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Contracting News - Latest Updates: Page 58

Pre budget report: contractors dividend income under threat
In the wake of the loss of the Arctic Systems case, the Government is planning to change the ways in which contractors share dividend income. The Pre Budget Report warns of a consultation.

Contractors may keep the advance if wrongfully terminated
When a client or agency wrongfully terminates your contract, you can keep the advance even if the work hasn't started.

Contractors could benefit from provider audit scheme, JSA says
An audit scheme for contractor service providers that would declare them free of the taint of managed service company status could help the entire industry, Barry Roback of JSA says.

Contractor calculator market report - October 2007
Demand remains steady in the market despite subprime crisis.

PCG and work foundation team up to make the case for contractors
PCG and the Work Foundation are working together at the political party conferences to make the case for contractors.

The government takes a stand on contractors
Good news for contractors: the Government will not insist that contractors be treated as permanent employees, and the Government will crack down on rogue agencies.

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.

Providers for contractor companies may face audits, but not accreditation
HMRC is mooting schemes to accredit or audit service providers to contractor companies to ensure that they are not managed service companies. But there is no commitment to such a scheme, and consideration is just starting.

Contractors need reliable advice, says Barry Roback of JSA
As JSA's Barry Roback points out, contractors need reliable advice and can't get it from their agencies now that the managed service company legislation has kicked in. Accrediting service providers would offer a solution.

Contractors face continued european threat, PCG says
The TUC is still supporting the wrong version of the European Directive on Temporary Workers, and it's time they saw the light.

Contractorcalculator exclusive interview: new PCG managing director John Brazier
The new managing director at PCG will try to broaden the membership base of the contractor organisation. He will also explore forming alliances with other professional organisations.

IOD says simpler tax and late payment are biggest issues for contractors
A simpler tax system and late payment are among the most important issues for the new small business minister, according to a report by the Institute of Directors.

Contractor calculator market report - September 2007
August saw an impressive rise in demand, almost across the board. Engineering shows highest increase in year-on-year comparisons. Financial Services sector has largest demand.

Agencies improve profile with contractors
The decline in complaints by contractors about agencies could show that more agencies are improving practice.

For contractors banking does not get easier
Price controls on small business banking accounts have been lifted by the Competition Commission. That means your bank account will probably cost you more in the coming year. And banking is not getting any easier either.

Contractors find recruitment agency reliability in question
A survey shows that contractors are afraid to trust agencies.

Redwood: "we will turn back the clock entirely on IR35 and msc"
In an interview with ContractorCalculator, leading Conservative John Redwood announced a commitment to do away with both IR35 and managed service company legislation.

Contractors need a definition of self-employment
For John Kell, policy director of the Professional Contractors Group, the definition of self-employment will resolve many contractor taxation issues. Part of our thought leadership series on the way forward.

Tories should scrap IR35
The Economic Competitiveness Policy Group has proposed that the Tories should scrap IR35.

Contractors should choose limited companies if the fit is right
There is pressure in the industry on contractors to choose PAYE umbrellas for their businesses. Barry Roback of JSA shows that those for whom a limited company is a good fit should try one on.

Contractors in construction enjoy sellers' market
Contractors in construction are having a banner year with demand high and the pick of a slew of new projects, according to a report by Davis Langdon.

Contractors see continued demand in financial services despite subprime jitters
Although the subprime credit crisis has rocked the world's financial services industry, it is still standing, and still needs more contractors.

Tory offensive is good for contractors
Whether you vote Labour or Tory, the Tory small business offensive can only bring much-needed attention to contractor issues.

PCG survey shows contractors fear HMRC; call for safeguards
PCG survey shows contractors want improved tax law. PCG is also calling for the Revenue to be held responsible for rogue investigations.

Contractors should welcome 'flexicurity'
The European Confederation of Private Employment Agencies announces approval of the concept of 'flexicurity,' a combination of flexible employment and security which the European Commission is trying to develop.

Contractors should prepare for financial services security checks
Financial services providers, the biggest market for contractors in the UK, are stepping up security checks on contractor CVs. Contractors should be prepared.

Contractor calculator market report - August 2007
Holiday slowdown continues though some areas continue to see important demand.

Contractors should avoid taint of MSC brush, says lawspeed
Now that the managed service company legislation is in place, contractors should take specific steps to avoid risk.

Contractors could pay 10% more in the treasury’s Arctic Systems attack
The latest Treasury attack on contractors comes in the wake of the Arctic Systems Case and attempts to increase our tax burden.

Contractors who work with spouses need to understand arctic systems
The Arctic Systems case, which the Revenue definitively lost on July 26, does have an effect on how contractors run their companies.

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