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A Cost Of Living Survey conducted by Mercers has revealed the most expensive cities to live in, both in the UK and worldwide for expatriates. The survey covers 214 cities across the world and measures the comparative cost of over … Continue reading
Home Secretary Theresa May has announced that the number of skilled workers allowed into the UK from outside the EU is to be cut, which posed the question, could this affect contractors? The cap will apply to highly skilled migrants … Continue reading
A contractor recently asked for some advice regarding a client not paying on time. The contract between the contractor and client stated 30 day payment terms but the client has been taking over 90 days to pay an invoice for … Continue reading
In an interview with the Daily Telegraph, Mark Prisk has signalled that IR35 could be abolished. Speaking after the emergency budget, the small business minister said the small business taxation review, which includes IR35, will commence this summer. The coalition … Continue reading
The emergency budget was this afternoon read by George Osborne and here at Independent Contractor Services (ICS), we have compiled a list of key points which are likely to affect all contractors, whether you are a sole trader, paid via … Continue reading
The emergency budget, which Chancellor George Osborne will announce today, (22nd June) has many commentators discussing what he will outline. Many expect VAT rises, capital gains increases and cuts in child tax credits for the middle class. Media within the … Continue reading
The Recruitment and Employment Confederation have launched their own toolkit to assist recruiters ensure they understand the Agency Workers Directive. The toolkit may also be useful for freelancers and contractors using an umbrella company. Umbrella company workers are thought to … Continue reading
HM Revenue and Customs have announced plans to scrap the seven-day ‘grace’ period for filing company tax returns and employers end-of-year returns affecting contractors working through their limited company. From March 31st 2011, these returns must be submitted to HMRC … Continue reading
At Independent Contractor Services (ICS), we may offer accountancy and administration services to contractors throughout the marketplace, but we are also interested in finding out why you chose to become a contractor. National Freelancers Day this year wants to highlight … Continue reading
Contractors can now compare how much they can earn through PAYE, an Umbrella Company or a Limited Company, with a new contractor calculator by Independent Contractor Services (ICS). The calculator, available at http://www.ics.me.uk/contractor-tax-calculator, is designed to be fast and simple … Continue reading
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