Originally posted by WordIsBond
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Previously on "Spring Statement 2018 - Like to hear the feedback from the contractors."
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Originally posted by MrWebDev View PostHas anything contractor related come out of yesterdays statement, particularly regarding potential IR35 changes in the private sector? I've not managed to find anything.
Worth reading this.
https://www.contractoruk.com/news/00...art_doubt.html
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Originally posted by Wijay@WISAccountancy View Post"We are the party of small business and the champion of the entrepreneur," said the Chancellor...True?
He hasn't, but he should get some credit for trying....
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Originally posted by malvolio View PostYou (and most of us) are a skilled professional getting paid market rate for the work you do. You operate as a small business for a range of good commercial reasons to link your skills to the demand market
The two are not mutually exclusive. There are too many who fail to realise that.
In my case, I'd hope no one would disagree. Unlike most of you, I have four fee-earning employees and three very part-time subcontractors. In dead times, my fees from my contracts help to pay employee salaries. In good times, their fees give me a nice boost. That's running a business.
You know what's stupid? I still have to worry about IR35. If I had a contract that technically could be ruled inside IR35, and I ended up using the funds from it to pay employee salaries, they could still hold me liable for tax on a deemed payment. That's really, really stupid. So I have to have cover for that, and get contracts reviewed, etc.
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Originally posted by WordIsBond View PostAm I allowed to be a small business, an entrepreneur, AND a skilled professional getting full market rate (or maybe a little more) for my skills?
The two are not mutually exclusive. There are too many who fail to realise that.
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Has anything contractor related come out of yesterdays statement, particularly regarding potential IR35 changes in the private sector? I've not managed to find anything.
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Originally posted by WordIsBond View PostAm I allowed to be a small business, an entrepreneur, AND a skilled professional getting full market rate (or maybe a little more) for my skills?
There will always be exceptions but even at current clientco where the contractors could easily set up their own consultancies with help from said client most leave and just take another contract as its easier.
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Originally posted by madame SasGuru View PostPick 100 random contractors and I will show you that 99 of them are neither small businesses nor entrepreneurs but skilled professionals getting paid the full market rate for their skills.
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Originally posted by madame SasGuru View PostPick 100 random contractors and I will show you that 99 of them are neither small businesses nor entrepreneurs but skilled professionals getting paid the full market rate for their skills.
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Originally posted by madame SasGuru View PostPick 100 random contractors and I will show you that 99 of them are neither small businesses nor entrepreneurs but skilled professionals getting paid the full market rate for their skills.
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Originally posted by washed up contractor View PostAbsolute bollocks they are (not).
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Originally posted by Wijay@WISAccountancy View Post"We are the party of small business and the champion of the entrepreneur," said the Chancellor...True?
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