IR35 shake-up

The Autumn Budget brings change to the ‘off-payroll’ working (IR35) rules from April 2020. This may affect you if you work on a contract through a personal service company (PSC) in the private sector, or hire or place such workers. Similar rules already apply in the public sector. Read more

The innovating business

The Catapult programme exists to help UK businesses take ideas off the drawing board and turn them into reality. To date, the programme has supported nearly 6,000 small and medium enterprises looking to bring new products and services to market. Read more

Capital gains tax and your home

Where a property is someone’s residence for all their ‘period of ownership’, there is no capital gains tax to pay on the sale of a main private residence. But with off-plan purchase, where a property is purchased before it’s built, the position with regard to capital gains tax is proving more contentious. Read more

Change for charities

Although charity law varies across the UK, charity governance is very much in the spotlight. The Charity Commission for England and Wales (CCEW) recently reported that nearly 40% of small charities – those with annual income below £25,000 – submitted inaccurate financial information. Read more

Chasing late payments

Nearly a quarter of UK businesses report that late payments threaten their survival. The Federation of Small Businesses reports that the problem goes beyond just paying late. It encompasses practices like retrospective discounting and ‘paying-to-stay’, which sees smaller companies paying to be retained as suppliers without any promise of work. Read more

How to keep staff

Keeping staff can be difficult. One recent report found that workers in the UK change employer, on average, every five years – and that millennials could have been through four different jobs by the time they are 31. Read more

Tax change round-up

Class 2 National Insurance is retained. The proposal to abolish Class 2 National Insurance Contributions from April 2019 has been dropped. Class 2 is paid on profits if you are self employed. The rate is £2.95 per week for 2018/19 and £3 per week for 2019/20. Read more