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The UKs' No 1 site for contractor calculators, news & advice	Issue 4: May 2007

	Dear Contractor, Welcome to the May 2007 edition of our Contractor NewsCast. Recent news has been dominated by the new Managed Service Company Legislation. There is controversy surrounding the ambiguity of the definition of a service company. The Conservatives opened a parliamentary debate on the subject and continue to try and defend contractors. The PCG launches a new One-Stop product for contractors, and continues its assistance to the construction industry, helping to alleviate the pain and confusion surrounding the new CIS scheme.				Find out with our Financial Profile Calculator › Find out how much the IR35 tax costs you with our IR35 Calculator › Use our Permanent To Contracting Calculator › Find out with our Target Contract Rate Calculator › Many other Calculators also available ›
	› Exclusive: Conservative MP Villiers Offers Hope for Contractors on MSC Attack › Contractor Doctor: 24 Month Expense Rules › Contractors in Construction Face 'Horror Story' › Contractors: Take Care With Verbal Agreements › MSC Legislation Will Affect Relationships Between Contractors and Agencies › Contractor Calculator Market Report - May 2007 › Contractors Find A One-Stop Shop at the PCG › Other Recent News
	Exclusive: Conservative MP Villiers Offers Hope for Contractors on MSC Attack In an exclusive interview with ContractorCalculator, the Honourable Theresa Villiers, Conservative MP for Chipping Barnet, tells us that there is hope for some improvement on the MSC attack by the Treasury. Read Full Story ›
	Contractors in Construction Face 'Horror Story' According to Federation of Small Businesses expert Charles McKerwn, the new CIS scheme is a 'horror story.' Read Full Story ›
	MSC Legislation Will Affect Relationships Between Contractors and Agencies The new legislation that penalises managed service companies will definitely affect the relationship between recruiters, agencies, and contractors. Here's what you should know. Read Full Story ›
	Contractors Find A One-Stop Shop at the PCG The Professional Contractors Group has launched a one-stop shop for contractors who seek professional advice in running their businesses. Read Full Story ›		Contractor Doctor: 24 Month Expense Rules A contractor requires some clarification on the 24 month expense rules. At what point does the rule kick in, and can the 24 month clock be reset with a new contract? Read Full Story ›
	Contractors: Take Care With Verbal Agreements It’s fine to have a verbal agreement with your client or agent - these are valid contracts. Just take care in how you handle them. Read Full Story ›		Contractor Calculator Market Report - May 2007 Demand for contractors remained high in April despite the slight economic slowdown in the UK. Read Full Story ›
	› Conservatives Seek To Protect Contractors from MSC Legislation Citing "Collateral Damage'' › PCG Offers Help to Contractors Under New CIS Scheme › Contractors Need to Know What is a Managed Service Company? › Contractors Still Under Attack By Organised Labour › Contractors Should Tread Cautiously With Their Providers › Contractor Doctor: Asking for Relocation Expenses › After the MSC Legislation What Should Contractors Do With Existing Contracts? › How Contractors Should Handle Ongoing Contracts › Contractors: Don't Wait To Seek Advice on MSC's › Contractors Need To Protect Intellectual Property › Contractors Advised to Avoid Offshore Activities › Dealing With Notice Periods Before Becoming a Contractor › CIS Rules Are Just More Paperwork for Construction Contractors › Contractors Must Choose Advisors Carefully
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