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The Association of Independent Professionals and the Self-Employed (IPSE) is a British not-for-profit organisation. It was established in 1999 as the Professional Contractors Group , a protest group against the IR35 tax statute. [ 1 ]
It attempted to help the UK's government to be able to keep track of the way that the UK labour market was affected by the workers from the A8 countries. [1] The scheme is no longer in operation as the last day on which a new worker in the U.K. was required to register was 30 April 2011. [2] [3]
It is registered with Companies House as The National Federation of Self Employed & Small Businesses Limited (company number 1263540). [2] FSB is a member-led, not-for-profit and non-party political organisation. [3] FSB is a lobbying organisation representing small firms and the self-employed to UK, national, local and devolved government. [4]
Self-employed persons sometimes declare more deductions than an ordinary employee. Travel, uniforms, computer equipment, cell phones, etc., can be deducted as legitimate business expenses. Self-employed persons report their business income or loss on Schedule C of IRS Form 1040 and calculate the self-employment tax on Schedule SE of IRS Form 1040.
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As of January 2020, self-employed National Insurance Contributions (NICs) will be categorised as Class 2 when profits are between £6,365 and £8,631.99 a year. If a self-employed worker earns £8,632 or more a year they will be categorised as Class 4. Class 2 contributions are charged at £3.00 per week and are usually paid by direct debit. [18]
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In the UK, self-employment is an option for disabled people. Of those in paid work, 18 per cent of disabled men and 8 per cent of disabled women are self-employed as their main job, compared to 14 per cent and 6 per cent of non-disabled men and women respectively. [42]