Latest Contractor News
Keep up to date with all the latest contractor news. We have written everything in plain English, so there’s no need to go to the overly complex HMRC website to learn about any tax and accountancy related updates.
Active job postings remain stable
REC: ‘While the data fluctuates from week to week, new jobs postings have averaged about the same level through the year, suggesting a pattern of strong and stable demand’.
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More clarity needed with umbrella contractors and new flexible working legislation
APSCo: ‘If umbrella companies, recruiters and clients have to consider an unexpected flexible working request on day one of an agency worker contract, it would have a financial and time impact on all parties and could potentially disincentive clients from using temporary workers’.
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HMRC names another umbrella company as tax avoidance scheme
IWORK: ‘I can see the temptation for people to join a scheme – some do so knowingly – but all too often they are hard-working people duped into it because they need the money. These schemes must be stamped out’.
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Thousands of families saved on childcare costs in September
HMRC: ‘We know childcare can be expensive so using Tax-Free Childcare can make a huge difference to household finances’.
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New HMRC app can help to save time for seasonal workers
HMRC: ‘Christmas is busy enough – especially if you have taken on a seasonal job - so anything which can save you time is to be welcomed’.
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Cost-of-living crisis holding first-time buyers back
Aviva: Despite resilient housing market activity, it now appears rising mortgage rates are dissuading many from taking that important first step onto the property ladder. In years to come, this will have a knock-on effect for younger people today’.
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Many older workers returning to work
CV-Library: ‘With many vacancies still unfilled it’s great news that a significant number of experienced workers are planning on returning to work’.
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Hiring activity remains at high level
REC: ‘Despite increased levels of employer caution, vacancies are still at historically high levels - it is still a good time to be looking for work’.
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