My contract was cancelled as if 1/5/20 - not worked and had no income since. As I was a contractor I don't qualify for any state help either - I'm one of the millions that fell between the cracks
Smart move, IR35 has killed; contracting, consultancy, interim. In a predicament now personally, understand why there's little sympathy as had it good for a while, but fuck me what now?
Sorry to hear about redundancies which folks on this thread are facing.
I do think that once lockdown is fully lifted, there will be greater confidence and a fast recovery compared to other recessions we have experienced.
The retail industry will still probably struggle with lower footfall due to many people avoiding public places until a vaccine has been produced. Retailers also face a backlog of rent payments as well on top of holding too much stock left over from Spring and Summer unless they were able to cancel off orders.
I just hope companies who may not haven been impacted don't take the p*ss and use this as an excuse to let people go, or if they do it's solely to clear out the deadwood.
No it hasn't, it's just made it even more difficult. Covid-19 and working from home could be a godsend to Ltd Co contractors if they push for this to continue, even on part, once lock down is over.
Contractors need to change their working practices to match their freelance status, work from home, provide your own software and equipment as far as possible, yes it's a cost, but offset against profit and VAT.
Not possible for everyone, but is possible for many more than currently do it
Biggest hit to contracting as a ltd co has been the additional tax on dividends
Shh! Don't give advice like that, the more contractors bugger off means less of us to pick up the work left behind, ergo higher rates.No it hasn't, it's just made it even more difficult. Covid-19 and working from home could be a godsend to Ltd Co contractors if they push for this to continue, even on part, once lock down is over.
Contractors need to change their working practices to match their freelance status, work from home, provide your own software and equipment as far as possible, yes it's a cost, but offset against profit and VAT.
Not possible for everyone, but is possible for many more than currently do it
Biggest hit to contracting as a ltd co has been the additional tax on dividends
Thought new applications closed 10th June.How did you contract? as Ltd Co. or umbrella?
If Ltd Co you can furlough yourself (and spouse if she's a director), small potatoes in terms of money if you're on low wage with dividends, but better than nothing.
If Umbrella, then if I understand this they are your employer and can furlough you....not 100% on this tbh but worth looking at
It definitely hasn’t and your post is absolutely spot on.
90% of our UK roles as a recruitment consultancy are contract and outside IR35 at this time.
There’s not many though.
We’ve started to make people redundant and those of us not furloughed have a team call in 45 minutes which I’m absolutely dreading.
Thought new applications closed 10th June.