common mistakes made by new contractors

Common mistakes made by new contractors

Becoming a contractor after being in permanent, full-time employment can be a daunting step to take, so the last thing you want is someone telling you that you might be doing it wrong. But so many new contractors make the same initial errors as each other that you can learn and (hopefully) avoid making them…

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HMRC update on contractor tax avoidance schemes

We’ve all heard the old adage ‘if it’s too good to be true, then it probably is.’ A minority of contractors are still getting caught up in schemes that are offering 85-95% take home pay. These may not be all that they seem. HMRC is continuing to focus their attention on reducing the number of…

IR35 contract review

IR35 contract review – why bother?

Taking IR35 seriously and giving it proper consideration for every contract should be the starting point for all contractors. Ultimately, IR35 will fundamentally affect how you choose to operate. More importantly, if you want to consider setting up a limited company, you will be in a better position to establish what your tax and NIC…

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The PRISM Brave New World seminar

On Friday 22nd July, Cloud9 Umbrella and K&B Accountancy Group were pleased to be part of the Brave New World seminar organised by PRISM, one of our affiliates. Focusing on existing and future legislation changes that will affect the recruitment industry, the session offered guidance and insight for all those who attended. The day was…

EU nationals

Reassurance for EU nationals working in the United Kingdom

We are delighted to be working with contractors who originate from an assortment of countries throughout Europe. Having spoken to some, it’s clear that Brexit has raised a variety of concerns regarding their futures. This week the government released a post online (.gov.uk) to reassure European nationals about their future in the United Kingdom. The…