I have a client who came to us for help in 2018 – with her tax return with some letters from HMRC. She is a social worker who was getting work via an Agency – and she was being paid by an Umbrella Company. The lady isn’t British and took all the advice she...
Under the new ‘IR35 in the Private Sector’ legislation that is due to come in from April 2020, end-clients will have to decide on the IR35 status of their contractors – and, for good or ill, they will commonly be using HMRC’s CEST tool (Check employment status for tax...
Contractors, working through their own Limited Companies sometimes think that the 24 Month Rule and IR35 are connected but they are not. You are caught by IR35 if you work more like an employee than a self-employed person but the 24 month rule relates only to travel...
Two Contractors can work through the same Limited Company. The pros are for couples because when one is earning more than the other, or one is without a contract, the tax can be equalized and it can help avoid Higher Rate Tax. Accountancy costs can be saved because...
Four factors are usually used to decide whether you are caught by the IR35 rule (working like an employee vs self-employed person). You are not caught by IR35 if: CONTROL: You decide how you work and it is not controlled by the client. SUBSTITUTION: If you have a...
As a Contractor you can handle your income in 3 different ways. Go on an agency payroll – the simplest option but you will pay PAYE and NI on your earnings; use an Umbrella Company where you again pay PAYE and NI plus pay the Umbrella Company a fee and possibly not...
