Today is the fifth National Freelancers Day, celebrating the great role that freelancers play within the economy. The day aims to bring together “business leaders, political heavyweights and independent professionals to reflect on the power of the freelance model.”
Considering giving up permanent employment to become a contractor? Before you hand in your resignation letter and print those business cards, it’s vital that you have looked at every aspect of your decision.
In an attempt to boost job creation, George Osborne announced in the most recent budget speech that every UK employer will receive a £2,000 cut from their National Insurance Contributions (NICs).
If you’re an independent contractor or the owner of a limited company in the UK, you already have an accountant, right?
If you’re a contractor in the UK, and you are not ready to start a limited company, you should seriously consider joining a reputable umbrella company.
If you are serious about landing that dream job – the one you actually enjoy going to day after day – the first step is getting your CV to survive the “NO” pile. No easy feat when you consider that recruiters can end up with hundreds, even thousands of CVs for a single job.
Once upon a time not so long ago, our forefathers would leave school or college, find a job and then stick with it until retirement time came around.
Take our quick quiz to see whether you have what it takes to make it in the demanding and high-pressure world of contracting.
If you’re a contractor in the UK (or thinking about becoming one), one of the biggest decisions you’ll face is whether to trade as a sole trader or run your own limited company.
Over the last few years, the use of umbrella companies has become more and more popular within the UK contracting market, especially since the complicated IR35 rules were introduced.
Chairman of the National Outsourcing Association Martyn Hart said recently that more firms and sole traders operating in the modern business environment are choosing to outsource their payroll functions to companies who specialise in these services.
IR35 legislation is once again in the spotlight after another tribunal hearing has ruled against HMRC in favour of the independent contractor, finding him to be “legitimate”.
Independent Contractors in the UK should start looking to small and medium businesses for new contract opportunities.
Are you the owner of a limited company or an independent contractor in the UK?
Using a professional accountant and accounting system for your business can hugely reduce your admin and stress, save you money and ensure you avoid any legal hassles. But how do you know if you’ve chosen the right accounting firm to deal with your particular needs?
At those times when money is tight, it’s increasingly important to maximise your earnings. With the announcement of large public sector cuts and the continued global slow-down of commerce and industry in general, it’s easy to paint a grim picture. However, many savvy individuals are turning this to their advantage and reaping the benefits of contracting.
If you’re an independent contractor or considering the switch to freelancing, an Umbrella Company might be the most sensible solution for you. Here’s a quick rundown of the benefits of working through a professional Umbrella Payroll Company.
Tax Penalties are enforced by HMRC for various reasons and are more often than not the direct result of either procrastination or a lack of information. Ensure you don’t cut into your annual take-home pay by having to fork our hundreds of Pounds for penalties which could have been avoided in the first place.
1st Contact Umbrella often receives calls from people considering becoming contractors or who are in the process of weighing up the differences between starting a Limited Company and joining an Umbrella Company.
Here is a list of the most frequently asked questions about Umbrella Companies – answered by 1st Contact Umbrella consultants.
Do you have a pressing question you think our experts may be able to help with? Submit your questions here and it may be featured in the next issue of 1st Contact eNews.