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Shout99 - the network for freelancers
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Shout99 provides a free news and information service to help freelancers run their businesses. This week our stories include overdrafts, growth of interim management, freelancers wishlist for the Budget, and is a move to rename National Insurance the start of the merger of NI and income tax.
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Banks could switch off the overdraft facility for small and medium sized businesses at any time, as indications show this traditional form of finance is on the decline.
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Trade associations are being urged to make the case to reform specific regulatory burdens on business - and the Government is offering finance to help them prepare their evidence.
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If a company has a well written contract and good working practices that keep it outside of IR-35, is it possible to claim expenses (e.g. travel & accom) beyond the 2 year period. Most contractors I know believe they can claim for 2 years max, then it's lost until they move on.
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Nearly nine out of ten of the interim management provider community are optimistic about the growth of the sector for 2014.
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Migrant entrepreneurs are behind one in seven of all UK companies, as nearly half a million people from 155 countries have settled in the UK and launched businesses. Among the small/medium size sector (SMEs), migrant-founded companies are responsible for creating 14 per cent of all jobs.
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The taxman has warned health professionals such as physiotherapists and psychologists, many of whom operate on a freelance basis, that they are running out of time to bring their tax affairs up to date on the best terms possible under a campaign.
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Freelancer trade group, the PCG, has called on the Chancellor to take the opportunity of his forthcoming Budget to back Britain's independent professionals.
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HM Revenue and Customs has taken a record £122 million in extra tax in the last year from investigations into construction contractors, up 55 per cent on the £78.9 million it took a year earlier.
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Agency representative group, the REC has submitted evidence to the House of Lords Science and Technology Committee on international STEM graduates and the problems which immigration rules cause in terms of trying to place them in suitable roles.
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