Brookson News

  • IR35 CHANGES ANNOUNCED IN THE PRIVATE SECTOR The most important announcement impacting the professional contracting sector in today’s Autumn Budget, was not specifically referenced by The Chancellor in his speech but was buried in the details published following the speech.

  • Working through your own Limited company or as an Umbrella? Which is better for you? A question many, if not all contractors go through when starting out. If you’re new to contracting having the choice between the two can be a big choice and it’s best to know the difference before moving forward with one.

  • One of the benefits of working as a limited company contractor is the opportunity to claim tax relief on a wide variety of business related expenses. Whether the expense is paid for out of the company bank account, your personal bank account or on a credit card you should consider whether it qualifies for tax relief and if so ensure this is correctly claimed against your company tax bill and your VAT liability (if you are registered as standard rated for VAT).

  • With the recent changes to IR35 in the public sector taking hold, thoughts often turn to whether the same changes will take hold in the private sector.

  • We all know that in this day and age technology makes the world go round, and for the majority of us, without it we would be lost. We have all become reliant on technology to get us by in everyday life, with certain professions being more reliant than others.

  • We are now 6 months on from the IR35 changes made in the public sector – how time flies when you’re having fun! It feels to me like we are starting to emerge from the chaos these changes have caused and can take stock to refresh on what the rules mean and the implications they have had.

  • Saving for retirement as a contractor requires significant planning and shrewd budgeting, but it is not as challenging as many self-employed professionals may fear.

  • On 22nd November 2017 Philip Hammond will present the Autumn Budget, his second major fiscal event of the year. With Brexit on the horizon, The Chancellor has some tough decisions to make

  • Now we have both the final* tax and NIC legislation regarding IR35 in the public sector I can now start to see what the new regime will look like from a practical point of view.

  • The recent legislation changes to IR35 in the Public Sector have the potential to affect a wide range of contractors. The new rules place the responsibility for determining whether or not IR35 applies to a worker on the Public Sector client they are working for.

  • The Chancellor of the Exchequer, Philip Hammond, has today presented his first and last Spring Budget. With this being the last Budget to take place in the Spring, many commentators expected the measures announced to be relatively low key.

  • HMRC has made available the draft legislation regarding how IR35 reform changes will be applied for public sector engagements, as announced in the Chancellor’s Autumn Statement. Alongside the legislation, HMRC has also produced a technical guidance note to support the interpretation of the legislation.

  • HS2 looks to introduce more contracting jobs The government has outlined its planned route for Phase Two of the High Speed 2 (HS2) railway network.

  • Autumn Statement Key Outputs The Chancellor of the Exchequer, Philip Hammond, has today presented his first Autumn Statement to Parliament.

  • With only a week to go until Philip Hammond’s first Autumn Statement we wait with bated breath to see what the new chancellor will announce on Wednesday November 23rd and how his offerings will impact the UK’s contract workforce, writes Victoria McDonnell, a manager at contractor accountancy firm Brookson.

  • Supply chain compliance has recently become the hottest topic among most of the recruiters we work with. For the 15 years that I have been involved in the sector, there have always been challenges associated with legislative change impacting all of us involved in the supply chain of flexible labour.

  • The Office for National Statistics (ONS) has just released its latest bulletin highlighting the changing state of employment in the UK. The 'UK Labour Market: October 2016' report has found that the number of British people working for themselves has continued to rise; something that has been praised by key industry bodies.

  • A recent survey conducted by Markel - a UK-based specialist online insurer for professionals - has reported some very interesting statistical findings for those interested in becoming their own boss.

  • The changing nature and innovative trends of digital technology means it has become heavily incorporated into all aspects of our everyday lives, including business. However, this has meant that we are now more prone to potential cyber-attacks, and business owners are not an exception.

  • Speaking at the Tory party conference in Birmingham, chancellor of the exchequer Philip Hammond has given away some clues as to what contractors can expect from the Autumn Statement.