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,…
It’s been just over a year since the Criminal Finance Act (CFA) was introduced 30th September 2017, which saw companies become criminally liable for any facilitation of tax evasion and tax avoidance schemes by any persons representing the company, and a recent Tax Journal has proposed that HMRC is ‘chomping at the bit to investigate.’ After…
It is important to know the difference between pushing yourself to be the best you can be and pushing yourself to the point of a burnout. As a continuation of our contractor wellbeing series, this week we will talk about the importance of getting away and why travel is crucial for life as a contractor.…
The new tax year is fast approaching and we are noticing a trend in umbrella contractors who are incorporating their own personal service company (PSC) in order to minimise, or even mitigate the restriction on Travel and Subsistence expenses. While we cannot comment on any particular models offered by other accountancy and umbrella service providers,…
For recruitment agencies, the relationship between them and their contractors is built on trust. Candidates rely on consultants to provide the best possible advice in regards to their finances and salary. This is why it’s vital that agencies use a clear, concise and compliant umbrella company for support. We explore how agencies can benefit from…
Working five days a week holed up at home is a real productivity killer, so here’s our round-up of some of the best coworking spaces England has to offer. Whether you need a quick collaboration or a little human interaction, there’s something here for every creative. The Greenhouse N16 – Newington Green, London Start…
Staff placements and temp billings continue to rise in the job market as unemployment rates fall to 4.0%. Reported by the Office for National Statistics (ONS) the UK unemployment rate is now at it’s lowest since 1975. Naturally, the reduction in unemployment levels corresponds with strong hiring growth. Though the ongoing decline in candidate shortages…