Even before the coronavirus, there was a big shift toward remote working in the IT sector. The tools are now there to track it.
The IR35 thing has been put off for a year. Even then, I am not sure where that leaves IT contractors. Theyâre very expensive at a time when businesses are suffering cash flow problems, and they are the easiest to get rid of.
Contracting has been in decline in general anyway, hence why Iâve been trying to get out. Unfortunately with IR35 issues the market, both contract and perm, has been very slow over the past 12 months.
Theyâre making stuff up on the hoof, mush.
Each new measure seems to be something they forgot to think about beforehand. You should not be surprised. Any IT professional watching the IR35 thing has been watching a car crash in slow motion.
I half expected the camera to spin round and for Fiona Bruce to ask an EDF member if that answered their question.
And then for a Tory minister to say that the Labour governmentâs record of handling pandemics was appalling.
This clip needs to be archived and brought out in 9 months.
Iâm not surprised. Not in the slightest.
Iâve been following it closely over the last couple of years, and it has not been pretty.
Never going to get any better with that corrupt cunt as Chancellor.
and you werenât a cabin boy
tell us another one.
Whilst I have a tear in my eye from Twitter & the clapping, Iâm also rather grateful that a number of Polish Medical staff returned home thanks to Brexit.
Donât know if this is you or not. Looks like PAYE portion of earnings is available via furlough but not dividends. I presume, your accountant will have your PAYE element at the level of your tax free income?
That basically means theyâll get fuck all.
Not if youâre the Director though unfortunatelyâŠ
Directors that have paid through PAYE will qualify.
No they donât, unfortunately. Canât furlough a single director/employee of a LTD company.
My wife and I will get nothing from these loans and grants, but will be expected to pick up the pieces of lives of people around us - which we are doing.
As for the clapping, how many of the people who stood there applauding, happily voted the NHS into this situation with no kit and no staff? - and will do it again next time?
Supporting the NHS is like festive dog-ownership - itâs something to do all the time, not just when thereâs a crisis.
So your partner doesnât own half of the company (i.e. got half of the dividends?) and also a Director?
Well, relatively, yes.
But it would be 80% of the PAYE component, wouldnât it?
Wouldnât, most accountants structure the business tax-efficiently by making the PAYE component just below the taxable income level - ÂŁ12,500. with your partner being a director owning half of the dividend stock (perhaps different voting class) and then paying dividends up to use all of the taxable allowances that way?
But directors in general can qualify.
We both know that being a director of a one-man limited company is more about a tax-efficient way to get paid.
This tax efficiency comes about because they officially earn very little, but happen to have the majority shareholding in a company where a quality resource (them!) is being paid minimum wage to do a highly skilled job.
Who wouldnât invest in a company like that?! 
Expressed like that, are one man limited company directors financially much different from a cleaner pulling minimum wage but benefiting from a healthy stock portfolio?
That cleaner would have no compensation for the loss of investment income, and no expectation for it either.
Nope - she has her own job but only works 3 days. Due to Corona she canât increase her days.
The problem is around furloughing a one man band - that would result in the company not existing.
We canât do it. Weâve been told we canât.
Of course itâs about being tax efficient, but I pay 20% more tax than the same person doing a PAYE job. I also put more money into the economy. However I donât get sick pay, holiday pay, healthcare, any contributions towards my pension and am on a 2 week notice.
Feel for you, mate.
Youâre far from alone in that situation. Letâs hope that the volume of people in your situation forces this reactionary government to make more concessions - especially as many will be previous/current Tory voters.
Hang in there!