Directors and the minimum wage – myth buster

Posted on 10/05/2011 by Claire Thirtle

Despite the myths, national minimum wage does not apply to directors. Do not be fooled if your accountant suggests that you take a salary based on national minimum wage – you will be paying unnecessary National Insurance. In the majority of cases (and obviously all cases are unique) the optimum annual salary level should be

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IR35 – The History so far

Posted on 03/05/2011 by Claire Thirtle

“IR35” has now been in existence for over ten years and still it remains a constant concern for freelancers and contractors across the UK. In particular, it has become a notorious threat to those within the IT Consultancy industry. Its significant impact on small businesses led to the emergence of the Professional Contractor Group (PCG).

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Record breaking increase in the number of new contractors

Posted on 03/05/2011 by Claire Thirtle

Record breaking increase in the number of new contractors My research has revealed a record breaking increase in the number of new contractors/ limited company formations, which supports the theory of a new entrepreneurial culture developing to partly replace the traditional employment culture, as a result of the economic crisis. Many jobs are being shed

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