News
Legislation
Contractors must keep expense receipts for 5 years
06 September, 2010
Some Umbrella Companies offer dispensation agreements. Please don't think this means you don't have to maintain accurate expense receipts and records.
Employee Benefit Trusts
17 August, 2010
An EBT is a discretionary trust for the benefit of employees. A trust is a legal arrangement by which one person owns assets on behalf of another, such as pension funds, charities and family trusts.
Organisations that fail to protect client information will face tough penalties
18 February, 2010
Fines as high as £500,000 will come into effect after 6th April for those failing to adequately protect personal information and prevent security breaches.
Contractors group appeal for the IR35 to be dropped in the Pre-Budget Report
09 November, 2009
The Profession Contractors Group has urged Chancellor Alistair Darling to drop the controversial IR35 tax rules in his pre-budget report as freelancers are battling to keep their heads above water during the recession.
Specialist accountants advised for contractors
06 August, 2009
Contractors who are entrusting their affairs to non-specialist accountant firms may find themselves facing large HMRC fines.
Freedom of Information Act rules will not affect contractors
24 July, 2009
Policy makers have said that contractors supplying services to public authorities would remain outside the scope of the 2005 legislation and therefore not face Freedom of Information Act requests.
Unfair dismissal claim through Limited Company
10 July, 2009
A sub-contractor, Andrew Tilson, who works through his own limited company recently took Alstom Transport to an employment tribunal claiming unfair dismissal.
Gibraltar prepares for 10% tax rate
11 June, 2009
The final stages of negotiation is underway by the government of Gibraltar in the implementation of a 10% standard corporate tax rate for both international and domestic businesses investments.
Crackdown on tax evaders in 30 countries
01 June, 2009
The Financial Times has reported that a global crackdown on tax evasion by wealthy individuals was been launched in 30 countries.
Contractors Tax 2009
26 February, 2009
While many companies are down-sizing due to the recession, one has to speculate on what lies ahead for the contractor and whether he will be able to weather the storm.