news

The latest news affecting contractors in the UK. Featuring the state of the contractor job market, IR35, and umbrella companies.

IR35 Protests Get Real

On a wet, rainy January, there is a distinct air of unease on the street. Metaphorically, of course, nothing ever quite so exciting happens here at UCHQ, the most we can expect is the intern screaming about her latest hair disaster or downvote on Instagram… or something.  But the IR35 debacle just refuses to go […]

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Being Fashionable Doesn’t Pay:

More doom and gloom on the high street this week, as troubled retailer Ted Baker revealed yet more misery. The fashion brand has revealed a huge £58m accounting discrepancy in stock valuation, more than double the £25m they had suggested just a matter of weeks ago.

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Yet More ‘Footballer in Tax Scandal’ News

Another year, another case of footballers and their tax affairs coming to the fore. This time, it appears to be a group of former professional footballers who are suing wealth management company St James’s Place for what they claim to be poor financial advice given to them by the company.

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No Change to IR35 Legislation after all

At the time of the general election, we were happy to hear that all of the major political parties said that they were going to do something to look at IR35. But here we are. It seems like every single election ever, it was just hot air and bluster to get our votes.  It’s happening, […]

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Self-Assessment Deadline is Looming

File your personal tax online? Well, just in case you’d forgotten, January 31 is fast approaching, and so without further ado, it’s time to get your tax return done. If you’re smart, you already use one of our amazing recommended accountants who has already completed your return for you, or has given you the data […]

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The End of the World as we Know it?

So here we are, year end (although not technically ‘year end’ financially for all of us). Not only that, it’s the end of a decade. And what a decade it’s been! The accountancy world has had more than its fair share of dramas, legislations, frauds and general buggering about that’s made the world of filing and paying tax ever more complex and painful.

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A Contractor’s Christmas

Depending on the nature of your contracting, Christmas week will either see you putting your feet up and enjoying a well-earned break with most of the rest of the UK population, with a scant few days off before starting back up on the 27th, or, if you are a nurse, carer, or shift worker, you […]

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What Will Brexit Mean for Contractors?

So, the election is over and (hopefully) everyone is looking forward to Christmas and a new year ahead of us. At this time of year, we like to reflect and review and plan for the coming year.

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Thinking of Merging Your Business? HMRC has New Guidance

HMRC has recently updated some of its regulations when it comes to company mergers.

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Small businesses need better forecasts

And we don’t mean its bloody cold and going to rain all week. In a world of pre-election, pre-maybe-Brexit and IR35 hoo-hah, being a small business owner has never been tougher, in the post-war era. At some point in time, it’s entirely possible that you may require funding. But how to get it? Lending to […]

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How to Build Your Contractor Brand

Working as a contractor is tough, as you likely already know. If you work on just a single contract at a time, you have the issue of not knowing when it may end, or risk sudden termination if the company gets into trouble or needs to make cutbacks, leaving you out in the cold.

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IR35 Changes Causing Concern

Another day, another IR35 bombshell that will shock nobody bar HMRC (probably). A new survey conducted by Robert Half has found that more than three in five senior decision makers are either very concerned or somewhat concerned that IR35 changes, due in April next year, will make it hard for them to attract temporary workers.

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Accountancy Lacks Diversity, Who Knew?

The accountancy sector has been going through a tough time of late. Under the spotlight for auditing issues, IR35 a topic on everyone’s tongues, and now, it’s a matter of diversity. And we don’t mean that dance crew.

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Goals on Sunday, Legal Action on Monday.

More football-related accountancy news this week, this time courtesy of Goals Soccer Centre, who were forced to delist from the AIM stock exchange earlier this year as a result of financial irregularities, and have just admitted that their business accounts mayhave been overstated by a whopping £40m, since 2009.

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  • Switch Accountants for FREE

    Switch Accountants for FREEAt K&B Accountancy Group we have introduced a simple and straightforward approach to changing accountants. We’re offering contractors, consultants and freelancers the opportunity to switch to K&B Accountancy Group for FREE without the need to pay for any ‘catch up’ or retrospective accountancy fees for the previous year’s accounts and corporation tax return* *T&Cs apply

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