UK Government Makes It Easier for a Contractor to Do Business with Them
Itís going to be a whole lot easier to register and initiate a company for those who are starting up, but for those who are worried about difficulties in the competitive marketplace a new register will require that UK companies maintain a log of people who have substantial control over the company itself.
One of the biggest advantages associated with a new bill introduced by the UK government is that any business dealings with the government itself become much more streamlined and inherently efficient. A contractor who wishes to establish themselves as a small business enterprise can have a much more direct access to this potentially lucrative market as a consequence of changes to the law enacted within the Small Business, Enterprise and Employment Bill of 2014.
Professional Representation Network notes that there are 11 individual measures contained within the bill and many of these measures have some kind of inherent benefits to the contractor/small businessman or woman. These measures include access to finance, regulatory reform, public sector procurement, company filing requirements, employment, insolvency and officer transparency, among others.
Itís going to be a whole lot easier to register and initiate a company for those who are starting up, but for those who are worried about difficulties in the competitive marketplace a new register will require that UK companies maintain a log of people who have substantial control over the company itself. When thereís such public access to information about these individuals there must be a whole lot more transparency and a deterrence to those who might use their hidden identity in negative ways.
The government has said that one of the overriding reasons for introducing this Bill was to remove a number of different barriers for growth in the small business economy. Any businesses that resort to questionable activities with regards to the rule of law will find that there are a number of clauses within the bill to make sure they do not disadvantage the small business owner who plays it safe.
Professional Representation Network encourages contractors to consider carefully whether they want to establish themselves as independent contractors for tax purposes or as small corporations. Either way, they are advised to seek out the help and guidance of a professional representative all the way down the line. There are many repercussions from the point of view of taxation, business law and a frequently changing legislative landscape to consider. The typical contractor will have enough on their hands taking care of their day-to-day activities and providing for themselves and their families, without trying to go it alone in all matters legal.
The Professional Representation Network is a complete contracting provider, providing a variety of services to contractors from varying industries around the world. They identify opportunities, negotiate contracts and provide support to contractors at every stage of the relationship. Relying on 40 years of experience in consulting and representation and access to an established network, Professional Representation Network brings passion to help develop a contractorís professional life.
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