Freelancer MoneyBox provides financial guidance and advice to independent professionals. It allows freelancers to gain valuable advice on everything from banking, accountancy, mortgages, pensions, tax and financial planning which will help advance their career.
Being self-employed means taking responsibility for many of the things employees take for granted, such as saving, tax returns and pensions.
Contracting through the Flexible Thirties
Whilst for many, their late teens and twenties can be a time to work hard and play hard, people in their thirties tend to start reassessing their priorities.
Age 18 – 30: A Time for Exploration and Establishment
People can start contracting at any age and in my article before Christmas, I looked at the different factors to consider wherever you are in your contracting career.
IPSE has responded to the publication of the 2016 draft Finance Bill, which sets out in further detail the measures proposed in the Chancellor’s Autumn Statement.
After weeks of media speculation, sanctioned leaks, and second guessing, Wednesday’s Autumn Statement seemed to show the Chancellor as the man for contractors.
The Summer Budget earlier this year saw significant and worrying proposals regarding IR35 and tightening the rules regarding claiming travel & subsistence expenses.
In recent weeks and months I have written to you to enlist your support in opposing measures which would harm the UK’s smallest businesses: the toughening up of IR35 and the restriction of travel and subsistence tax relief.
IPSE, the Association of Independent Professionals and the Self Employed, have reacted to announcements contained within the Chancellor’s Autumn Statement address.
IPSE Chief Executive Chris Bryce said:
Responding to the Bank of England Monetary Policy Committee’s (MPC) decision to maintain interest levels at their current rate, Lorence Nye, IPSE Economic Adviser, commented: