&FRIENDS’ Post

The Freelance Informer reported earlier this week that a hike in Employer NICs could spell a newfound demand for freelance/contractor talent. But this article below makes it seem so easy and does not differentiate between limited company or sole trader freelancers and those that work through a recruitment agency and/or umbrella company. If more freelancers could remain truly independent, which is in the spirit of this article below, then more households could flourish and tax revenues could improve. Companies could hire the talent they need less the costly overheads and more over 55s would probably get hired as they move towards self-employment. Here’s the FI article: https://lnkd.in/ecxkWFBK My concern would be if the Chancellor sees a spike in contractor recruitment as a sign they should make a new tax grab on contractors in some way whether they are independent or work through umbrella companies; not revisit/abolish IR35; and keep the umbrella company industry unregulated. How do you see things turning out? What are your concerns?

BREAKING: Freelancers Manifesto for Growth Launched today, ContractorCalculator is promoting 5 policies for the parties to consider: [1] Abolish Off-payroll IR35 Reforms [2] Ban Zero-RIGHTS Employment (not banning zero hours) [3] Establish a Taxpayer Bill of Rights [4] Champion the Self-Employed [5] Regulate Umbrella Companies The essence of 5 reforms is simply: Fair treatment for flexible workers and the self-employed. DOWNLOAD HERE: https://lnkd.in/eBhmHkFy #freelancers #generalelection

5x #IR35 policies for Keir Starmer & Rishi Sunak to take onboard if they want the votes of 1.9m contractors. If you truly want to kick start the economy, support small business, want to increase tax revenues & stop billions leaving the UK economy, here is your chance to prove it #Contractors #Recruitment #Tech #Politics #UKEconomy

Could German contractors see a pay increase? In this article, we discuss whether German contractors and freelance professionals can expect to see an increase in wages similar to that experienced by full-time employees in Germany in 2023. Click the link below to read the full article. https://lnkd.in/ehXuH8H9 #3CGlobalGroup #3CGlobal #InternationalContracting #Freelance #Contractors #Freelancers #Germany

🚨 𝗡𝗲𝘄 𝗟𝗮𝘄 𝗶𝗻 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝘀 𝗙𝗿𝗲𝗲𝗹𝗮𝗻𝗰𝗲𝗿𝘀' 𝗥𝗶𝗴𝗵𝘁𝘀! 🚨 Big news for freelancers in New York State! A new law has been enacted to give freelancers the labor protections they deserve, similar to those of traditional employees. 💼 This groundbreaking legislation is a major win for gig workers, who often face challenges when it comes to securing payment for their services. The Freelance Isn’t Free Act, originally introduced in New York City, has now been expanded to cover the entire state. Here’s what it means: 🔐 𝗟𝗮𝗯𝗼𝗿 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻𝘀: Freelancers are now entitled to protections against non-payment or delayed payment, with penalties for companies that fail to compensate workers on time. 📃 𝗪𝗿𝗶𝘁𝘁𝗲𝗻 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗱: Companies are required to provide freelancers with written contracts that outline the terms of work, so there’s clarity and accountability from the start. ⚖️ 𝗘𝗻𝗳𝗼𝗿𝗰𝗲𝗺𝗲𝗻𝘁 𝗧𝗼𝗼𝗹𝘀: Freelancers can now seek legal recourse for payment disputes, leveling the playing field for independent workers. This law is an essential step toward improving working conditions for the gig economy, giving freelancers the security and fairness they deserve. As more workers opt for freelance careers, this move sets a standard for protecting their labor rights, and hopefully, other states will follow suit. 🌟 To read more about the Freelance Isn't Free Act and how it's changing the landscape for gig workers, check out the article here: https://lnkd.in/g9_8Ac3t #FreelanceLife #GigEconomy #LaborRights #Freelancers #NYLaw #FairPay #WorkerProtection #FreelanceIsntFree #NYState

IR35 Reforms Impact Alert! In an intriguing report published by The Financial Times, nearly half of UK's freelancers in the private sector believe they've been misclassified as 'employees for tax purposes'. In a stark reveal, the shift of responsibility to the hirers under the new IR35 regulations seems to have left a majority unsatisfied and clamouring for a reversal. Are you experiencing this same issue? Do you feel unrepresented politically as a freelancer? Let's talk about your IR35 challenges! Full article here: https://lnkd.in/eEhpxaap Comments, thoughts and discussions welcomed.  #IR35Reforms #Freelancers #Contractors #HiringCompanies #TaxRegulations

Is your independent contractor really an employee? The Department of Labor has recently issued new guidance on this issue and misclassifying can have serious tax implications. Read more on our latest blog: https://lnkd.in/eqeX_JTs #freelancer #contractlabor #taxlaws #incometax #freelancing #selfemployedtax #taxnews

💡 Learn the basics of paying yourself and the right time to become an S-corp with Freelancers Union. When you're ready to take the next step, Opolis is the easiest way to manage your payroll: https://hubs.li/Q02Nys9g0

The UK freelance market has seen a remarkable surge, as evidenced by the most recent UK census, which revealed that 4.7 million people are self-employed, constituting nearly 10% of UK residents aged 16+. This expansion is further evidenced by a study showing that 80% of companies and agencies now rely on freelancers, with as many as 78% more likely to hire freelancers than employees. This shift in the workforce landscape brings with it new responsibilities, particularly the need to understand IR35, a crucial piece of UK legislation. For the uninitiated, IR35, also known as off-payroll working, was introduced in the UK in April 2000 to ensure that freelancers (sometimes referred to as contractors) pay income tax and national insurance the same way a salaried employee would. In other words, the legislation aims to prevent contractors from working as employees in disguise, i.e., ones who don't meet the UK’s HMRC definition of self-employed. As such, employers and agencies must correctly classify such workers to comply with their legal and financial responsibilities. With that said, let's discuss IR35 in more detail. Swipe 👉 #IR35 #freelancers #compliance

The UK freelance market has seen a remarkable surge, as evidenced by the most recent UK census, which revealed that 4.7 million people are self-employed, constituting nearly 10% of UK residents aged 16+. This expansion is further evidenced by a study showing that 80% of companies and agencies now rely on freelancers, with as many as 78% more likely to hire freelancers than employees. This shift in the workforce landscape brings with it new responsibilities, particularly the need to understand IR35, a crucial piece of UK legislation. For the uninitiated, IR35, also known as off-payroll working, was introduced in the UK in April 2000 to ensure that freelancers (sometimes referred to as contractors) pay income tax and national insurance the same way a salaried employee would. In other words, the legislation aims to prevent contractors from working as employees in disguise, i.e., ones who don't meet the UK’s HMRC definition of self-employed. As such, employers and agencies must correctly classify such workers to comply with their legal and financial responsibilities. With that said, let's discuss IR35 in more detail. Swipe 👉 #IR35 #freelancers #compliance