As the end of the year approaches, it is a special moment to reflect upon the achievements of the past year. With that in mind, we are pleased to inform that both K&B Accountancy Group and Cloud9 Umbrella have been nominated in the ContractorUK Awards for the Best Contractor Accountant (Small/Medium) Award and Best Umbrella…
So Philip Hammond has now released his Autumn Statement 2016, his first as Chancellor; and it has come as little surprise that the contracting industry will be significantly impacted after the announcements made on Wednesday 23rd November. Although the Chancellor did not vocalise these changes during the speech itself, there are a number of proposals…
As we are now just a month away before the holiday season starts, our sister company K&B Accountancy Group experts answer the most commonly asked questions about festive and annual event expenses for contractors with their limited company: Q. Can my limited company claim festive or annual party as deductible expenses for corporation tax purposes?…
Simon McVicker, Director of Policy and Public Affairs: This Autumn Statement promises to be the defining moment for the new May Government. Chancellor Philip Hammond will have to outline his vision for the UK economy post Brexit. Intrinsically Philip Hammond is considered a more fiscal conservative than it seems Mrs May is after her interventionist…
Winter is coming, and so is another HMRC deadline. The government introduced the Onshore Employment Intermediaries legislation in April 2014 to stop the use of false self-employment models where workers and employers may be avoiding paying tax and where the employer also avoids their other employment responsibilities. For the period 6th July to 5th October,…
More often than not, you’ll find discussions and reasons as to why you should move from an umbrella to a limited company. But we thought we’d discuss the reverse, because sometimes, the arrangements of working through a limited company, no longer make sense for the position you are in. So why might you consider switching…
Since the public sector reform in April 2017, we are still asked frequently by public sector contractors if they should continue using their own limited company or switch to an umbrella. The answer very much depends on each individual’s circumstances thus we would strongly encourage contractors to speak to us for tailored advice. Nonetheless, we…
APSCo recognises and supports excellence within the professional recruitment market, which provides client organisations, recruitment agencies, and suppliers with a recognised stamp of quality assurance. We are delighted to announce that Cloud9 Umbrella is now an APSCo affiliate member, which means we have joined APSCo as an approved supplier for the contractor and freelancer industry.…
April 6th is fast approaching and there are a number changes coming into play that will have a vast impact on our temporary work force. Whilst nothing is set in stone until the budget is published on March 16th, here is an outline of what to expect… The government have introduced new legislation which will…
Have you heard a variety of claims about IR35 that seem to make sense but you’re just not sure if they’re true? We’ve rounded up a few common IR35 myths we’ve heard and want to debunk them for you. The legislation is complex as it is without these IR35 myths and assumptions being added to…
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 that’s…