New Job contract would benefit smaller firms

New job contract option ‘would benefit small firms’

Small and medium-sized businesses should be allowed to treat workers as self-employed, research group the Adam Smith Institute (ASI) has proposed. The group claims that such a measure would release small firms from the administrative burdens of calculating PAYE and National Insurance, and they would not have to fund statutory sick pay for 28 weeks. It adds that if the Government were to consider the idea, it could introduce the new ‘self-employed under contract’ option relatively quickly to boost the economy.

About The Author

Mark Hodgson is the Managing Director of Tremark Associates, one of the UK’s leading providers of investigative services. Mark has 30 years experience in private Investigations and the commercial debt recovery industries. He is Vice President of the Association of British Investigators, a member of the World Association of Detectives, The Institute of Credit Management and an associate member of R3 -The Association of Business Recovery Profession.