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Cutting IT contractors’ rates may backfire on the banks, costing them more
ContractorCalculator asks if the widely reported IT contractor rate cuts by major players in the financial sector are premature and will ultimately leave banks with lower quality development teams.
…ifficult market conditions." A buyers’ market for contracting ContractorCalculator’s June Market Report reveale… …weeks to agree and implement the cut or see their contracts terminated. Head of Communications for Europe, th… …e clients cut 10% of the less able contractors at contract renewal time, kept the remainder on the same pay…
Category:
News
| Fri, 13 Jun 2008
Contractorcalculator market report July 2008
Despite evidence of a slowdown in some contracting sectors, such as IT, there are still no crystal clear indicators about the direction of the UK economy and the overall market for contractors.
…eems to show a reduction in overall growth of the contracting sector, rather than evidence of it shrinking. Fig… …est June was a quiet month, with the number of IT contracts falling by 5% on the previous month. And contract… …tractors at the ‘coal-face’ have been telling us: Contract opportunities in IT have performed well so far th…
Category:
News
| Tue, 08 Jul 2008
ContractorCalculator market report August 2008
No news can be good news so, with holiday season underway, contractors can take comfort that predicted cuts in contracts have not materialised.
…of them to seek alternative ways to manage their contracting. At a seminar organised by legal consultancy Laws…
Category:
News
| Tue, 05 Aug 2008
Contractors resilient to credit crunch
ContractorCalculator’s latest survey of contractors reveals that the credit crunch is having a limited impact on the livelihoods of most. Some respondents fear the worst is yet to come, but most predict a stable future.
…The resilience of the contracting sector during times of tough economic choices, su… …t and look elsewhere, it appears that finding new contracts is becoming less easy. When asked how hard it is… …of those contractors surveyed are currently in a contract, with 28% of the remainder actively seeking work…
Category:
News
| Mon, 11 Aug 2008
Budget 2020: Off-Payroll Tax to go ahead, signals Chancellor
The Off-Payroll Tax will be extended to the private sector on 6 April 2020, the Chancellor of the Exchequer announced during this afternoon’s Budget.
…hat 52% of firms are losing at least 50% of their contracting workforce due to the Off-Payroll Tax. “Contractor…
Category:
News
| Wed, 11 Mar 2020
Maternity rights to be stripped from self-employed women under new Conservative law
Ten’s of thousands of female self-employed professionals will have little to celebrate on International Women’s Day this Sunday.
…recent survey of 12,237 contractors conducted by contracting authority ContractorCalculator , to understand th…
Category:
News
| Sat, 07 Mar 2020
Lords committee invites contributions to inquiry into Off-Payroll Tax
Affected parties are encouraged to contribute to a House of Lords Finance Bill Sub-Committee into the damaging Off-Payroll Tax.
…FF Research . The report was widely criticised by contracting stakeholders , with many arguing that the conclus…
Category:
News
| Thu, 06 Feb 2020
Contractor protection ‘time bomb’ threat grows, created by rapid structural growth
Contracting’s structural growth of new contractors who are uninsured and unprotected is creating a protection ‘time bomb’.
…Contracting is growing rapidly and creating a life insurance… …y explains: “A contractor who is only planning to contract for a few years and then return to employment may…
Category:
News
| Thu, 30 Apr 2015
Contractors can cut dividend tax by shifting life insurance costs into their company
Contractors can ease the blow of dividend tax changes and save corporation tax by moving life insurance into their company.
…corporation tax savings. “Many contractors enter contracting with legacy life assurances they took out when em…
Category:
News
| Wed, 04 May 2016
Contractors incorporate limited companies primarily to reduce risk, shows HMRC survey
Contractors choose to incorporate primarily to reduce risk, shows research by HMRC that fills knowledge gaps revealed during the Lords’ PSC inquiry.
…n. HMRC’s research also dispels one commonly held contracting myth that the administrative burden of incorporat… …y and because they would otherwise not be offered contracts by clients and agencies that contractors chose to… …l Insurance Contributions savings (NICs), to meet contract obligations and to enhance credibility. This is a…
Category:
News
| Thu, 09 Oct 2014
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