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Contractors urged to take care with transferred IR35 debt

19 September 2014

The rules regarding IR35 are complex, and many people seek independent help when it comes to matters related to this legislation. One area of interest for many is what happens to potential IR35 debt if they close their company. In such a situation, contractors no longer have business assets to settle the repayment with and might have to pay at personal expense. In specific instances, HM Rev......


Scottish jobs see positive August performance

19 September 2014

Figures have shown that jobs north of the border performed extremely well in August. The Report on Jobs from the Bank of Scotland showed the rating for the recruitment sector dropped only slightly from Julyís 67.3 to 67.1. Any score above 50 shows significant improvement, shedding a positive light on the Scottish job market despite the current political state. Donald MacRae, the Bank of Sco......


Scottish Independence could change cost of living

18 September 2014

British politics is filled with the debate on Scottish Independence at the moment, and with the referendum happening on Thursday September 18th, the UK will soon know whether Scottish people vote yes or no to breaking away from the rest of the country. There are many aspects to be considered besides how the Union Jack will be altered, including the p......


Scottish independence could affect employment market

18 September 2014

Britainís biggest story at the moment is whether Scottish Independence will go ahead. If the people of Scotland vote yes during the referendum on September 18th, it could have important consequences for the job market for the rest of the UK, which would affect both permanent employees and contractors. For contractors currently working in Scotland, careful attention will have to be paid to ......


Hiring intentions amongst SMEs reach all-time peak

17 September 2014

New data has shown that the hiring intentions of small and medium sized enterprises (SMEs) have reached an all-time high. The Federation of Small Businesses (FSB) said business confidence in the sector had gained considerably over the past quarter, with many looking to take on new staff. Over the past three months, optimism has gained considerably;......


HMRC begins sending first accelerated payment demands

17 September 2014

It has been revealed that HM Revenue & Customs (HMRC) have now begun sending out accelerated payment demands. This means that it is even more important for contractors to remain tax compliant. Individuals should utilise the services of freelancer accountants if they require help to ensure they remain compliant and wonít face any nasty surprises from the tax authority. HMRC has now bee......


August sees reduced pace of jobs growth

16 September 2014

While the economy is still thriving and the number of vacancies is increasing, it has been reported that August noted slowed growth in job creation. Reedís Job Index showed a 3 per cent decline in the number of opportunities available. The index analyses job vacancies every four weeks and compares the figures to those of the previous months. In their August figures, it was found that the c......


Treasury to collect views from self-employed

16 September 2014

Ahead of the Autumn Statement, it has been revealed that the Treasury are to collect the views of those in self-employment. With government policies being discussed, officials want to collect as many opinions as possible to help guide new legislation. Therefore, it is the ideal time for contractors to have their say before George Osborne, Chancellor ......


New vacancy figures reaching late 90s levels

15 September 2014

In 2014, the number of job vacancies has grown considerably, helping the economy thrive and getting many people back into work. In the latest figures from the Recruitment and Employment Confederation (REC) and KPMG, it was shown that the demand for new staff is now at levels last seen during the 1990s. Currently, both private and public sectors are......


Women to overtake men in skillsets by 2020

15 September 2014

Despite ongoing concerns regarding skill shortages and gender pay gaps, the UK Commission for Employment and Skills (UKCES) shows that women are likely to overtake men when it comes to being skilled. By 2020, it is believed that 49 per cent of women will have equivalent qualifications to a degree at minimum, overtaking the current figure of 38 per cent. With this in mind, it is likely that ......


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