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News, insights and advice for contractors

Stay tuned to the NWM blog for our latest company news, in-depth industry commentary and insights as well as useful guides on finance and compliance for contractors.


Thu 8th Jul 2021

TOP TIPS TO MANAGE YOUR ACCOUNTING BETTER AS A FREELANCER

Learning to manage your finances as a freelancer can often be overwhelming.

According to Micro Biz Magazine, there were over 2 million freelancers working in the UK in 2020, with more joining . If you’re thinking about joining this ...

Wed 7th Jul 2021

5 WAYS TO AMPLIFY YOUR FREELANCE EARNINGS

With 1.4M Brits choosing the freelance route, it’s become an increasingly popular alternative to the “traditional” career route. There are a multitude of reasons why a freelance career has increased by 14% over the last decade, but the biggest one ...
Mon 28th Jun 2021

IR35: Three months later...

It’s been almost three months since the IR35 reform was introduced in the private sector, which saw medium and large businesses take responsibility for determining the IR35 status of contractors. With liability shifting from the contractor to the fee-paying ...

Mon 21st Jun 2021

What can we learn about the Robert Lee IR35 case?

It was reported this month that a tribunal judge had dismissed an IT contractor’s appeal against an IR35-related £70,000 tax bill for a second time.

Robert Lee, who worked as a contractor for Nationwide Building Society under the company name ...

Thu 3rd Jun 2021

Government Rejects Calls For Further Umbrella Company Regulation

This week, the government rejected calls for amendments to the UK's 2021 Finance Bill that would further regulate umbrella companies.

MPs David Davis and Sir Iain Duncan Smith tabled the proposal to "curb or kill" umbrella companies, giving the government a ...

Wed 19th May 2021

Calls For Further Action to Combat Mini Umbrella Fraud

Hot on the heels of HMRC releasing guidance on working with umbrella companies come calls for action against the rise of mini umbrella company (MUC) fraud in the UK.

BBC Radio 4's File ...

Wed 12th May 2021

HMRC Releases Guidance on Working with Umbrella Companies

The IR35 off-payroll working rules, which came into effect on the 6th April 2021, saw many Personal Service Companies (PSCs) engage the services of umbrella companies to help navigate the changes.

This increased use of umbrella companies has led ...

Tue 27th Apr 2021

IR35: Inside or Outside?

In our previous blog, we explored the new IR35 off-payroll rules that came into effect for medium and large-sized businesses in the private sector.

To recap, IR35 means that when engaged via an intermediary (a limited company or personal services company) ...

Mon 19th Apr 2021

IR35 Reforms: Why a Blanket Ban on Contractors is a Mistake

New IR35 off-payroll rules for medium and larger-sized businesses came into effect this April, following a 2017 roll-out for the public sector.

The reform sees responsibility transferred from private sector contractors to the companies that employ them ...

Mon 15th Mar 2021

What can freelancers and contractors expect in 2021?

With 2020 creating waves in the freelance world, first with the COVID-19 pandemic, followed by Brexit and the IR35 reform, we wanted to look into some of the things that freelancers and contractors can expect to see in 2021.

Increase ...

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