Blogs

Preparing for IR35 Reform - Off Payroll

What is IR35? IR35 is a legislation introduced in 2000 that prevents individuals from setting up as a company to avoid tax and National Insurance contributions. IR35 is designed to ensure that the contractors working via limited company are working ...


IR35- The Deemed Payment

The IR35 rules are anti-avoidance rules designed to tackle what the taxman perceives as disguising employment status by providing services via an intermediary to avoid employment taxes and National Insurance contributions. IR35 legislation came i...


Employment Intermediaries: Travel Expense Guidance

If you are an employer and have appointed an employee there are various expenses to be taken care of. Here, we will talk about travel expenses. As an employer it is your duty to pay your employee travel costs, there are certain tax, National Insuranc...


Everything you should know about IR35

IR35 is an area that creates a lot of discussion and confusion among taxpayers and tax advisors and who it applies to. If you are self-employed or operating as an umbrella company, then you probably must have heard about the term “IR35.” HMRC ...


Step Guide to Reduce IR35 Risks

What is IR35? IR35 legislation applies to individuals who supply their services to the clients via their own limited company also known as personal service company (PSC). The legislation states that any contractor that is a disguised employee should...


Tax Implications Outside IR35

IR35 is a UK tax legislation. It is formulated to close the loophole in the tax system, where workers could use a setup of limited company to pay less tax. If the relation between the end client and the worker is of self-employment rather than employ...


Why Outsourcing payroll pays off?

Managing a recruitment agency is a time-consuming task. It involves a whole lot of processes such as dealing with the clients, placing the right candidates, administrative work and the list goes on. Recruitment Payroll is a complex task, it is not ju...


Pensions for the self-employed

Saving pension often can be difficult for a self-employed compared to an employed person. There is no one who can choose pension scheme for you, no employer contributions and irregular income patterns which can all make savings difficult. The earlier...


How much tax should I pay as a contractor?

Here, we are talking about tax year 2019/20. It totally depends on whether you are operating as a limited company or working through an Umbrella company. When you start contracting via your own company you will be liable for a number of business taxe...


Do I Qualify For Entrepreneur’s Relief?

Entrepreneurs relief means you’ll pay tax at 10% on all gains on qualifying assets. It reduces the amount of Capital gains Tax (CGT) payable when you dispose of shares in all or part of your business or liquidate your company. If you are selling a...