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Common Questions Answered

Frequently Asked Questions

At Kingsbridge, we often get asked certain questions time and time again. We don’t mind of course – that’s why we’re here. In fact, we thought it might be a good idea to put some of those questions up on the blog so you’ve always got the answers to hand when you need them.

Does the client not cover my insurances?

As you are not a permanent employee of the end client you would not be covered under their insurances unless specifically stated otherwise in your contract. If you make a mistake or damage something the end client is the most likely party to make a claim against you. In addition as a limited company you are your own entity and are not supposed to be under the supervision or control of the end client. Having your own insurance is a key IR35 indicator as it demonstrates you are a bonafide company and fiscally responsible for your own risk.

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IPSE Policy Conference

IPSE Policy Conference

26th April saw the annual IPSE Policy Conference take shape on its greatest stage yet. Attended by luminaries from the worlds of politics and industry, as well as IPSE members and thought leaders from a variety of sectors, the conference was a great success. From David Cameron’s introductory speech to Small Business Minister Anna Soubry’s impassioned defence of the self-employed, it’s clear that the political heavy hitters are taking more notice of contractors and freelancers than they ever have before.

Julie Deane, author of February’s excellent, government-commissioned Self-Employment Review and founder of The Cambridge Satchel Company, also spoke, reiterating her views on how important the self-employed are to the economic landscape in the UK, and noting how freelancers contributed £109bn to the economy last year. You can read more about what happened on the day courtesy of IPSE here and Pulse Accounting here.

Kingsbridge were delighted to sponsor the post-conference Chairman’s dinner, hosted by Miles Jupp, at the Park Lane Hilton in London. The food, as expected, was wonderful, and it was great to celebrate the occasion with many of our existing partners. It was also an excellent opportunity for us to see some new faces and make some new connections in the contracting and freelancing industry. Much fun was had by all, as evidenced by the pictures below.

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New to Kingsbridge: Meet the Team

Meet the Team

As a growing company, we’re always on the lookout for new staff. As fresh faces appear in the office we like to welcome them with a series of questions and some stark black and white photography. You can see all of us over on the Meet the Team section of our website, but we’d like to introduce you to three of our newer recruits below. We’ll continue this series on an irregular basis as the ranks at Kingsbridge HQ continue to grow. Without further ado, meet Jane, John, and Rob.

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How to avoid and deal with late payments

Avoiding Late Payment

It’s one of the horrors of being a contractor: you do the work, submit your invoice, wait the required period and then no payment materialises. Often, a late payment can be an honest mistake but sometimes, sadly, clients or companies may hold out on you so you need to make sure you are protected. We’ve gathered our years of experience working with contractors to put together this guide on avoiding and dealing with late payments.

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How to get work as a contractor

How To Find Work as a Contractor

When you first move to become a contractor, the idea that you might be sitting there with nothing to do and no income is, quite frankly, terrifying. Of course, once you’ve been self-employed for a while, you’ll have word-of-mouth and referrals behind you, which will see offers of work coming directly to you. This blog, however, will give you some tips and ideas on how to find work as a new contractor, besides the more traditional job boards.

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Kingsbridge Turns 15: An Interview with CEO Steve Wynne

Steve Wynne

If you didn’t already know, we just celebrated our 15th anniversary here at Kingsbridge. As part of our ongoing celebrations, we sat down with CEO Steve Wynne to ask him about the past, present, and future of Kingsbridge. Without further ado, here’s what we discussed:

Kingsbridge: Can you give us a brief history of Kingsbridge?

Steve Wynne: Kingsbridge was started in 2001 by myself and my wife Janet, resulting from a management buyout from Jardine Lloyd Thompson. We were on holiday in Devon and needed to decide on name. The name needed to be strong, and to relate to water as that was, and remains, a key sector for us. We were driving through the town of Kingsbridge and it ticked all the boxes. That’s how Kingsbridge began.

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Tax Changes for Contractors

Contractor Tax Changes

With all the political machinations currently taking place, it’s easy to forget that the new tax year begins today. As of midnight on 6th April a number of new policies took effect, including several that’ll have an impact on contractors and independent professionals. Although the most recent Budget still looms rather large in the proverbial rear-view mirror, these changes relate to the Budget that took place in July last year.

First and foremost, the tax rules surrounding dividends are now changing. The first £5,000 of dividend income earned by shareholders will be completely free of tax, with any amounts over that initial marker being taxed at 7.5% (for any income falling within the basic rate band). Beyond that, higher rate and additional rate earnings will also be subject to higher tax levels of 32.5% and 38.1% respectively. Although this will likely affect the take-home pay of many contractors, it could be by as little as 2% to 4% (see this article on ContractorUK for a more detailed breakdown).

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Kingsbridge Turns 15

Kingsbridge Birthday 1

“No wise man ever wished to be younger,” Jonathan Swift once wrote. That particularly sage piece of wisdom is now over 300 years old, but it retains just as much relevance today as it ever did. The older you get, the better you become. Although it’s an adage Swift intended for his fellow man, it works just as well for a company. Kingsbridge turned 15 at the end of March and we’ve aged well. We know our customers, and the contracting community, better than ever. The company has grown hugely since 2001, both in terms of staff and the contractors, freelancers, and independent professionals we look after.

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Budget 2016 Analysis: ‘A Budget That Backs Small Business’

Budget 2016

George Osborne’s latest Budget as Chancellor passed today as expected, with no real surprises. There was good news for the self-employed, but the spectre of a clampdown on the use of Personal Service Companies (PSCs) by public sector employees still looms like a heavy cloud.

As we’ve mentioned on these pages before, Osborne’s tightening of the vice on the so-called ‘Paxman tax’ comes predominantly as a result of public outcry at perceived tax evasion by celebrities and sports stars. However, such measures will also impact those contractors working in the public sector, meaning that from April 2017 they will now face investigation from their clients and agencies to confirm whether they are ‘true contractors’ or simply a ‘disguised employee’. If the client or agency believes that the contractor in question is a disguised employee, it will be required to deduct tax at source from all payments made.

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