Posted on June 22nd, 2010 by icsanna
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 an umbrella company or even run your own limited company.
These key points are;
Positive
Negative
The personal allowance [...]
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Posted on June 15th, 2010 by icsanna
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 freelancing and contracting as a lifestyle choice. On unveiling the focus for this year’s day, John [...]
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Posted on June 14th, 2010 by icsanna
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 to use. Contractors simply enter their daily [...]
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Posted on June 2nd, 2010 by icsanna
Independent Contractor Services (ICS) has moved to a new, larger, office in Lancaster.
John Lyon, Managing Director of ICS, comments, “Over the last few months we have experienced considerable growth in the numbers of contractors using our Limited Company, Umbrella and Sole Trader services.
“We are focussed on providing the highest levels of care and compliance to [...]
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Posted on May 20th, 2010 by icsanna
Contract Eye recently wrote an article about the advantages of disadvantages for contractors, of working though your own limited company or via an umbrella company.
A large proportion of contractors work via their own limited company, or via an umbrella company and they wanted to help contractors when they are deciding which option to use.
Many contractors contract via limited companies [...]
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Posted on May 19th, 2010 by icsanna
In line with the first National Freelancers Day, which was held on 23rd November 2009, Independent Contractor Services (ICS) ran a competition aimed at all contractors and freelancers. To be in with a chance to win a trip to Krakow, they simply had to enter a few details via our website.
The winner, Phil from North [...]
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Posted on May 17th, 2010 by icsanna
IR35 can often be complex and confusing for contractors and recruiters alike. In response to this, Independent Contractor Services (ICS) have created a page dedicated to explaining IR35 in simple terms.
We want to help you understand IR35 without getting confused by the legislation which came into force with the Finance Act of 2000.
Within the contractor [...]
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Posted on March 18th, 2010 by icsanna
Contractors working through their own limited company should be aware that from April 1st, 2010 all cheque payments for VAT, sent to HMRC by post will be treated as being received by HM Revenue and Customs on the date when cleared funds reach their bank account. It will no longer be the date when HMRC [...]
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Posted on January 26th, 2010 by icsanna
Incorrect tax codes may have been sent out by HM Revenue & Customs (HMRC) because of an error in their new PAYE system. These codes tell taxpayers how much their employers and pension firms will deduct in income tax in the coming financial year, 2010-11.
The Chartered Institute of Taxation (CIOT) has today called on HMRC [...]
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Posted on January 11th, 2010 by icsanna
The PCG’s managing director, John Brazier last week called for the next government to encourage freelancing as a flexible, innovative and entrepreneurial way of working. One of the benefits of freelancing is that it enables business to perform more cost-effectively.
“There needs to be a clear recognition of freelancing as a valid way of working,” Mr [...]
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