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CEST exposed as hopelessly unreliable using HMRC's own test data obtained via FOI
CEST is exposed as hopelessly unreliable, after HMRC’s own test data obtained by FOI and used to back accuracy claims is shown to be incorrect.
�of 24 key employment status cases , including 18 IR35 tribunal cases, which it claims CEST was tested a� �s unlimited IR35 assessments, helping you to stay compliant with IR35, combined with insurance to protect aga�
Category: News | Wed, 01 Aug 2018

Contractor guide to understanding umbrella company payslips
Contractors receiving their first umbrella company payslip may benefit from help to understand the calculations, says Chris Futcher of Pulse Umbrella.
�f The Pulse Umbrella Group , payslips provided by compliant umbrella solutions providers will be transparent� �. Approved expenses are “ deducted from the gross contract income and set aside to be reimbursed outside of�
Category: Articles: Contractor umbrellas companies | Wed, 19 Dec 2012

ContractorCalculator: Contracting news in brief – 16/Jan/2015
News this week covers: election uncertainty; local authority contractors; oil & gas contracts; Welsh Assembly bans umbrellas; and tax return warning.
�“will work to tarnish the reputation of the many compliant and responsible companies working in the best int� �Contracting market at quarterly high, with election uncertain� �the falling oil price. BBC News reports that 100 contracts have been cut and 200 permanent roles are to go f� �find their contracts safe. More... US oil and gas contract opportunities to shrink in 2015 Oil and gas contr�
Category: News | Fri, 16 Jan 2015

ContractorCalculator: Contracting news in brief – 29/May/2015
News this week covers: Queen’s speech lends hope; global skills gap; top roles for contractors; retail at 27-year high & umbrella company shares all.
�erson Group, which claims "its services are fully compliant with UK tax laws". The scheme works by an agency� �t measures unveiled in Queen’s speech Contractors contracting direct and who regularly suffer from late payment� �ruitment firm BrightPool shows an increase in new contracts and jobs of over 20% following the referendum. An�
Category: News | Fri, 29 May 2015

Taking salary and dividends – best tax strategies
Contractors can tax efficiently extract earnings from their contractor limited companies by paying themselves a low salary and the rest as dividends.
�is the settlements legislation (Section 660) and IR35? The practice of sharing company ownership and th� �s unlimited IR35 assessments, helping you to stay compliant with IR35, combined with insurance to protect aga� �choose an accounting firm who specialises in the contracting industry and understands how to achieve this - se� �nd dividend option for the period of the relevant contracts, and must instead pay themselves everything via a�
Category: Articles: Limited Companies | Tue, 19 Dec 2017

Off-Payroll amendments could pose problems for payroll companies
The redefinition of intermediaries in the final amendments to the Off-Payroll legislation threatens to make umbrella companies redundant.
�ies and other payroll intermediaries, research by IR35 Shield reveals. Introduced to Chapter 10 of the I� �tax deductions, removing the opportunity for non-compliant payment intermediaries to enter the supply chain.� �e via an umbrella company for the duration of the contract. The supply chain now consists of the client, rec�
Category: News | Thu, 08 Oct 2020

Comparing taxes: contractors versus employees
Compared with employees, contractors enjoy only modest tax advantages and generate considerably more tax. Find out how you can help HMRC realise this.
�ount of taxes deducted is the effective rate. Why IR35 isn’t the answer to HMRC’s prayers Though the dif� �s unlimited IR35 assessments, helping you to stay compliant with IR35, combined with insurance to protect aga� �take from contractors and employees. How tax from contracting and employment income compares Let’s consider thi�
Category: Articles: Tax Issues | Mon, 03 Jun 2019

Umbrella Companies: How contractors can set up and use
Thinking of using an umbrella company for your contracting? These guides for UK contractors, freelancers and consultants tell you how to choose one and get started today. Find out more.
�olution is their best option. Umbrella companies, IR35 compliance & HMRC approval – contracto� �e important aspects to consider are: Are they tax compliant (avoid 'schemes' at all costs) Speed of processin� �se umbrella companies? So, you are ready to start contracting, have a contract offer, and have decided that usi� �s? So, you are ready to start contracting, have a contract offer, and have decided that using an umbrella co�
Category: Contents Pages

Contracting in 2015: experts predictions for contractors in the New Year
Contractors can expect 2015 to be action-packed, featuring an election, tax legislation, exciting opportunities and ongoing contracting sector growth.
�in demand in both the SME and blue chip sectors.” IR35 won’t change, but major tax changes could be ahea� �ve challenges they face will require creative and compliant solutions from service providers. With the ongoin� �and for their services. The ongoing growth of the contracting sector means the flexible workforce will become a� �r, Hays Construction & Property. “Experienced contract professionals remain a crucial resource to take o�
Category: News | Mon, 05 Jan 2015

Contracting stakeholders respond to the OTS Small company taxation review
Contracting experts offer opinions on new business model and taxation proposals put forward by the OTS in its ‘Small company taxation review’.
�that SEPA could cause with agency legislation and IR35 , Strike acknowledges that there is an argument f� �nt drain on contractors as they attempt to remain compliant: “As accountants, we spend a lot of time studying� �Contracting experts have given mixed reviews of the Office of�
Category: News | Wed, 23 Mar 2016

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