THE UK's gig economy continues to boom, now playing home to an estimated five million self-employed people, and shows no sign of slowing down. The world of work has changed, but the law arguably has b[...] You have reached your limit of free articles Registered users get 5 regular articles and 1 free Premium article per week. … [Read more...] about The plus side of being self-employed
Statutory sick pay when self employed
QUESTION: I have been following with interest the recent case of Lorraine Kelly and how she successfully argued that she was not an employee of ITV but a self-employed business person. Can you explain the key facts in this case and what self-employed contractors can take from it? ANSWER: The employment intermediary rules, known as IR35, impose employment taxes on a Personal Service Company (PSC) where the arrangements between the worker and the end client are such that, if engaged directly, the worker would have been an employee. In this case the PSC must treat the amounts received as employment income of the individual and operate PAYE and NIC.The recent case of television presenter, Lorraine Kelly, who successfully defeated HMRC at a tax tribunal for her work with ITV Breakfast. The case also involved the question as to whether agent fees were a deductible employment expense.Between 2012 and 2014 Lorraine Kelly was contracted, via her own company which was set up in 1992, to present … [Read more...] about Employed or self-employed? TV host shows us the way!
By Erin Douglas Published 11:43 am CDT, Wednesday, March 13, 2019 A group of Uber drivers wait for passengers in a lot outside George Bush Intercontinental Airport. The flexibility of being an Uber driver is attractive to many, but the job's uncertain income isn't for everyone. less A group of Uber drivers wait for passengers in a lot outside George Bush Intercontinental Airport. The flexibility of being an Uber driver is attractive to many, but the job's uncertain income ... more Photo: Jon Shapley, Staff Photo: Jon Shapley, Staff Image 1 of / 1 Caption Close Image 1 of 1 A group of Uber drivers wait for passengers in a lot outside George Bush … [Read more...] about Self-employed businesses on the rise, Census data shows
By Jerry Reynolds Published 12:00 am CST, Saturday, November 17, 2018 Tax Code Section 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015. In 2018, this deduction allows businesses to write off up to $1 million worth of depreciable assets the year they are purchased, including machinery, heavy equipment, furniture and fixtures, and certain vehicles, mainly SUVs and pickup trucks. You have to have positive income, not a net loss for the year. You must purchase the vehicle by December 31, 2018 to get the write-off on your 2018 taxes. Bonus Depreciation Bonus Depreciation allows you to deduct a specified percentage of the cost of assets in the year of purchase. This deduction is allowed even if you do not have income, and has no max amount. You can use this for an unlimited number of purchases. The percentage is doubled to 100 percent for assets purchased after September 27, 2017. For assets purchased after then, the … [Read more...] about Self-employed, business owners can take advantage of tax deductions
Cleaners working at Kensington and Chelsea town hall are celebrating a promise that they will get a pay rise and will be paid the London Living Wage. The pay increase was agreed after union reps for the United Voices of the World union met council leader Elizabeth Campbell and chief executive Barry Quirk. The meeting on Monday (September 4) came after the 16 shift workers who work for service company Amey staged a three-day strike at the town hall as they called for an increase from their £7.83 an hour wage. Union rep Petros Elia also interrupted a planning meeting to argue for a rise to £10.20 an hour, which is the voluntary London Living Wage. The council said details have to be worked out. A spokesman said: “We had positive talks and we hope the dialogue continues. "The aim is to ensure that everyone gets the London Living Wage who works at the council.” All council employees earn the London Living Wage or above, he said. He said the council would look at ways … [Read more...] about Cleaners earning just £7.83 an hour finally set to get pay rise