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New pensions proposals announced by officials
14 May 2013 read >>Pensions minister Steve Webb has revealed a new proposal that would prevent people’s pension pots from being eroded by consultancy charges. Under the new scheme, workers automatically enrolled into workplace pensions would not have their money reduced because of payments to consultants. Under the current system, advice can be provided to employers and the resulting fees are taken out of emp......
Which? warns Post Office over account charges
14 May 2013 read >>There has been a lot of talk about the lack of current account options on the high street, with a few financial giants taking the lion’s share of the market. The Post Office's announcement that they were to open current accounts was welcomed, but now consumer group Which? has warned the company after it was revealed that two of the trialled accounts have a monthly charge. Currently, the Post Offi......
BCC call for further deregulation
13 May 2013 read >>There was welcome news last week when it was unveiled that contractors working on their own would no longer be subjected to health and safety laws. However, the British Chambers of Commerce (BCC) have said that they want to see more deregulation so that the small and medium sized enterprises (SMEs) sector can thrive and push the economy back into growth. David Kern, the BCC’s chief economist, sai......
Legal experts stand by IR35 warning
13 May 2013 read >>It was revealed last month that HM Revenue & Customs (HMRC) could access the advice provided to contractors who were seeking clarification on IR35 rules. Now, legal experts have stood by their warning after three former inspectors said that the advice had been misleading. Martyn Valentine, an expert in IR35 rules, said that “accountants and insurers should at least explain to their clie......
Advertising spending continues to rise
10 May 2013 read >>The latest figures have shown that spending on advertising has now risen to £17bn. Contractors and small companies working in the marketing and creative industries are likely to see increased workloads as UK businesses seek to advertise their goods and services. It has been revealed by the Internet Advertising Bureau that Britain’s Olympic year in 2012 led to the highest level of spending on adve......
Graduates attracted to start-ups and SMEs
10 May 2013 read >>It has been revealed that graduates are particularly attracted to working for start-up companies or small and medium sized enterprises (SMEs). One online recruiter has said that SMEs are “missing a trick” if they don’t consider newly qualified professionals for jobs, with expert Mike Fetters explaining that graduates offered a lot of skills and knowledge for businesses to take advantage of. Mr Fe......
Interim manager demand rises
09 May 2013 read >>Despite experts suggesting that the confusion over IR35 rules might affect those in management roles, it has been revealed that the demand for interim managers is on the rise. This could lead to many opportunities for freelancers. The Interim Management Association unveiled new research showing that contractors could benefit from the increasing need for high-level staff.During the last three month......
Contractors in creative industries voice concerns about bullying
09 May 2013 read >>A new report by the BBC has shown that many contractors working in creative industries are worried about speaking out against bullying. Many professionals working in the entertainment and media industries work under freelance contracts and they fear talking about harassment in the workplace because it could lead to less work being offered.A BBC report found that many freelancers had particular dif......
MPs call for Finance Bill amendment
08 May 2013 read >>It has been revealed that 18 MPs spanning five political parties have called for George Osborne, Chancellor of the Exchequer, to amend a new tax law change that is due to come into effect during this summer’s Finance Bill. A retrospective tax law change in BN66 is to make changes to a current double-taxation treaty and could result in many contractors being forced into bankruptcy. The arrangement......
Contractors lack knowledge of funding schemes
08 May 2013 read >>It has been revealed that many contractors may be missing out on funding schemes that could help them find investors and grow their businesses. Funding can be extremely difficult to find, and even though the government set up the Funding for Lending Scheme (FLS) to help ease the flow of cash, many people are still finding it hard to access vital investment. However, there is a lack of knowledge ab......
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