The Practical Guide to Limited Company Tax
If you have chosen to operate your business as a limited com...
By Jonathan London on 16th September 2014
The Association of Independent Professionals and the Self Employed (IPSE) has released its manifesto, detailing how it is aiming to transform the UK into a ‘microbusiness utopia’.
The manifesto set out the measures it feels need to be put in place in order to provide adequate support to the increasing number of self-employed people living and working in the UK.
Simon McVicker, director of policy and external affairs at IPSE, commented: There are now almost five million self-employed people working in the UK which means 15 per cent of our workforce are now choosing to earn their living in this way.
The choice to become your own boss is a brave one, and we should be supporting those who take control of their own destiny. In our manifesto we outline the measures government needs to take in 2015 and beyond to unleash the full potential of Britain’s independent professionals.…
The first step, Mr McVicker noted, should be to appoint a minister for self-employment. While there is already a minister for small business, those who are self-employed are lacking this type of representation in the Department for Business, Innovation and Skills (BIS).
Speaking at the Westminster launch of the IPSE Manifesto – September 2014, the expert also underlined the number of women opting for self-employment, and noted that it is important this rise be supported.
He noted that the number of mothers working for themselves has increased by an impressive 55 per cent in just the last five years, and urged the main political parties to re-examine how the self-employed are treated with regard to maternity and paternity benefits.
There’s absolutely no reason why hard-working self-employed mothers should receive a different amount to employees when caring for a child,… he said.
As well as taking extra steps to back the growth of women in self-employment, the government should do more to support young people who want to work for themselves, he said.
The biggest growth area in self-employment is among people aged between 18 and 30 years old, but self-employment and entrepreneurship is still overlooked on the curriculum at secondary and sixth-form level,… he commented.
According to Mr McVicker, one of the biggest issues affecting the self-employed and micro-businesses is late payments from clients. He called for the next government to strengthen the Prompt Payment Code and name and shame the worst offenders.
It was also noted that self-employed people need affordable, flexible office space in which to flourish. Work-hubs and co-working spaces are growing in popularity among self-employed people in the UK, who greatly benefit from affordable offices that allow them to network, it was noted.
Mr McVicker said: We urge politicians to incentivise local government to repurpose empty council properties into new workhubs and simplify the planning system to allow unused commercial properties to change their use and regenerate the high street.…
A tax system for the an economy driven by innovation should also be introduced, he said, with the the current system often been slammed for the way it deals with the self-employed.
Don’t forget, as a Boox client you can receive discount membership from our association with IPSE as part of their accredited accountant scheme.
Our guide to choosing the right accounting software walks you through the market leaders to help you choose the right platform for your business
Take a look at our recent blogs below.
If you decided to take the plunge and be your own boss, one of the first decisions you’ll need to ...
Published: 6th August 2018
If you engage Boox to do your company’s VAT returns, you’ll be aware that we require your specif...
Published: 26th July 2018
It’s not just something cows do! MOO is the acronym for Mutuality of Obligation, which exists in e...
Published: 23rd July 2018
While it’s not a new problem, it certainly isn’t one that’s going away anytime soon. We’re t...
Published: 20th July 2018
HMRC are dogged in their efforts to recoup unpaid tax through schemes that they view as tax avoidanc...
Published: 18th July 2018
It is the time of year again when HMRC are sending out Self-Assessment Statements. These show all pe...
Published: 6th July 2018
To stay on the right side of HMRC’s expenses and benefits legislation, P11Ds need to filed by 6th ...
Published: 3rd July 2018
GDPR – the General Data Protection Regulation, comes into effect on 25th May and is the bigges...
Published: 24th May 2018
As a business owner, your time is way too precious to spend hours dealing with HMRC or Companies Hou...
Published: 14th May 2018
“Never do tomorrow what you can do today. Procrastination is the thief of time” Charles Dicken...
Published: 11th May 2018
Congratulations! The very fact you clicked this far shows you are considering employing staff, and t...
Published: 17th April 2018
If you need a little help to find the right accountancy service, don’t worry.
Thousands of contractors, freelancers and locums turn to Boox for help and advice with their limited company accounting. They love our personal service and app.
Specialist accounting for sole traders and the self employed, Boox combines easy online tools with expert support to take away the stress of handling your accounts.
Our combination of market-leading accounting software and expert personal advice gives you greater financial control and more time to grow your business.