The murky world of loan schemes is getting a whole lot murkier with a new breed of dodgy loan schemes. Contractors need to make sure their umbrella company provider is not actually a loan scheme in disguise.
It’s an inevitability of temporary work that contracts come to an end. This leaves contractors with a simple choice more often than not. Find a brand new contract to work or look at potentially securing contract renewals. The latter option here obviously totally depends on whether you and the end client actually wish to continue…
A key topic of debate in recent months has focused on whether growth in contracting will continue after further IR35 reform. Unless you have been living under a rock, you will probably have noticed significant growth in the contracting and gig economy within the UK.
Umbrella companies play an important role in helping huge numbers of contract workers to retain the flexibility of temporary locum work, but with the benefits of employment. Here we tackle some of the most common umbrella company myths in circulation.
In April 2020 previous changes to IR35 will be extended to effect workers in the private sector too. It is not too difficult to predict the outcomes of this extension into the private sector. Not only can you predict the outcome you can start to make preparations now to protect yourself from the fall out of this.
The Loan Charge which was brought into force from April 2019 by HMRC has rightfully received a lot attention lately for the enormous impact it is having in the contracting world. If lessons are not learnt then contractors will continue to fall foul of these schemes time and time again.
Earlier this month the pleas to both delay and review the Loan Charge 2019 were rejected in the House of Commons. This rejection means that the charge will remain unchanged with massive repercussions on the effected.
Disastrous legislative change may impact contractors and UK plc on the 6th of April 2020. This is if the proposals, made by Government and HMRC, go ahead to extend IR35 Off Payroll guidelines into the private sector. 2019 could be a key year in the history due to IR35 Off Payroll and one that could…