Chancellor Hammond backtracks on his plan to increase National Insurance
The Spring Budget was announced last Wednesday, 8th March. It sparked plenty of backlash around measures to increase tax revenue from the self-employed, particularly the Chancellor's plan to increase to Class 4 National Insurance Contributions (NICs), which has now been cancelled.
In the News – Freelancers Contributed £119bn to the UK Economy in 2016
The Association of Independent Professionals and the Self-Employed (IPSE) has published its study findings on how much freelancers contribute to the economy. The study revealed that freelancers in the UK contributed £119 billion to the economy in 2016.
Have a weekend away – you owe it to yourself as a contractor!
Flexible working is certainly one of the most popular reasons people decide to take up contracting on a full-time basis. However, do contractors really take advantage of the opportunities available to them? If you’re a contractor, you owe it to yourself to get away for a long weekend and have some fun!
Marriage Allowance: Could You Be Eligible For A Tax Break?
Did you know that if you’re married or in a civil partnership, you could be entitled to a tax break of up to £432? The marriage allowance could save couples hundreds, yet only a few are taking advantage of this tax perk.
Rising demand for cyber security – an opportunity for IT contractors
It’s a well-known fact that as technology progresses, there is an increasing need for cyber security, i.e. protecting IT infrastructure from malicious cyber attacks. This is especially true where businesses deal with sensitive and personal data, such as financial information.
Time management tools and techniques for contractors
As a contractor or freelancer with your own limited company, time is money. Even though you work for yourself, you are contracted to make sure you complete the job to the best of your ability.
Becoming an IT contractor: take control of your career
Churchill Knight » Blog » 2017 » January » Becoming an IT contractor: take control of your career
Becoming an IT contractor: take control of your career
Last updated on Tuesday, January 31, 2017Written by Alex Cadman
Are you thinking of becoming an IT contractor? Making a career change is not always easy, and switching from permanent employment can seem daunting. Despite this, IT contracting can offer so many advantages, for example, higher income, relaxed working hours, career independence and more.
Offshore schemes: HMRC cracks down on tax evasion enablers
Accountants, bankers, lawyers and other advisors are being targeted in HMRC’s latest tax crackdown, as those who enable offshore tax evasion now face strict sanctions which came into effect on 1st January.
Unusual excuses for late tax returns are unveiled by HMRC
If you fail to submit your Personal Tax Return by 31st January 2017 you will be subject to an automatic penalty. HMRC has released some of the most creative, yet unsuccessful excuses they have received for the submission of a late Personal Tax Return.
Sole traders: are you spending too much time on your tax returns?
A survey by YouGov found that the UK’s sole traders spend a total of 9.5 hours completing their personal tax returns. Are you a sole trader that spends too much of your precious time completing tax returns?