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IT and Finance Contractors Could See Increase In Workloads

IT and Finance Contractors Could See Increase In Workloads

Experis, a resourcing company, have recently revealed the results of research into the IT and finance contracting sectors, which suggests that almost 50% of permanent IT and finance staff in the UK would consider working away from the UK, which could mean an increase in workloads for contractors. The research confirmed that 700 permanent IT [...]

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Public Sector Staff Discovered Using Limited Company Loophole

Public Sector Staff Discovered Using Limited Company Loophole

New reports have caused uproar as it has been uncovered that more than 2,000 public sector workers have set up their own limited companies to be paid rather than being paid on government payroll. A letter was discovered and leaked to the public from the chief secretary to George Osborne which revealed the news. Contractors [...]

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Contractors Paid Less For Their Services

Contractors Paid Less For Their Services

The Management Consultancies Association (MCA) last week released figures confirming that IT and management contractors have been seeing their services undervalued in recent months with clients refusing to agree contracts without first knocking down fees. Yet the figures also show that even though contractors are being paid less for their services, the contracting markets grew [...]

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New Scam Giving Contractors A Bad Name

New Scam Giving Contractors A Bad Name

A new scam which has been uncovered in recent weeks has seen scammers presenting themselves as both the contractor and the client in order to attempt to have the agency pay them before they have received a payment from the client. Conmen have been contacting recruitment agencies posing as a client who has a contract [...]

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Government Contracts Still Not Being Won Say Contractors

Government Contracts Still Not Being Won Say Contractors

Small firms of contractors are claiming that they are still finding it difficult to win government contracts, even though the Cabinet Minister Maude has claimed that the measures put in place by the government to stop this problem are proving to be working. The measures put in place by the government last month included binning [...]

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Contractors Report Increase In Unpaid Invoices

Contractors Report Increase In Unpaid Invoices

A new report by Broadcast magazine has revealed that more and more contractors in the UK are suffering from unpaid invoices. According to the report, contractors in certain sectors are complaining of more than half a million pounds worth of invoices being unpaid by their clients. This is a quarter more than in 2011. Unpaid [...]

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Employer Annual Returns Due In May

Employer Annual Returns Due In May

Following the end of the tax year, contractors will be aware that is looming and submissions must be made by 19th May, and experts have released guidance for contractors in the UK that this deadline applies to. It is essential for contractors to first establish whether they are a service company, and if so they [...]

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IR35 Improvements To Be Released In May 2012

IR35 Improvements To Be Released In May 2012

HMRC have confirmed that on May 7th 2012 they will release a ‘business entity test’ and guidance notes in a bid to assist contractors to assess whether they are caught by the IR35 legislation which was introduced in 2000. At an IR35 forum which took place on April 26th, a HMRC spokesperson confirmed that the [...]

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Prime Minister Joins Tax Avoidance Row

Prime Minister Joins Tax Avoidance Row

The Prime Minister David Cameron appeared on the BBC on April 26th stating that he believes that HMRC are correct in their stance on contractors who set up a limited company for the sole purpose of avoiding high tax bills. He said that he would not have any personal dealings with contractors who were avoiding [...]

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UK Contractors Put Off Retirement Planning

UK Contractors Put Off Retirement Planning

A recent survey by The Open University revealed that more than one third of small business owners and contractors have passed aged 65 and still do not have a definite retirement date. More than 50% also confirmed that they have pushed back their retirement date due to the recent recession that has gripped the country [...]

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