Just been on the phone to my accountant. It's a small firm, just 2 chartered accountants and a team of assistants. These guys are very good at what they do and I have been with them for a very long time.
He told me they've lost 15 contractors from their books in the past month, because the contractors' clients have changed policy due to the April 2020 reforms, i.e. no more contractors.
This of course echoes everything we've heard. Everything that the government is choosing to ignore.
15 clients lost is a big deal to any small firm. He knows this is just the beginning and the trickle will soon turn into a flood as more corporations turf out contractors. He will adapt by closing his business, or at least the IT side of it. The result is of course more job losses.
And accountancy firms aren't the only peripheral businesses to suffer due to the reforms. Agencies will become defunct. Insurance companies will lose vast amounts of business. IPSE won't have anything to complain about.
I know you guys know all this, but I felt the need to write because I genuinely had sorrow in my heart for my accountant. He couldn't understand why I was so calm - I am calm because I've been in IT too long and have seen a lot of sh1t happen, including the Loan Charge. April 2020 is just another date to me and I will move on, or move out, whatever.
I just want to be sure that everyone - IT Contractors, Accountants, IoD, Qdos, IPSE, Umbrellas, everyone - is telling the government that they are so very wrong on the reforms. Some are, but it doesn't feel like a lot are. Of course, the banks don't care and never did (I learned that that hard way many years ago). But the rest, surely they need to speak up, and not just by writing a mediocrely worded letter to their MPs.
There are hundreds of other businesses out there that will have to make many many thousands of people redundant once the IT contracting model shuts down.
Why aren't we hearing a whole heap more noise from them?
He told me they've lost 15 contractors from their books in the past month, because the contractors' clients have changed policy due to the April 2020 reforms, i.e. no more contractors.
This of course echoes everything we've heard. Everything that the government is choosing to ignore.
15 clients lost is a big deal to any small firm. He knows this is just the beginning and the trickle will soon turn into a flood as more corporations turf out contractors. He will adapt by closing his business, or at least the IT side of it. The result is of course more job losses.
And accountancy firms aren't the only peripheral businesses to suffer due to the reforms. Agencies will become defunct. Insurance companies will lose vast amounts of business. IPSE won't have anything to complain about.
I know you guys know all this, but I felt the need to write because I genuinely had sorrow in my heart for my accountant. He couldn't understand why I was so calm - I am calm because I've been in IT too long and have seen a lot of sh1t happen, including the Loan Charge. April 2020 is just another date to me and I will move on, or move out, whatever.
I just want to be sure that everyone - IT Contractors, Accountants, IoD, Qdos, IPSE, Umbrellas, everyone - is telling the government that they are so very wrong on the reforms. Some are, but it doesn't feel like a lot are. Of course, the banks don't care and never did (I learned that that hard way many years ago). But the rest, surely they need to speak up, and not just by writing a mediocrely worded letter to their MPs.
There are hundreds of other businesses out there that will have to make many many thousands of people redundant once the IT contracting model shuts down.
Why aren't we hearing a whole heap more noise from them?
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