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Sling yer hook!

There has never been a better time for the entrepreneur to contemplate divorce.

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Edward De Bono

The word “guru” is one of the most overused in the English language. From PR to plumbing, it seems to be applied to anyone with a big enough mouth and a modicum of achievement to back it up.

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Stephen Critchlow reveals...

It took him ten years to write a business plan for the IT firm that was a sideline to his Pharmacy career but both interests eventually led to the deal of his life. Elizabeth Donevan waits for the men in white coats as Ascribe boss Stephen Critchlow reveals...

Freelancers worry over IR35
Thursday, 06 November 2008
Survey results by the Professional Contractors Group (PCG) show confidence plummeting among the UK’s freelancers, and highlight the need for the Government to scrap the punitive tax measures it has imposed on them.

The results of PCG’s annual membership survey show an index of business confidence on numerous key measures, including the overall economic climate and new business opportunities, falling sharply for the year 2008-9.

The top problem facing PCG members remains IR35, the law that tries to tax freelancers like employees and makes it impossible for them to self-assess their tax bills. 65 per cent of members identify it as a problem, and for 40 per cent it is the top problem they face. The proposals for a Family Business Tax on what the government calls "income shifting" is the next biggest threat: 41 per cent of PCG members see it as a problem, while for 21 per cent it is the biggest problem they face.

Commenting on the research, PCG’s managing director John Brazier said:

"These results show a significant drop in freelancers’ confidence about the economic outlook. If it is as serious about assisting small businesses as it claims to be, the Government must act now by abolishing IR35."





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