CV & Interview Advisors we see a lot of Contractor CVs - in fact we’ve written close to 5000 over the last few years. Helping Independent Contractors / Interim Managers to win work makes up about half of the business ...

IR35 Reform – Mistakes to Avoid

A sea change in the contracting world will hit the private sector next April. Under new rules for administering the IR35 legislation, medium and large businesses in the private sector must take responsibility for setting the tax status of...

​Tips on Finance for Sole Traders

With nearly 5million people working for themselves in the UK, self-employment is now a vitally important sector of the labour market. Certainly, if the rapid growth of independent working is anything to go by, this way of working is incre...

HMRC suggest MOO to be included in CEST

The latest IR35 Forum was held on 28th February this year with the minutes having recently been released. The purpose of the IR35 Forum is toadvise on the administration of IR35 policy in practice. Meetings should be “constructive, ...

HMRC’s IR35 Tool – Cause For Concern?

Despite being in action for more than two years, contractors and IR35 experts are now scrutinising HMRC’s Check Employment Status for Tax tool (CEST) perhaps more than ever. The arrival of HMRC’s IR35 tool just a matter of weeks be...

IR35 – What to Consider

Even among experts, the IR35 legislation is seen as complex. With many different factors to consider when making an IR35 decision, setting the tax status of contractors isn’t always black and white. But this isn’t a recent development...

Seven mental health and wellbeing tips for contractors

As part of Mental Health Awareness Week 2019, accountancy firm Nixon Williams has produced a list of top tips for contractors in partnership with the Samaritans Specialist contractor accountancy provider Nixon Williams has drawn up a lis...

What Happens in an HMRC Tax Enquiry?

When HMRC opens an enquiry into you or your business’ tax affairs, it doesn't mean that they think you've done anything wrong. HMRC routinely checks a percentage of the tax returns that it receives to ensure that they are correct.  Fo...

Mental Health Awareness For Start-Ups

Those who found a business are renowned for being resilient, fearless and courageous. However, the internal realities are that: either being-self employed, or building a business from scratch, comes with an insane amount of pressure. And ...

The 24 Month Rule – Travel Expenses

Q. I started an IT project management contract with my client 2.5 years ago. The role is based in the client's office close to my home and agreed that occasional travel to the client's other offices would be required, for which they would r...

Turning a family home into a student investment

Buying properties to let to students offers some of the highest yields on the market. If you are looking to move home, then rather than selling your house, you could consider converting your home in to a student investment. There are plenty...

Beating ‘BROWN ENVELOPE Anxiety’

In mid-May, not many are thinking about their tax returns. But for some, ‘brown envelope anxiety’ is a crippling fear that doesn’t always go away just because there are no close deadlines to meet. This week, for Mental Health Awarenes...

Wearing two hats?

Mark McLaughlin looks at a recent case on information notices which considered the information exclusion for auditors and tax adviser. Information Notices are commonly issued by HMRC to require taxpayers to provide information or produce...