Contracting & Freelancing News
The new tax year is fast approaching! The 2022/23 tax year will end on 5th April and the new 2023/24 tax year begins on 6th April – dates that have remained unchanged since the 19th century. The Chancellor of the Exchequer, Jeremy Hunt, announced some important tax changes in the budget statement he delivered in November
With several major legislative changes and compliance reforms set for landlords in the next 12 months, adding more to the list of things to do and things to know, when you’re already short of time, can feel like a huge chore. As a landlord, you will already be spending your days managing contracts, taking calls, undertaking
With another self-assessment deadline been and gone, it can often feel like the years come around exceptionally quickly when you’re posed with the task of the dreaded tax return. If you’ve not been as organised as you’d like, or if you have not used an online MTD-compliant software to keep track of your outgoings and expenses,
Since the pandemic, more and more of us are exploring different hobbies and passions and turning them into a money-making endeavour. With the current cost of living crisis, and the need for that extra bit of cash to spend on luxuries or even a second income to help with the rising costs of bills and interest
Breaking news today is that Stuart Barnes, the Sky TV pundit, has defeated HMRC in his IR35 appeal. The rugby expert, who played top-level rugby union throughout the 1980s and early 90s, had his IR35 appeal upheld by Judge Heidi Poon. It was a First-tier tax tribunal, and the first Sky TV case upheld by FTT,
Good news for contractors – it looks as though more companies than ever will be using contractors throughout 2023, rather than hiring permanent members of staff. It’s been reported that new LinkedIn data shows postings for contract roles, especially in the technology sector, have tripled in the last two years. With a cost-of-living crisis ongoing and
If you’re running a small business, or you’re self-employed, there are a number of things that you need to be aware of as we enter 2023. As a new year begins, there is so much to look forward to, with plans for the year fresh and at the forefront of your mind. You may have already
‘New Year, New Me’ is something you hear a lot during December. As we over-indulge on festive food, drinks at the office Christmas party, treats with friends and family and maybe spend a little longer than usual down the pub, it’s no surprise that many of us vow to make a change as soon as January
The word locum is derived from the Latin term ‘locum tenens’. The English translation of this is ‘place holder’, which perfectly sums up the role of a locum – somebody that temporarily covers the duties of another until they return. There are no hard figures regarding the number of locums working in the UK, but it’s
Many small business owners start out with a sole trader set up. Personal ownership enables you to ease yourself into self-employment without dealing with the additional obligations and responsibilities, including more complicated accounting and record-keeping requirements, that are part and parcel of operating as a limited company. The majority of self-employed people follow a similar path
With Christmas just around the corner, many of us have already decked the halls, completed our Christmas shopping and have plans in the diary for every weekend during December. Others might leave things until last minute, with only two shopping weekends to go until the big day. This weekend is set to be the busiest weekend
Taking the plunge and becoming self-employed is a highly satisfying achievement, which reaps a whole host of benefits. Not only do you have the means to be able to work as many or as little hours as you would like, but it is largely a way to earn more money than if you were employed by
