Employees: to employ or not to employ? And should we all be making sacrifices now?

The headlines can make it feel as though hanging on for dear life is the only thing left to do in this economy: however, the same economic cycle that's brought us to this point can bring up some useful opportunities for those that spot them.

Some planning now can put you in the best position to take advantage of these possibilities, and perhaps help while hanging on now. This is the fourth in a series of alerts from Wragge & Co's Tax team, which consider ideas and strategies for making tax work for you. Read the first alert from Wragge & Co's Tax team.

Read Wragge & Co tips for using contractors to save on employer's National Insurance and turning salary sacrifice schemes to your advantage.