Cracking down on risky contractor loan schemes

It has been a turbulent year for contractors, especially those who work within the public sector and have been hit by the introduction of the “off-payroll” reforms in April. Now a storm of risky umbrella firms are luring temporary workers with promises of higher take home retentions in a bid to sidestep the tax crackdown…

New rules regarding tax evasion: Criminal Finance Act 2017

On April 27th, the Criminal Finances Bill received Royal Assent becoming the Criminal Finances Act 2017 and represents significant development in the UK’s anti-money laundering regime in over a decade as well as the largest expansion of corporate criminal liability since the Bribery Act 2010. From 30th September 2017, companies will be criminally liable if…

Public Sector reform so far – what do our clients think?

The introduction of HMRC’s off-payroll reform has impacted the public sector over the past 6 months and we have witnessed a dramatic increase in enquiries for our PAYE payroll solutions; as contractors make the switch from their limited companies to compliant umbrella solutions in line with their updated IR35 status. Cloud9 has supported many contractors…

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Contracting and Freelancing your way to a happier work life

With the number of self-employed workers increasing by 103,000 to 4.80 million (in the three months to April), we delve in to explore IPSE’s recent study to understand why contracting and freelancing are becoming so popular. At Cloud9 and K&B Accountancy Group, we’ve always known that contracting is the best route for the many workers…

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Latest APSCo research confirms increase in contractor opportunities

We recently posted a market update article in which we reported on contract and temporary placements increasing, according to REC’s report. APSCo’s May IT report also stated that contractor and freelancer opportunities were set to increase in the next 12 months. Now, APSCo has released even more positive findings from its ‘Growing Together’ survey in…

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Temporary Workers and Contractors: You’re in demand!

Contractors and freelancers will be pleased to learn that temporary placements increased at a sharper rate than permanent placements, according to REC’s latest job report. The demand for temporary/contract workers has increased throughout the UK with the two prominent areas being Scotland and London. 36.5% of recruiters stated that their billings received from the employment…