Personal Service Providers – Are you caught in this man eating tax trap? A personal service provider is a cc, co or trust two or less employees ( plus the business owners) with that : renders a personal service to a client or where the services are mainly on the clients premises or 80% of [...]
Looking for a salary increase??
Wage, Salary and Price increases for 2012 Two in three British workers have experienced a pay freeze in one of the last three years. And only one in three is expecting an increase this years. And this increase will only be 2% less than half the inflation rate. Its clear that things will be tough [...]
The Top 6 Tips for Contractors
The Top 6 Tips for Contractors when applying for IT Contracts – by AWKinekt Contract House. 1. When applying Don’t put your work number and work email on a CV. This tells the prospective hirer that you don’t mind doing personal business on company time and do they really want that if you are at their [...]
Gen X, Y or Z
How does it impact on the way they WANT to work? Generation X Y and Z are all suited to contracting……. Understanding the differences between generations is useful in communicating with people from different age cohorts. It is also vital for employers to understand the different generations so that they know how to recruit and retain [...]
Cape Town Vs Sydney
Property pricing in Cape Town vs Sydney and Hong Kong! With median house prices at R 1,2 Mil in Cape Town and median incomes at R 240 000 p/a the earnings cover of a Cape Town house is 5 times! This is half of Sydney and Hong Kong earnings cover which lead the world! Cape [...]
New changes to the LRA and fixed term employees
AWKinekt Contract House expects that one of the proposed LRA amendments is that the same benefits must be given to fixed term employees, as to permanent employees. This is similar to the Agency Workers Directive in Europe which may include pension funds, medical aid and housing subsidies. A risk with these types of contracts, is [...]
Another Victory for contractors
Elaine Richardson, director of ECR Consulting Ltd was targeted by the taxman in November 2005, when she was deemed to be a ‘disguised employee’, as per HMRC’s employment status rules. The contractor was working via her own limited company for Vertex Data Science at the time, and faced a backdated tax bill of over £50,000 [...]
The Modern IT Contractors Must – Action List
Valuable tips for every contractor! A Great Contract House – Ensure that a well established ( 1999) and effective Contract House has your CV and knows when you are available. Ensure that former clients, employers, former coworkers, classmates from Varsity or College and your Linkedin and Facebook contacts know you are in the market. Specialize [...]
More on Ann Redston as per requests
AWKinekt Contract House, Cape Town premier outsourced contracting house reports further that UK Tax Prof Ann Redston states that the UK’s Revenue authorities have ” not………found it easy to apply the existing law to attack umbrellas with arguments that their contracts are not ‘genuine overarching contracts of employment’. This is a complex area turning on [...]
Do you think working as an independent contractor is a risk?
We would love to hear your thoughts and we can give you tips to beat the risk part.
