Originally posted by saptastic
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Crunch accountant or personal one ?
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Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Originally posted by Fred Bloggs View PostYes, the question I have for the business is - What are their plans for diversification if the HMG/HMRC attacks on free lance working spreads to the private sector and damages their business model?
But yes, there's no doubt that your IT contractors/similar will make up a huge chunk of their, and indeed our, clients. IR35's been around for a long time and there's regularly been fear of "what if the market's destroyed overnight", which has thankfully not yet materialised. Whilst I imagine there may well be a continued squeeze to follow the dividend tax & FRS hit, it doesn't make sense for them to kill it off completely. Of course these could be (not very) famous last words.Comment
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Originally posted by Maslins View PostI'm certainly not a FreeAgent spokesperson, but I think that whilst FreeAgent are fairly heavily dependent on contractors, they also have lots of more clearcut freelancers who are a long way from IR35 (eg web designers knocking up websites for £500/pop fixed price, lots of clients at same time etc), and increasingly drifting into construction industry CIS stuff.
But yes, there's no doubt that your IT contractors/similar will make up a huge chunk of their, and indeed our, clients. IR35's been around for a long time and there's regularly been fear of "what if the market's destroyed overnight", which has thankfully not yet materialised. Whilst I imagine there may well be a continued squeeze to follow the dividend tax & FRS hit, it doesn't make sense for them to kill it off completely. Of course these could be (not very) famous last words.Comment
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Originally posted by Maslins View Post
But yes, there's no doubt that your IT contractors/similar will make up a huge chunk of their, and indeed our, clients. IR35's been around for a long time and there's regularly been fear of "what if the market's destroyed overnight", which has thankfully not yet materialised. Whilst I imagine there may well be a continued squeeze to follow the dividend tax & FRS hit, it doesn't make sense for them to kill it off completely. Of course these could be (not very) famous last words.
I think HMG may find their squeeze on the sector, especially the Public Sector rules, shoots them in the foot with the massive programme of change happening with things like MTD and Brexit. They will need whatever good help they can get, and I suspect that will mean some olive branches and/or humble pie. Watch this space...Comment
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Originally posted by Jessica@WhiteFieldTax View PostHaving been servicing the sector for 25 years,'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostMy other half has been doing that as wellComment
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Originally posted by Alan @ BroomeAffinity View PostThe share price took a bit of a knock on Wednesday PM but it seems to have recovered. The fact that the city backed them so strongly on the float gave me some assurances that either (a) contracting is here to stay or (b) they have a diverse enough portfolio to continue to grow. Personally, I', not convinced about (a) anymore.
There can be no doubt HMG want a big change in the contracting landscape, whether they will succeed or whether the industry will carry on with new blood replacing old, the jury is out for me. If they succeed, large numbers of contractors will move onto FTC's or agency payrolls.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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