HMRC’s focus on tax avoidance

HMRC has recently unveiled severe penalties under proposed new legislation seeking to target those intermediaries that provide tax avoidance schemes, and this may have implications for contractors and freelancers, and the use of Umbrella Companies ( Personal services company versus the Umbrella Company ) In the UK tax evasion is illegal, but tax avoidance is not! But […]

New focus on IR35 by HMRC

HMRC are again starting to focus their attention on IR35, so watch out Contractors! Over the last 20 years there has been a significant increase in the number of freelance contractors. Depending on the sector different terminology is used. The writer himself spent a significant period of his career working as an ‘interim’ Accountant. In […]

Corporate Governance and the smaller company

For most SMEs there is no distinction between management and ownership and as such they would argue that corporate governance is an expensive and unnecessary luxury.  Why introduce systems which impose limits on how they conduct business? They could impact profitability, creativity and speed of response. For many companies happy with what they are, then […]