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Newsletter 463: A Budget for small business - but not freelancers

by Newsletter Editor at 10:20 22/03/16 ( Shout99 Newsletter)

Freelancers and contractors were left feeling like the poor relation of the small business community after the Budget.

While it was generally welcomed as a boost for small firms on business rates and corporation tax, the freelancing sector was feeling down about what was in it and what wasn't in when it came to their business model. As had been speculated in the media, employers and agencies will have to take on the responsibility for deducting tax and NI from public sector contractors...and there were concerns that this would be the thin end of the wedge and it would eventually spread to the private sector. There was also annoyance that pleas to think again on the abolition of the travel and substance relief had fallen on deaf ears. Reports on all issues relevant to freelancers and small businesses - and expert reaction and analysis - are available in the Political News section of Shout99. ********************************** Advertisement - Cogent Accountants ********************************** Advertisement At Cogent, we have a simple but powerful rule: Always give clients more than they expect to get. You deserve the best of both worlds, so we provide you with the latest technology to access your finances AND the very best support including strategic planning, to save you money. Take a look at our unique guarantee. ********************** Other news in Shout99 ********************** Brexit could cause problems for contractors APSCo backs call for strategic review to end raw deal for contractors Simplifying tax for small companies Government urged to grasp the nettle on Income Tax/NICs alignment Aligning national insurance and income tax Contractor opportunities on the increase HMRC collects extra £3.5bn from SMEs for VAT underpayment Campaigners urge delay to national insurance changes Research reveals confusion about new T&S rules Ask An Expert, our expert panel answers questions from freelancers, including agency mark-up rates; and salaries, pensions and dividends. Letters from Freelancers opens up discussions on a number of subjects of interest to freelancers. The Clubhouse is an area for 'off-topic' discussions. ******** Twitter ******** For the twitters and tweeters among our readers, you can follow Shout99's headline news on Twitter. ************************ Shout99 - Newsletter ************************ Please forward this newsletter to any other freelancer or small businesses who may be interested in news and information related to running a small business. You can subscribe to receive your own free copy of this newsletter on the home page of Shout99. Susie Hughes, Editor Newsletter 463 Shout99 - the network for freelancers Tweet

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