With the introduction of the Criminal Finances Act 2017 and additional laws aimed to eliminate the facilitation of tax evasion, having a dependable Preferred Supplier List (PSL) is now of critical importance. If you do not have a PSL you can trust to refer your candidates to, your business, managers and directors are at risk of unlimited fines and custodial sentences.
If you’re a director of your own limited company or a secondary shareholder of a limited company, you’re required to fill out and submit a Personal Tax Return, aka a self-assessment, to HMRC. Here are some common mistakes made when completing tax returns, and how to avoid them.
If you’re a seasoned contractor or freelancer with a solid client base, you may have thought about taking the next step by running or growing a small business. This guide will help you understand what it takes to run a small business or start-up.
The government has delayed the rollout of Making Tax Digital, the initiative that will transform the tax reporting system to a totally digital structure. An amended timetable for Making Tax Digital has been set which will give accountants and businesses time to prepare and adjust processes to deal with the new system.
Using a PAYE umbrella service is a simple and efficient way to get paid as a self-employed worker. However, the time may come when it is in your best interest to say farewell to your umbrella company and become the director of your own limited company. This article will investigate when you should consider switching from an umbrella service to an umbrella company.
New rules as part of the Criminal Finances Act 2017 will be coming into effect on the 30th September 2017 and are intended to make it easier for HMRC to convict organisations that are helping to facilitate tax evasion schemes. This is likely to have a heavy impact on recruitment agencies who commonly engage with self-employed freelancers and contractors and help them identify a payroll provider. Please keep reading to find out more about the new rules and the consequences they will have on the recruitment industry.
Are you searching for an accountant to look after your finances whilst you are contracting? Just like any important purchase, it’s essential that you do your due diligence and research providers thoroughly before coming to a decision.
The General Data Protection Regulations (GDPR) will be coming into effect from the 25th of May 2018. The new regulations are similar to those under the Data Protection Act (DPA) and therefore, if you are presently compliant with your data handling, preparing for the GDPR should be straightforward. Our article will provide some useful information to help your recruitment agency understand the new regulations and prepare accordingly.
Becoming a marketing freelancer or consultant could be a good way to advance your career in marketing whilst also stepping away from corporate rules and 9 to 5 office restrictions. But what does it take to be a marketing freelancer?
HMRC released its Employment Status Service (ESS) tool in March to help provide clarity around IR35, and to assist public sector clients and agencies in assessing the IR35 status of their off-payroll workers. There has been plenty of controversy surrounding it, with some experts claiming it is inaccurate whilst HMRC jumps to its defence.
