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Expenses consultation – contractors must act NOW
Contractors must act and respond to HMRC’s Employment Intermediaries and Tax Relief for Travel and Subsistence consultation, or lose their expenses.
�ments as if they were employment income. Although contracting experts conclude that genuine contractors and fre� �itive . It will force many contractors to decline contracts based more than a short commute away and complete�
Category:
News
| Tue, 15 Sept 2015
Contractor travel and subsistence expenses rules face wide-ranging Treasury review
Contractor travel and subsistence rules face another wide-ranging review, this time by the Treasury, which proposes further expenses tax relief cuts.
�ty for business could do no further damage to the contracting sector, we are now faced with the possibility of� �fices, tax relief on expenses is what makes these contracts possible, and not prohibitively expensive. What e� �ld only be claimed for the first 24 months of any contract. Furthermore, there are no proposed changes to ho�
Category:
News
| Mon, 28 Sept 2015
Simplifying expenses and benefits: government wants to know what contractors think
Contractors and services providers are being asked for their views on four new government consultations on simplifying expenses and benefits.
�Contractors, alongside their advisers and contracting service providers, are invited to contribute to f� �signment. This will benefit contractors on longer contracts with multiple renewals New rules for homeworking,�
Category:
News
| Tue, 24 Jun 2014
Contractors with home offices to benefit from new HMRC expenses guidelines
Contractors who spend time working in their home office are set to benefit from new guidelines published by HMRC this week.
�on of their fixed costs against their income from contracting. Such fixed costs will include: Insurance – if th�
Category:
News
| Fri, 20 Jun 2008
Contractors should lock in low mortgage rates as soon as possible
With lenders like Northern Rock clearly in trouble, contractors should move fast to grab good mortgage deals without delay.
�h allow the lender to evaluate contractors on per-contract income, as opposed to employees who prove their i�
Category:
News
| Tue, 25 Sept 2007
Remortgage market picks up with new opportunities for contractors
As the mortgage drought eases, contractors have wider remortgage options but an expert IFA says forward planning is essential.
�. This means that many lenders who don’t know the contracting market are nervous about lending to contractors.”� �st and insisting on a larger deposit. Multiple of contract rate According to the IFA expert, new models have�
Category:
News
| Mon, 15 Sept 2008
Contractors seeking mortgages must act before interest rate rises, warns expert
Contractors looking for mortgages or to remortgage need to take action now even if rate rises are not anticipated until 2016.
�ith lenders’ underwriters who similarly ‘get’ how contracting works,” continues Kang. “Most of our clients work� �. “However, contractors applying to lenders using contract-based underwriting should have few problems with�
Category:
News
| Tue, 28 Jul 2015
Contractors should take action on mortgages and investments now, or face 2016 delays
Contractors seeking mortgages or buy-to-let alternatives should contact their advisers now to avoid 2016 logjams, say two leading financial experts.
�to start actually subsidising their property with contracting income due to rising tax bills.” Kang believes th�
Category:
News
| Tue, 22 Dec 2015
Contractors seeking to mitigate the Stamp Duty surcharge impact must seek expert help
Contractors seeking to mitigate the impact of the Stamp Duty surcharge taking effect from 1 April 2016 need expert advice.
�tractors looking to buy a property close to their contract location.” The surcharge means contractors could�
Category:
News
| Thu, 31 Mar 2016
That was my idea
Have you got a great idea that could be worth millions to your client? Shut up, then!
�Typically, when we sign contracts to go work for Acme Plc or some such company, we’� �says “any good ideas you have while you’re under contract belong to us”. Most programmers are smart, creati�
Category:
News
| Fri, 20 Jan 2006
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