Sky Sports presenter Dave Clark has been told to pay £281,000 in tax. This tax bill arose for the years from 2013 to 2018 when the work he carried out through his company, Little Piece of Paradise Ltd, for Sky Sports in its coverage of professional darts, was found to be within IR35.
As is now the norm, we already knew through pre-Budget briefings that the public sector pay freeze was to be lifted, more funding was to be provided to the NHS and the National Minimum Wage was to rise to £9.50 per hour. When added to the National Insurance rises from April 2022 which were announced back in September, what else could Chancellor Rishi Sunak include in this, his second Budget of the year? The answer was quite a lot or perhaps a “bit for everyone” would be more accurate.
In September the Government announced an increase in National Insurance Contributions (NICs) from April 2022 amongst changes to the Health & Social Care Levy and tax rates on dividends. We take a look at the impacts the NIC increase will have, in addition to the other changes.
This week the Government successfully passed its taxation proposals through Parliament for increased funding of the NHS to help it tackle the enormous waiting lists. Also outlined was the Government’s long-awaited solution for the reform of England’s social care system. We take a look at what this means for limited company contractors.
For many, being a limited company contractor allows you greater flexibility with your working life. However it also means that you have to be more astute when it comes to taking time off. That’s why we’ve created this useful article on things to consider when you’re planning to take time off.
As a contractor, being able to negotiate your contracts effectively is an essential skill. The aim of the game is simple, you are trying to get the highest possible contract rate. However, with that being said it’s not quite as easy as it sounds! So, here are our top 5 tips in the art of contract negotiation...
Working as an umbrella or limited company contractor can sometimes mean that you have gaps in between contracts so it's important to be proactive before your current assignment has ended to try and limit the amount of time you have free in between assignments. That is why we at PayStream have outlined some top tips on how to avoid those unwanted gaps in between contracts.