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Umbrella contractors can’t open limited companies to claim T&S relief
Umbrella companies don’t have to consider adopting risky operating models to continue processing contractor T&S, thanks to a new SDC testing solution.
�tors who traded via a PSC and who were outside of IR35 were exempt from the T&S restrictions. As a r� �able to continue processing T&S expenses in a compliant manner maintain a competitive edge in the market,� �hem onto other tasks not originally agreed in the contract. One concern is that HMRC guidelines note that th�
Category: Articles: Contractor umbrellas companies | Wed, 22 Jun 2016

Contractor limited company directors’ roles and responsibilities
Company directors have clear roles and responsibilities in their management of limited companies and failure to comply can result in severe penalties.
�yers Annual Return, P60, P14, P11D, P11d (b), and IR35 calculation, if required, plus PAYE and NIC payme� �he running of the company Ensuring the company is compliant with employment law Completing risk assessments a� �rtant, if a contractor who is a director of their contracting limited company does not deliver these documents�
Category: Articles: Limited Companies | Tue, 21 Jul 2009

Off-payroll (IR35 Reform) plan to be scrapped – 10 essential facts
IR35 reforms to be repealed. Find out what this means, whether it will happen, and how you can prepare for April 2023.
�t the Government plans to repeal the Off-payroll (IR35 Reforms). Since then, considerable confusion has� �ance Act is changed by a Finance Bill. Firms with compliant regimes and contractors operating Outside IR35 ca� �itive step from the Government that champions the contracting industry. The Liz Truss Government is very pro-gr� �ors to operate via a limited company. Whilst some contracts have been offered "Umbrella only", this may conti�
Category: Articles: Off-Payroll (IR35) Reforms | Fri, 30 Sept 2022

Role-based blanket IR35 assessments are unlawful and highly risky
IR35 blanket assessments based on assessing roles are unlawful and present huge risk, yet HMRC still encourages their adoption.
�Since the Off-Payroll rules passed the IR35 compliance burden over to contractor clients and� �escription or role also falls a long way short of compliant behaviour. The problem with role-based assessment� �to the already diminished appeal of ‘inside IR35’ contracting and creates significant difficulties for recruite� �cal facts and terms and conditions apply to other contracts, and it is then not necessary to review every ind� �who uses someone else’s assessment is not. “Each contract needs to be assessed and passed in the name to wh�
Category: Articles: Off-Payroll (IR35) Reforms | Fri, 25 Jan 2019

Comparing taxes: contractors versus employees
Compared with employees, contractors enjoy only modest tax advantages and generate considerably more tax. Find out how you can help HMRC realise this.
�ount of taxes deducted is the effective rate. Why IR35 isn’t the answer to HMRC’s prayers Though the dif� �s unlimited IR35 assessments, helping you to stay compliant with IR35, combined with insurance to protect aga� �take from contractors and employees. How tax from contracting and employment income compares Let’s consider thi�
Category: Articles: Tax Issues | Mon, 03 Jun 2019

Contractor guide to understanding umbrella company payslips
Contractors receiving their first umbrella company payslip may benefit from help to understand the calculations, says Chris Futcher of Pulse Umbrella.
�f The Pulse Umbrella Group , payslips provided by compliant umbrella solutions providers will be transparent� �. Approved expenses are “ deducted from the gross contract income and set aside to be reimbursed outside of�
Category: Articles: Contractor umbrellas companies | Wed, 19 Dec 2012

Taking salary and dividends – best tax strategies
Contractors can tax efficiently extract earnings from their contractor limited companies by paying themselves a low salary and the rest as dividends.
�is the settlements legislation (Section 660) and IR35? The practice of sharing company ownership and th� �s unlimited IR35 assessments, helping you to stay compliant with IR35, combined with insurance to protect aga� �choose an accounting firm who specialises in the contracting industry and understands how to achieve this - se� �nd dividend option for the period of the relevant contracts, and must instead pay themselves everything via a�
Category: Articles: Limited Companies | Tue, 19 Dec 2017

Contractor tax avoidance schemes – an overview
Contractor tax avoidance schemes are worlds away from the schemes used by corporates and the wealthy – and some of them work, says David Colom of DJ Colom & Co
�ainst the ‘spirit’ of the law. But they are fully compliant with the law and do work.” Tax avoidance schemes�
Category: Articles: Tax Issues | Thu, 10 Jul 2014

How to pass an IT interview - 21 killer tips to get that job
Are you a great techie but terrible at interviews and don't get hired? Read 21 tips for IT interviews.
�r not being hired to use the latest Whizz-bang CV compliant technology, but are there to help their business.� �ason they will consider hiring you. To shine at a contract interview for an IT contract and get offered the�
Category: Articles: Job Search | Tue, 21 Nov 2017

Umbrella companies and IR35
Explains whether it can be avoided using an umbrella scheme.
�Contractor payment structures and IR35 As a contractor, your IR35 status is not dependan� �r you fall inside IR35 is solely dependant on the contract between your limited company (or umbrella company�
Category: Articles: IR35 | Mon, 03 Jul 2006