Contractor News Roundup: July 2020
This week sees the founding of a new group which has been formed in order to ensure that the voices and needs of those who work for themselves will be adequately represented in Westminster. The snappily named All Party Parliamentary Group for Self Employment and Freelancing will have David Morris as its chair, the MP who was appointed as the UK’s tsar for self-employed workers and independent professionals of all types.
The group is designed to provide a voice for those who work for themselves, ensuring that the government have a full understanding of the economic contribution that they make to the UK and the unique set of challenges that they face in the course of doing business. The Association for Independent Professionals and the Self Employed has been appointed as the group’s secretariat and are in full support of the group, saying that the coming months will be a crucial time for all those who work for themselves.
With the number of people opting for self-employment falling consistently over the previous six months, there has been some concern that the efforts of HM Revenue and Customs to clamp down on expenses have put people off contracting and engaging in other entrepreneurial efforts. The side effects of this could be devastating to UK businesses as fears grow that the skills gap could be widened, leaving companies unable to fulfil the increasing demand for their services.
Contractors who are concerned about the best way to organise their finances to ensure that they take home as much as possible can use our take home pay calculator to ascertain how much they could be earning. We also have a range of handy guides which can help you get to grips with things such as contractors’ expenses and the advantages and disadvantages of a limited company, so you can gain a better understanding of the best way to make a success of your career as a contractor.
If you want some more specific advice on how to manage your money, save yourself time and take home as much of your contract value as possible, our expert team can help you with advice and information on all aspects of working for yourself. Call our experienced and friendly team today on 01442 275789 or email email@example.com for details of our fixed-fee packages.
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