It seems that 2014 is shaping up to be an exceptional year for the contracting community, with several surveys reporting an increase in demand for Britain’s skilled workforce.
Despite several years of stagnation, the economic recovery is finally beginning to gather pace. Statistics around business confidence and job creation show that the UK is waving goodbye to the recent downturn and welcoming a new era of growth and prosperity.
According to the Employment Index, hiring intentions in the UK have reached a 30-month high, as firms plan to employ more staff members over the next six months than they have for almost the past two years. Continue reading
One of the UK’s fastest growing accountancy firms has been praised by Bournemouth & Poole College for its commitment to nurturing young talent.
In recognition for providing Higher Education students with employability skills and experience through their undergraduate placement programme, ClearSky Accounting has been awarded an ‘Investors in Students’ accreditation.
The newly-granted status sees the Poole-based accountant join an elite group of employers that have helped to boost graduate employability within the region.
ClearSky Accounting has so far employed over 30 undergraduates and apprentices across its offices in Poole, Warrington, Middleton and London. Continue reading
Negotiation is a skill – some people are born with it, whilst others must work hard to perfect it.
As a Limited company contractor, negotiating your rate of pay can seem like a daunting task, yet the financial success of your Limited company often rests on securing a fair level of compensation for your time, skills and expertise.
Before you start negotiations, decide the lowest figure that you’re willing to accept. Continue reading
IR35 has been a frequent source of confusion and conflict between the taxman and contractors since its introduction 14 years ago, and it seems that further changes may soon be on the horizon.
This controversial piece of tax legislation has dominated the headlines over recent months, as the House of Lords Committee continues to debate its future.
Opinion is split over whether IR35 should be replaced, reformed or maintained. While the future of the legislation is unclear, what we do know is that the number of IR35 investigations has rocketed in recent times. Continue reading
In total, HM Revenue & Customs received 10.3 million tax returns for 2012/13, beating the previous year’s total of 9.61 million.
Much of the increase was down to the Government’s controversial changes to the child benefit system, which meant thousands of high-earning parents were required to complete a self-assessment tax return. Continue reading
The self-assessment clock is ticking for the estimated 1.3 million Brits that have yet to submit their tax return.
Those who haven’t yet filed their 2012/13 Self-Assessment Tax Return must do so online by midnight tonight, or face HMRC’s tough penalties.
Along with an automatic £100 fine and a potential surcharge on any tax paid after January 31st, tardy taxpayers could see themselves falling under the taxman’s watchful eye. This may even result in a HMRC investigator probing through your financial history.
Around 850,000 taxpayers missed the January 2013 deadline, which resulted in a windfall of £85 million for HMRC overnight. Continue reading
After a challenging few years in which anaemic economic growth has exerted downward pressure on contractor rates and opportunities, things are finally looking up for members of Britain’s skilled flexible workforce.
A number of reports have provided strong evidence that the economy is currently undergoing a significant recovery. Take the Centre of Economics and Business Research (CEBR), which recently predicted that the UK will overtake Germany by 2030 to be crowned Europe’s largest economy.
The growing sense of optimism has clearly had a positive impact on Limited company contractors, with a recent study by Contractor UK revealing that 67% of contractors believe pay and placements will increase in 2014. Continue reading
With the festivities well and truly behind us, unfortunately it’s that time of year that instils fear and dread in the hearts of Limited company contractors. That’s right – the season of self-assessment is upon us.
Those who haven’t yet filed their 2012/13 self-assessment tax return must do so online by midnight on 31st January or face HMRC’s harsh penalties.
Along with a £100 penalty and a potential surcharge on any tax paid after 31st January 2014, tardy taxpayers could see themselves falling under the taxman’s watchful gaze. This may even result in a HMRC investigator probing their financial history. Continue reading