On top of this, changing ones mindset could have surprising benefits, as Seb continued:"Whether it’s subcontracting out work, having multiple clients at once and even holding business insurance, genuine contractors should think, act and operate as genuine businesses.
Source: News Formal (newsformal.com)
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IR35: HMRC updates rules on working through an umbrella company - 'this is a good start'IR35 changes were introduced in early April, which affected self-employed workers and contractors across the board. As employment tax rules were upended, some experts believed umbrella company usage would rise and on this, HMRC has issued updated guidance on working through these operations.
Source: Daily Express - 🏆 26. / 68 Read more »
IR35 changes to occur as Rishi Sunak pushes ahead - but ‘regret’ for self-employedIR35 CHANGES will occur despite some levels of resistance, as the Chancellor Rishi Sunak has seemingly pressed ahead, with no reference to the reforms in his Budget speech. Useless paki cunt.
Source: Daily Express - 🏆 26. / 68 Read more »
SEISS, IR35 & Bounce Back Loans: Rishi Sunak urged to 'nurture' self-employed in BudgetIR35, Bounce Back Loan and a number of self-employment changes have been called for ahead of this week's Budget. The self-employed have been hit particularly hard by the pandemic and as such, the Chancellor is being urged to consider the Spring Budget the 'Small Business and Self-Employed Budget' instead. Welcome to the community, new Bitcoiners. Make sure you follow lisaMakT She understand Bitcoin and have an unflinching optimism about it. She is for transparency and trust 💯 “Everything is good for Bitcoin.”
Source: Daily Express - 🏆 26. / 68 Read more »
IR35: Umbrella companies could be costing you & acting illegally - are they evading tax?HMRC will be altering IR35 rules in the coming months but the controversial tax measure has already had dramatic impacts on the economic landscape. The introduction of IR35 back in 2000 led to the emergence of umbrella companies which according to expert analysis are not only exploiting the system, but could be acting outright illegally. Yet despite repeated attempts to warn HMRCgovuk of unscrupulous Umbrella companies that are inevitably going to create more loancharge victims they and Jesse_Norman have ignored such warnings and failed to close such operations down 🤷♂️ Only HMRC could make such a complicated mess of rules governing a simple situation where a company wants to hire a freelance expert to work on a project of finite duration. It will not raise penny in additional tax, because behaviour will change.
Source: Daily Express - 🏆 26. / 68 Read more »
IR35 changes kick in next month - what HMRC’s new rules could mean for youIR35 changes are set to kick in from next month, and for many self-employed people it will be important to understand what this means for them.
Source: Daily Express - 🏆 26. / 68 Read more »