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Exclusive: return of income shifting to directly target contractors
The Treasury's income shifting proposal, which we all hoped would go away, is coming back, and it's expected to target contractors.
�afting that the other attacks on contractors like IR35 and Managed Service Company legislation have purv�
Category:
News
| Mon, 28 Apr 2008
Contracting in Australia: comparisons and lessons for UK contractors
Contracting in Australia has many similarities to the UK sector, and some notable differences, says Ken Phillips of Independent Contractors Australia.
�mplement tax framework. When compared to the UK’s IR35 services sector, Australia now has a relatively s� �Contracting in Australia shares many similarities with what c� �f-employed if they are working under a commercial contract. However, as in the UK, Australian lawmakers have�
Category:
News
| Tue, 10 Jul 2012
Taxes are an expense contractors can limit; so who’d be taxed as an employee?
A contractor can quite legally minimise the expense of taxes paid as a reward for the risk taken by being in business and not employed.
�all is that, assuming you are working outside of IR35 through your own limited company , you can legall� �ract, you are earning so much more. If you can go contracting, then why on earth would you want to be remain a� �the flexibility to take as much time off between contracts as you like and can afford. And you can probably� �f you fancy it, because when you are working on a contract, you are earning so much more. If you can go cont�
Category:
News
| Mon, 19 Jan 2009
Ask not what your professional body can do for you…
As the Professional Contractors Group launches a new contractor survey, it is useful to reflect on the value industry organisations can add.
�set up to act as a coordinated opposition to the IR35 proposals. Imagine where we would be had the PCG� �hopes will provide valuable insights into today’s contracting sector. Just as the instinctive thought, ‘oh not� �twork and so increase the chances of winning more contracts. And for many, contracting and freelancing can be�
Category:
News
| Tue, 20 Jan 2009
It’s contracting, Jim, but not as we know it. May the flexiforce be with you…
Enter the ‘flexiforce’. Or is it return of the freelancer? The debate rages over the future of freelancing, and, erm, what we should be called.
�y one delegate asking whether his introduction of IR35 had been justified. Whatever it’s called, Jim, do� �ging those who have not yet taken the plunge into contracting (or freelancing, or flexi-forcing, or whatever yo�
Category:
News
| Fri, 27 Nov 2009
Contractor insurance – don’t leave home (or work) without it!
Tempting as it is, contractors should think twice before cancelling insurance, because the past has a habit of sneaking up and biting you on the bum!
�inspection, which could develop into a full-blown IR35 inspection, and you will be supported throughout.� �e entering a period of considerable change in the contracting industry. This means contractors are moving to pe� �ies for a year, others are out of work. When in a contract and when times are good, most contractors have pr�
Category:
News
| Tue, 10 Feb 2009
Budget 2010: And the punchline is…?
Empty rhetoric has been elevated to an art form by Chancellor Alistair Darling, who spun us all a great Budget yarn but failed to deliver a punchline.
�rims – have been consistently legislated against. IR35 was the first major blow, followed by a steady st�
Category:
News
| Fri, 26 Mar 2010
IR35, tax avoidance and Ed Lester: a potent mix threatening contractors’ livelihoods
Contractors are right to be worried by interim management contractor Ed Lester’s trial by media, because an unjustified backlash might be the result.
�ster’s arrangement ‘looks just like’ he is inside IR35 BBC News claimed that Lester’s pay was “channelle� �good track record for turnaround projects. He was contracted on an interim basis via a well regarded interim a� �y coming under increasing criticism for running a contracting business. So why be worried? Well, for a multitud� �erims are routinely hired on this basis, nor that contracts of this kind are a commonplace commercial arrange� �tial appointment, Lester went on to renegotiate a contract renewal lasting two years. Would you agree that,�
Category:
News
| Fri, 03 Feb 2012
AWR’s impact on contracting has so far been minor, but a Y2K moment could be looming
Contractors have so far remained relatively unaffected by the Agency Workers Regulations, but that could soon change, suggests a survey by APSCo.
�er fall in take-home pay than if they were inside IR35 . The next few weeks may well set the scene for t� �Contractors and the contracting sector have so far remained relatively unaffected� �that clients “are looking to ‘buy people out’ of contracts” to transfer them to fixed-term contracts or even� �mpany contractors, particularly if the fixed-term contract model gains favour with clients. Contractors forc�
Category:
News
| Sat, 14 Jan 2012
Threats into opportunities: being forced into contracting can be a positive move
Workers entering the contracting sector unwillingly will often turn the threat to their livelihoods into career opportunities.
�ecade ago, and a contractor can be trading via an IR35-friendly contract within a matter of days. Member� �Contracting is gaining many new recruits who can’t find work� �to resign and then take temporary and fixed-term contracts, as ‘quasi-contractors’. But for each horror stor� �a contractor can be trading via an IR35-friendly contract within a matter of days. Membership organisations�
Category:
News
| Mon, 26 Sept 2011
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