Maybe you are gazing fondly at 2016, thinking of all the good things that happened; perhaps, you are happy to be rid of it. A lot happened during the year. UK chose to leave the EU. Donald Trump won the US Presidential Elections. HMRC went ahead with the IR35 / Off-payroll reforms. And lots more.
It was a special year for us too. We launched our new website. Won a place on IAOP’s Global Outsourcing 100 list (for the third time). Expanded the geographies we serve by gaining clients from Africa, Middle East and Canada. Organised an event around the IR35 / offpayroll working reforms for C-level executives – Decoding the Autumn Statement 2016. We were also quite active on social media – do follow us on Twitter, LinkedIn and Facebook
All this while, we have been busy sharing news and insights around topics that are of the greatest interest to our clients. Here are our most popular blogs of 2016:
The vote to leave EU came as a big surprise to most of us. Of particular concern to our student accommodation clients was the impact of Brexit on the inflow of international students, and how it would affect the demand for student housing. This article sifts through the available data and opinions around the key issues and shows why this growing sector will be able to weather the Brexit storm.
Dashing the hopes of thousands of contractors and recruitment agencies, the government announced that the IR35 / offpayroll reforms will come into force April 2017 onwards. On top of this, recruitment agencies were saddled with the responsibility of paying the correct tax for the contractors: “Following consultation, the government will reform the offpayroll working rules in the public sector from April 2017 by moving responsibility for operating them, and paying the correct tax, to the body paying the worker’s company.”
Our article explains the import of the government announcement and gives clarity on the impact it will have on the recruitment industry.
After the government confirmed the reforms to offpayroll working rules in the public sector, all eyes were on the online test tool that the HRMC has introduced. Recruitment agencies will have to get well acquainted with this tool that helps determine the IR35 status of the contractors. QX’s expert on IR35 and other legislations related to payroll compliance – Pom Chakravarti – was one of the first people to test the tool and our readers found his first-hand review very useful.
We serve some of the leading recruitment agencies in the UK and have been hard at work for the last few months, with our key focus on creating a simple solution for our clients. Our solution takes all the hassle and guesswork out of managing the recent changes to the IR35 legislation. At a time when recruitment agencies have less than 3 months to prepare for the legislative changes, a large number of our readers found the article outlining our solution of interest.
Lack of awareness regarding the loopholes in the system and the common methods used by fraudsters makes business processes vulnerable. If an accounting department fails to prevent fraud, the business may lose confidential information and incur financial loss. It can also damage relationships with suppliers and clients and harm your reputation. Our article outlines the most common types of email frauds and shows how to prevent them.
Interested in reading similar articles and blog? Head over to our blog to explore more!