As we look ahead into 2023, there is no question that the UK economy has work to do to shake off the issues that overshadowed much of 2022. However, we believe the year ahead looks positive for our contractor clients.

The ‘experts’ tell us that the UK economy is heading into a downturn, which historically has seen an increase in the use of temporary workers. We see from our clients that new projects are pushing ahead in 2023 which is good news all round.

Although it has been widely reported that unemployment rates are presently at record lows, many firms are reluctant to increase headcount by employing permanent employees.

The flexible workforce is a vital lifeline for the UK economy, in times of boom or bust, so there is no doubt it will once more be needed to fill gaps and provide knowledge in many sectors.

Many companies across the supply chain are taking a more pragmatic approach to IR35 as they realise how important contractors are to their business.

Although it will be two years in April since the private sector reforms were introduced, we are seeing a constantly increasing number of clients finding outside of IR35 contracts and working through their own limited company.

Please contact us if you need any help or advice on working through your limited company.