Day: April 3, 2021

It’s fair to say a lot of the financial reporting is heavily focused on the movers and shakers in Big Tech. That’s understandable when FAAMG (Facebook, Apple, Amazon, Microsoft, Google) companies account for such a hefty slice of the stock market. At one point in 2020, Forbes reported that those five companies represented around 25% of the total value of the S&P 500, and that they accounted before approximately 76% of the S&P 500’s 23% of gains since 2017. In short, financial reporting leans towards FAAMG companies because they have an outsized impact on the market.

However, it’s easy to forget that some big hitters from the traditional business sector should also be considered tech giants. Walmart, in particular, fits this bill. We think of Walmart as the giant brick-and-mortar retailer, but it launched its first eCommerce platform all the way back in 2000, and only Amazon has more unique … Read the rest

More than half of contractors don’t believe their end-client is ready for IR35, despite there being just one week before the deadline.

In its survey of IR35 experts also found that contracting professionals felt they were more ready for the changes themselves, with 73% of respondents stating that they felt prepared or somewhat prepared for the upcoming IR35 reform.

The data did reveal some worrying trends that could impact the availability of contract talent in the immediate future. Overall, 69% of contractors said that if they were deemed inside IR35 they would either leave or charge a higher fee, with just 14% stating that they would accept an inside IR35 decision.

This potential exodus of contractors from talent pools is further exacerbated by the struggles this group have faced over the last year. According to research conducted by specialist insurance broker Kingsbridge, a staggering 70% of contractors have gone without … Read the rest

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