Creditsafe yesterday unveiled research which revealed that more than 90% of firms have had to send invoices again and again over the past year because of clients’ tactics to delay payment for a contractors work. This has also affected contractors invoicing the client directly through their own limited company.
Contractors awaiting payment for work already completed [...]
Filed under: Contractor News | Tagged: Clients, Contractors, Credit Safe, Limited Company | Leave a Comment »
HM Revenue and Customs has confirmed that the rate of VAT for most firms will revert to 17.5% on January 1 2010, despite pleas for a postponement. HMRC said that all businesses, including contractors with limited companies, who apply the standard rate, will be affected by the move from the date.
From the first week of [...]
Filed under: Contractor News, Limited Company Service | Tagged: Contractor, HMRC, Limited Company, VAT | Leave a Comment »
Hamish McRae, writing for The Independent discussed how he believes there will be an increasing shift towards self-employment over the next few years. With the jobs market continuing to be hit hard by the recession, it has been suggested that enrolling on an electrical training course and becoming self-employed could be the way forward. [...]
Filed under: Contractor News, Independent Contractor Services News, Limited Company Service | Tagged: Independent Contractor Services, Limited Company, Self Employed, Self-Employment, Umbrella Service | Leave a Comment »
