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Contractors annual company accounts - explained
A guide to the financial accounts that contractors working under a limited structure need to prepare each year.
�nd share capital of the company. What effect does IR35 have? If your company is in receipt of any IR35 c�
Category:
Articles: Limited Companies
| Mon, 19 Jun 2006
Counting the true cost of a contractor accountant
Derek Kelly of ClearSky Accounting explains how contractors can use a checklist to spot the hidden costs in advertised contractor accountant fees.
�ll businesses and are subject to legislation like IR35 , Kelly warns that most high street accountants w� �off outsourcing everything and focusing on their contracting business, as attempting to save money by doing th� �ost small businesses don’t have to factor in IR35 contract reviews , and because their income and cost base�
Category:
Articles: Limited Companies
| Thu, 11 Feb 2010
HMRC pulls wool over NAO’s eyes during CEST enquiry
HMRC has responded to the NAO’s CEST enquiry with familiar standard responses, reinforcing the urgent need for a comprehensive IR35 review.
�esting of CEST HMRC’s assessment of the impact of IR35 However, as Chaplin highlights, the public body’s� �tioning with a number of stock responses that the contracting sector is now too familiar with,” says Contractor�
Category:
News
| Wed, 11 Dec 2019
Off-Payroll: Tories facing crisis with tax reforms set to decimate flexible workforce
Government risks a labour market crisis as more than half of contractors plan to leave projects in response to Off-Payroll, a new survey reveals.
�Just 9% of contractors have received an ‘outside IR35’ assessment from clients 23% of contractors repor� �tend to do so temporarily while they wait for the contracting market to recover. Critically, less than 3% of re� �ent’s ‘inside IR35’ determination 77% believe the contract market will recover, enabling them to secure futu�
Category:
News
| Tue, 11 Feb 2020
Strong calls for delay or abandonment of Off-Payroll Tax during Lords inquiry
Contracting and industry experts have called for an abandonment of the Off-Payroll Tax during a House of Lords Finance Bill Sub-Committee hearing.
�asures to be used to inform the approach taken to IR35. Many experts called for a more holistic approach� �Contracting stakeholders and representatives from a range of� �e, why not just add a ‘hirers tax’ of 4-5% to all contract engagements?”�
Category:
News
| Mon, 24 Feb 2020
No evidence justifying Off-Payroll reform, Lords told by experts
The Off-Payroll Tax’s impact on vulnerable workers and HMRC’s failure to justify the proposed changes came under fire in the House of Lords yesterday.
�RC’s assertions of widespread non-compliance with IR35 by contractors. Concerns were also raised about t�
Category:
News
| Tue, 10 Mar 2020
Lords report tells Government to address IR35’s inherent flaws and unfairnesses
Lords tell the Government to use the delay of the extension of the off-payroll rules into the private sector to completely rethink the legislation.
�nd concluded in the reports summary that "....the IR35 rules — the Government’s framework to tackle tax�
Category:
News
| Mon, 27 Apr 2020
'Fix or ditch' the Off-payroll IR35 Reforms, says ContractorCalculator
The Government must fix the flaws with straightforward changes or ditch the legislation and reverse the damage harming our flexible workforce.
�The Off-payroll (IR35 Reforms) legislation has structural flaws that da�
Category:
News
| Tue, 07 Mar 2023
IR35 breakthrough – a new underwriter agrees to pay everyone's tax bill
Breaking news on the IR35 scene – a new underwriter has agreed to pay the entire market's tax bills if clients get the determination wrong.
�Breaking news on the IR35 scene – a new underwriter has agreed to pay the e�
Category:
News
| Sat, 01 Apr 2023
PGMOL Court of Appeal ruling means CEST overhaul now required
The Court of Appeal has reaffirmed again that the taxman’s interpretation of mutuality of obligation (MOO) is wrong in law.
�right on this matter, “ says Dave Chaplin, CEO of IR35 Shield, “and we now have binding law from the Cou� �. (Paragraph 125) To establish whether individual contracts are contracts of employment one needs to consider� �of overarching and single engagements, whether a contract exists, if it is one of employment, and whether i�
Category:
News
| Mon, 20 Sept 2021
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