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Contractor guidance on record keeping for HMRC’s Business Record Checks
Contractors can easily ensure their records are in good order if HMRC undertakes a Business Records Check, says InTouch Accounting’s Paul Gough.
�rn (PAYE) compliance review, and possibly also an IR35 investigation.” Gough’s good recordkeeping checkl� �good business practice that support a successful contracting career. HMRC has a team of 120 specialists that i�
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Articles: Limited Companies
| Mon, 21 Nov 2011
Privilege Accounts launched by contracting industry experts Roback and Stanton
Contractors “who don’t want to be part of a production line” have a greater choice of contractor accountant after the launch of Privilege Accounts.
�’s services will also include general guidance on IR35 .�
Category:
News
| Mon, 14 Mar 2011
Spending contractor limited company profits tax efficiently
According to Duncan Strike of Quay Accounting, contractors should be looking closer to home when deciding how to spend the cash in their business.
�for which contractors should put aside money, is IR35 . As he says, “We all know that contractors’ past� �found to be within IR35 for one of their previous contracts, the fallout can be very costly . If there is any� �te sums for tax, and unexpected periods without a contract, Strike says there can still be plenty of cash le�
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Articles: Limited Companies
| Mon, 09 Mar 2009
IR35, tax avoidance and Ed Lester: a potent mix threatening contractors’ livelihoods
Contractors are right to be worried by interim management contractor Ed Lester’s trial by media, because an unjustified backlash might be the result.
�ster’s arrangement ‘looks just like’ he is inside IR35 BBC News claimed that Lester’s pay was “channelle� �good track record for turnaround projects. He was contracted on an interim basis via a well regarded interim a� �y coming under increasing criticism for running a contracting business. So why be worried? Well, for a multitud� �erims are routinely hired on this basis, nor that contracts of this kind are a commonplace commercial arrange� �tial appointment, Lester went on to renegotiate a contract renewal lasting two years. Would you agree that,�
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News
| Fri, 03 Feb 2012
Please Boris, don’t torch the UK’s flexible workforce
PM Boris Johnson stands of the verge of torching the UK’s flexible workforce, causing irreversible damage to business and the economy in the process.
�ity alone increases the cost of hiring an ‘inside IR35’ contractor by 14.3%. Even more so when you bear� �of whom have cash reserves to fund time away from contracting and are happy to do so for numerous reasons, incl� �is to assess engagements and offer ‘outside IR35’ contracts where fit – to be a viable option. This stems fro� �ontractors for the same outlay is to reduce their contract rates by 25%. Inevitably, contractors are voting�
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News
| Mon, 24 Feb 2020
Negotiations with contractors - guide for firms hiring contractors
Contractor negotiations are usually handled by the agent. But, if a client does deal direct, understanding contractor negotiations is key.
�ser who is a specialist in contractor affairs and IR35 . It is quite normal for the contractor to ask fo� �when hiring direct When the client is hiring and contracting direct with the contractor, they are responsible� �awyer, as they are the service provider. Once the contracts have been finalised the contractor will send the� �kely to cover rates and any specific terms in the contract the client or contractor would like to be include�
Category:
Articles: Hiring Contractors
| Mon, 25 Jan 2010
Contractor tax reliefs under Office of Tax Simplification spotlight
The Office of Tax Simplification has published a list of over 1000 tax reliefs it plans to review, including many used by contractors to reduce tax.
�business taxation that includes an assessment of IR35 , has no powers to repeal tax legislation, but wi� �w Committee . The committees’ memberships include contracting sector representatives – PCG Chairman Chris Bryce�
Category:
News
| Wed, 10 Nov 2010
Contractor Interview: Networking, hot skills & a strong CV keep contracts coming
Financial IT veteran Peter Pilgrim minimises time spent ‘on the bench’ through networking hard, keeping his skills current and having a ‘killer CV’.
�He has always traded via an umbrella company, so IR35 has never been an issue for him, but Pilgrim admi� �is role was made redundant, he took the leap into contracting, first landing a Java developer contract role at� �CV Despite the fact that typically over 85% of IT contracts in the UK come via agencies, Pilgrim has secured� �T contractors can maximise the time they spend in contract by building and managing a strong network, invest�
Category:
News
| Mon, 29 Jul 2013
Contractor interview: enjoying business and lifestyle change
Contractor Craig Rider has successfully made the transition from single client agency work to multiple client small business. Yes, Craig is making a bit more money now, but the real advantage is a flexible lifestyle.
�ourself as clearly different as possible to avoid IR35 .'' [Ed: See our recent feature ' Contractors ust� �explains, ''but the large company that the IT was contracted out to began making what I thought were some very� �nd Rider is very happy about making the switch to contracting. ''I worked for a big organisation as an employee� �that financial pressure didn't force him into bad contracts. One of the real advantages of contracting is the�
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News
| Thu, 29 Nov 2007
Successful contracting requires mindset change, believes business analyst contractor
Successful contractors must develop a contracting mindset that is distinct from that of a permie, says financial IT business analyst Eleanor Miller.
�project, and you simply have to manage them too.” IR35 is always an issue but so far it has never been a� �Contractors need to develop a contracting mindset that is distinct from that of a permanent� �s approach has led to her winning a succession of contracts since she took the leap into contracting in 2010.� �another job and continue being unhappy, or find a contract.” Eleanor warns that employees on long notice per�
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News
| Thu, 27 Nov 2014
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