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46% of contractors have increased rates 2022 leaving many worring about poor cash flow

According to new research released by Cool Company, the digital payroll solution for contractors, nearly half of all contractors (46%) have increased their client rates in 2022, with more than… The post 46% of contractors have increased rates 2022 leaving many worring about poor cash flow appeared first on London Business News | Londonlovesbusiness.com.

Fresh evidence shows HMRC’s IR35 tool is failing firms

IR35 Shield has proven that HMRC’s Check Employment Status for Tax (CEST) tool contains fundamental flaws that expose users to considerable risk. The evidence compares failed legal arguments made by… The post Fresh evidence shows HMRC’s IR35 tool is failing firms appeared first on London Business News | Londonlovesbusiness.com.

Freelancer pay hits their highest levels since the EU referendum, but ‘confidence slumps as IR35 acts as a sword of Damocles’

New research from the Association of Independent Professionals and the Self Employed (IPSE) has today revealed that freelancers’ average quarterly earnings soared in Q4 2021 to its highest level since… The post Freelancer pay hits their highest levels since the EU referendum, but ‘confidence slumps as IR35 acts as a sword of Damocles’ appeared first…

IR35 seen as ‘biggest threat’ to £300bn contracting sector in 2022

Despite confidence beginning to return to the contractor market, recently enforced IR35 reform in the private sector is seen by the majority of contractors as the biggest threat to their… The post IR35 seen as ‘biggest threat’ to £300bn contracting sector in 2022 appeared first on London Business News | Londonlovesbusiness.com.

IR35 survey sees rise in contractors being assessed whilst trust in HMRC’s CEST status tools falls

More findings from The IR35 Impact Survey carried out by compliance firm IR35 Shield has shown a significant rise in the number of contractors now being assessed under the new… The post IR35 survey sees rise in contractors being assessed whilst trust in HMRC’s CEST status tools falls appeared first on London Business News |…

Business continuity is at risk in 2022 as contractors become increasingly unwilling to take inside IR35 roles

Business continuity is at risk in 2022 as contractors become increasingly unwilling to take inside IR35 roles. That is according to the latest research from specialist insurance broker and IR35… The post Business continuity is at risk in 2022 as contractors become increasingly unwilling to take inside IR35 roles appeared first on London Business News…

93% of contractors have considered using an umbrella company in 2021 to avoid IR35 impact

The introduction of the new IR35 legislation in April 2021 was met with trepidation. Devised to combat tax avoidance in the contracting workforce, many viewed it as the death knell… The post 93% of contractors have considered using an umbrella company in 2021 to avoid IR35 impact appeared first on London Business News | Londonlovesbusiness.com.

Are you inside IR35? Here’s the latest guide for freelance contractors

New tax rules for freelance contractors and their clients came into force in April 2021. IR35, or ‘off-payroll working rules’, have caused confusion for contractors and the businesses that hire… The post Are you inside IR35? Here’s the latest guide for freelance contractors appeared first on London Business News | Londonlovesbusiness.com.

Contractors concerned that IR35 rules will change again in the near future

According to new research conducted by Cool Company, the UK’s contractors are concerned that there will be more uncertainty around IR35 regulations in the near future. 74% of those surveyed… The post Contractors concerned that IR35 rules will change again in the near future appeared first on London Business News | Londonlovesbusiness.com.

Over half of contractors plan to move into permanent employment to escape IR35 reforms

Over half (56%) of contractors are planning a move to permanent employment due to the IR35 reforms which came into effect earlier this year. The study by leading small business insurance… The post Over half of contractors plan to move into permanent employment to escape IR35 reforms appeared first on London Business News | Londonlovesbusiness.com.

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