Prior to making the decision to the start up your own Limited Company, read our advice on managing your money;
Money management as a freelancer or contractor
Working for yourself as a contractor is exciting and can be hugely rewarding. With the autonomy and control comes a need to manage your affairs and finances. Think about the following money management tips to help you take control of your finances…
Other than confirmation that legislation will be introduced to restrict tax relief on travel and subsistence for contractors and freelancers working through intermediary companies (umbrella and personal service companies) there was little information within the Autumn Statement. As anticipated this means a further period of uncertainty until the draft legislation is published on 9th December.
Higher rates of pay, flexible working hours and the ability to choose which projects you work on are just some of the many reasons people choose to go contracting. If you do decide to move into contracting you’ll need to know how to best market yourself in order to stand out from the crowd in a competitive field. Let’s take a look at the most successful forms of advertising your services…
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Why is compliance important?
The recruitment industry and the management of contractors has presented challenges and concerns for some time. Industry doesn't like uncertainty and the use of intermediaries is governed by a complex web of rules, regulations and legislation. The level of confusion and lack of knowledge in the industry is understandable and this allows unscrupulous providers to survive and thrive. The perceived lack of enforcement seems to add a spirit of adventure and deceit which has resulted in a rising number of scams, contrivances and exposes.
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Here at Genie Accountancy, we love hearing from happy clients. Have a read of the below & find out why making the decision to move from umbrella to setting up their own limited company was the best route for one of our clients....
Contractors that earn over £150,000 were dealt a bitter blow in the
in July, as the Chancellor attempted to balance his cuts to welfare and benefits with a reduction in the pension allowance for Britain’s highest earners.
If you fall in to this highest pay bracket then you will have your annual pension allowance cut at a rate of £1 for every £2 you earn over that £150,000 threshold, effectively leaving those earning £210,000 per year with just £10,000 annual allowance from April 2016.
Business Development Director of Genie Education, Pras Desai recently featured in the latest edition of Recruiters supplement, ‘Managing Agency Workers and Contractors’ in a piece called ‘Servicing the Supply Teachers’.
We thought you might find it useful if we shared the questions (& answers) Pras went over, take a look…
Q & A's with Pras...