The Duty of Care

Duty of Care

It is generally well understood that contractors owe a duty of care to the clients they are working for. What sometimes gets lost, however, is the duty of care that recruiters owe to the contractors they place.

The role of the modern recruiter extends well beyond simply finding the right placement for the contractors they look after. To summarise in a sentence: the role of consultancies is to make sure that their contractors are well-informed.

Whether it’s advice and guidance on IR35 legislation or a helping hand with contract management, the role of today’s recruiter is multi-faceted. Firstly, the recruiter must ensure that the contractor holds sufficient levels of insurance, in line with their contract and the requirements of their job role.

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IR35 reforms for private sector – consultation released

IR35

Businesses to be responsible for sorting out status disputes, notes Larsen Howie‘s new Head of Tax Andy Vessey

A little quicker off the mark than many had anticipated, HMRC have published the consultation document ‘Off-payroll working rules from April 2020‘ which will run for 85 days, closing on 28th May 2019.

Ostensibly, the off-payroll rules will mirror those currently in place for the public sector but with some tweaks. This is because the government acknowledges that the needs of private sector organisations are different to those in the public sector, and that the range of activities carried out are much more diverse.

The extension of the existing rules to cover independent contractor usage is due to begin on 6th April 2020, with the consultation making it clear that the public sector rules will serve as the starting point when the private sector rollout begins. This consultation period is intended to gather comments from stakeholders on the proposals put forward by HMRC. Here’s what you need to know.

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Self-employed make up almost 15% of UK workforce, new data shows

Self Employed

With talk of Brexit and IR35 reform dominating contracting and freelancing circles for some time now, the continued growth and success of the self-employed community is sometimes left behind.

But despite a backdrop of economic uncertainty and the unsettling influence of looming legislative reform that community has continued to thrive. Recently released data from the Office for National Statistics shows that the number of self-employed people in the UK rose by an impressive 63,000 to 4.84 million in the last quarter of 2018.

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EU settled status for contractors and freelancers

Settled Status

Amidst a still unclear Brexit picture, recently there was a piece of good news for EU citizens living in the UK. Theresa May announced that the Government would be abolishing the £65 fee for individuals to apply for settled status in the UK after Brexit. This is particularly welcome news for contractors and freelancers, as many employers were offering to cover the cost for their workers, whereas the self-employed would have to find the money from their own pockets. This blog takes a closer look at the process of applying for settled status if you are a contractor or freelancer. As we’ve seen from the past month or two, almost everything about Brexit is still up for negotiation and subject to change, but here is the advice as it currently stands.

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Brexit: What could it mean for contractors and freelancers?

Brexit

As the Brexit debate rumbles on in Parliament and the UK seems no closer to clarity on what Brexit will look like, many contractors and freelancers will be wondering about the impact that it will have on their businesses. Of course, it all depends on what kind of Brexit we end up with and the specifics of your industry. In this blog, we take a closer look at what the likely impacts of Brexit might be for contractors and freelancers and whether there are any sectors that might see benefits when the UK exits the EU.

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Fit and Flexible

Fit and Flexible

If you’ve spent the last few weeks trying and failing to make good on your New Year’s Resolution to get fit we might be able to help. It’s not always easy for contractors and freelancers to find time in already jam-packed schedules to get down the gym. And if you work from home, it’s not as simple as cycling to work, taking the stairs instead of the lift or getting off the bus a few stops early. But our businesses are only as fit and healthy as our bodies are, so how can contractors and freelancers make sure they get enough exercise?

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Choosing an Accountant

Choosing an Accountant

For contractors juggling busy work schedules, complex contracts and irregular payments, good accountants can be worth their weight in gold. Whether you are just starting out as a freelancer or if you’re an experienced contractor who’s dissatisfied with the service you’re currently receiving, we share our top tips on what to look for and the questions you must ask when choosing an accountant.

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The Slinky principle – When is the right time to expand your recruitment business?

Recruitment

A guest blog from Boomerang’s Paul Dewick:

Remember Slinky’s? They were essentially a long, very flexible spring that you placed on the top step of a set of stairs. Then you would slowly tip the top of the spring and, assuming you had positioned it right it would gracefully descend the stairs and settle at the bottom in a neat tube. If the positioning was wrong, then they would start well but gradually begin to slip off their centre of gravity and end up in a tangled disaster. In the worst-case scenario, the loops of metal would become irretrievably entangled, and you had to throw it away.

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Specialist broker Kingsbridge announces number of senior promotions

Kingsbridge Promotions

Tewkesbury-based specialist insurance broker Kingsbridge Contractor Insurance, part of the Kingsbridge Group, is pleased to announce a number of promotions within the organisation. In another success story for the fast-growing company, long-serving employees Thomas Wynne, Liam Green, and James Ledingham have been elevated into Directorial positions. All three have been involved in the business since its infancy, and have fulfilled a number of roles throughout their tenures.

Thomas moves from Business Development Director to Managing Director of KCI, taking over responsibility for all sales activities of the division. James becomes Operating Director of KCI, moving on from Head of Implementation. James will lead a number of key projects Kingsbridge has coming up in the future. Liam moves from Head of Underwriting to Underwriting Director, further expanding his responsibilities in the area of insurer relations and operations.

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Baby, it’s cold outside – running a home office

Home Office

It’s January, so the heating’s cranked up full blast and you’re having to work with the lights on. Most contractors and freelancers are aware that they can deduct expenses for running a home office from the profits of their business, but what exactly are allowable costs? This blog gives a quick rundown of the main things to consider and how to work out the numbers ahead of filling in your self-assessment return.

Exactly what you can claim depends on your business, your bills and how much and how often you work from home. We’d always recommend sitting down with a qualified accountant to help you crunch these numbers. But here’s an idea of some of the expenses that you might be incurring in the course of running a home office.

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