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Practices hit in Finance Bill

Accountancy Age

PROFESSIONAL SERVICE PRACTICES, including accountancy firms, have been hit harder than expected in this year’s Finance Bill as the government looks to crack down on disguised employment. The government is determined to put a stop to the current rules, which allow junior employees to be classified as a partner for tax purposes, when in reality their job is unchanged and they hold no decision-making power, equity or capital risk. Under the…

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