Jeremy Hunt speaks Words of Wisdom in his Interview with The Daily Telegraph on 28.1.23
“If you are over 50, you’ve actually got time for another entirely new career in your life”
Rather startling words from Jeremy Hunt, don’t you think? Or perhaps he’s got a new speech writer? Or is this a new Government Policy?
Not globally recognised as a flag-waving, inspirational motivational Speaker, breaking new ground – launching new thinking – although he does have a personal record of achievement in setting up and selling a business – what exactly does he mean by this unexpected exhortation.
Who needs to do what, to whom, when and how?
Working Free is a specialist Board Advisory Business supporting organisations and their Director-level executives transitioning towards independent working and thinking.
Whist we are pondering on this, let’s start with the wheel that squeaks loudest in the everyday life of so many senior executives operating on an independent basis. IR35
If this applies to you let us have your view on this mooted, new and innovative solution to this unsatisfactory, unnecessary and unjust form of taxation.
“The government should create a new type of limited company which any independent worker may set up and trade through. Normal rules for limited companies apply except that this type is forbidden to pay dividends and remuneration to family members not formally employed in the business. Taxed. They would file quarterly reports – virtually identical to the VAT system – and pay over PAYE and NI relating to remuneration paid out by the company during that period. In this way, legitimate expenses can be charged in accordance with company and tax law and the engaging client company has no responsibilities in this regard. If, and when, wound up, any surplus would be deemed to be income of the Directors at the time of winding up and taxed accordingly.”
Focussed on just this, Working Free has developed a new, entrepreneurial and expert approach.