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NI threshold raised to £12,570 but some freelancers will be worse off next year says expert

Staff Reporter Mar 23, 2022

NEWSFLASH From July, the National Insurance threshold will rise to £12,570 (it had been scheduled to rise from £9,568 to £9.880). 70% of people will pay less NI than they do this year.Income tax will be cut by the end of the parliament…

P&O Ferries: Will British agency staff ever trust the maritime sector again?

Staff Reporter Mar 23, 2022

Crew Inspections Have Started On P&O Ferries As Airlines Step In To Recruit Redundant Staff The Maritime and Coastguard Agency will be carrying out inspections before any of the eight P&O Ferries affected by the mass…

NICs hike: call for recruitment agencies and end clients to pay up for umbrella contractors

Katherine Steiner-Dicks Mar 23, 2022

Recruitment agents and their end clients need to “step up to the plate and increase assignments fees to cover the cost to the worker”, according to the FCSA’s CEO, Chris Bryce. The FCSA’s call for higher contractor pay, especially for…

PSCs and contractors can reclaim duplicated taxes

Katherine Steiner-Dicks Mar 22, 2022

If a contractor’s personal service company (PSC) and the agency or client that has engaged them have paid tax on the value of the same contract, the PSC and/or contractor should be able to reclaim any duplicated taxes, according to…

Help! I think my umbrella company is going bust

Guest Writer Mar 21, 2022

TAX CLINIC Welcome to The Freelance Informer's Tax Clinic where freelancers write in to get their tax questions and dilemmas addressed. This week a reader writes in about what to do if they have unpaid wages and they think their…

5% fuel duty cut welcome but the government is still making 80p per litre at the pumps

Katherine Steiner-Dicks Mar 21, 2022

Fuel duty is a drop in the ocean, says personal finance expert. Others serving self-employed workers are asking for tougher, perhaps unpopular measures The Spring Statement has cut fuel duty by 5p a litre.Currently fuel duty costs…

The Spring Statement: what should freelancers expect and what could surprise them?

Katherine Steiner-Dicks Mar 18, 2022

Just when work opportunities and day rates started to soar towards pre-pandemic levels, freelancers could see those gains wiped out. The cost of living crisis will be exacerbated for freelancers come April 2022 when increased national…

Money-saving tips for freelancers

Staff Reporter Mar 17, 2022

Freelancers do not have the luxury of always getting paid on time, this means that certain months they have to find ways to stretch their money. Here are some tips to help ease the cost of living, plus a proactive payment reminder template…

Freelancers could see rate rises wiped out in 2022

Staff Reporter Mar 16, 2022

The enormous impact of HMRC moving and freezing income holds in recent years has been revealed. Great Britain's Office for Budget Responsibility changed its forecasts to reflect higher inflation, which means not only will more people…

LimeWire makes comeback just as NFT interest fizzles

Katherine Steiner-Dicks Mar 15, 2022

Google Trends has suggested that people are losing interest in non-fungible tokens (NFTS), yet that could be because they do not realise the possibilities, according to new research and one company, in particular, LimeWire. LimeWire…

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