Search Results

11 tips for choosing the best contractor accountant
Once you've decided to trade using your own limited company, then choosing a contractor accountant is the next step.
�and understands key issues relevant to you, like IR35. Most high street accountants do not have this kn� �best trading option for the current stage of your contracting career is a limited company, then choosing a spec� �don't pay tax twice. Some accountants also offer contract reviews, but contractors should ideally consult a�
Category: Articles: Limited Companies | Wed, 22 Nov 2023

Valid expenses as a contractor - what you can claim
We describe in detail what expenses are allowed to be claimed when you are contracting.
�u can claim will depend to a large extent on your IR35 status. The list of valid expenses you can claim� �ses you can claim is longer if you are working on contracts which are outside the scope of IR35. What are val� �ses outside of IR35? The expenses allowable for a contract not caught by IR35 would be as follows: The amoun�
Category: Articles: Expenses | Wed, 23 Nov 2005

Main reasons making a contract fail IR35
Describes the main reasons why a contract will fail IR35.
�re is often no single reason why a contract fails IR35 and is normally a combination of reasons. One has� �current contract. With regular work and “rolling Contracts” the Revenue will argue that you are an employee� �ntroduction There is often no single reason why a contract fails IR35 and is normally a combination of reaso�
Category: Articles: IR35 | Wed, 13 Sept 2006

IR35 danger: when your contract is different from the agency-client contract
HMRC always obtains the agency-client contract and compares it with the contractor contract. They rarely agree, and this spells trouble.
�In IR35 cases, HMRC always obtains the contract between t� �ract that you have with the agency. Two Different Contracts This presents a serious challenge to contractors,� �In IR35 cases, HMRC always obtains the contract between the agency and the client and compares it�
Category: Articles: IR35 | Mon, 10 Mar 2008

IR35 and substitution: substituting twice a year could save contractors thousands
Mounting evidence suggests that a contractor’s genuine right of substitution, if exercised, is the key status factor outweighing all others.
�determining factor placing contractors outside of IR35 . This is crucial, because with a contract that p� �of the services on their behalf then they are sub-contracting the work,” continues Vessey. “Paying helpers duri� �outside of IR35 . This is crucial, because with a contract that puts the contractor inside IR35, the typical�
Category: Articles: IR35 | Tue, 30 Sept 2008

IR35 issues for project managers working as contractors
Project managers can stay outside as long as they have no line management responsibilities.
�ey may well be identified by HMRC as being inside IR35 , with all the resulting additional tax liabiliti� �roject managers include: If the contractor starts contracting for their former employer, many existing staff wo� �Contractors who choose contracts with project management responsibility by definit� �igation, HMRC will typically require the original contract advertisement and any resulting proposal from the�
Category: Articles: IR35 | Tue, 17 Aug 2010

Why contractors caught by IR35 cannot necessarily claim employment rights
Roger Sinclair of Egos dashes the hopes of contractors caught by it claiming employment rights from their clients.
�Contractors caught by IR35 and being taxed as if they were employees are oft� �y have been mistreated by the client and/or their contract has been terminated early . However, according to�
Category: Articles: IR35 | Tue, 20 Apr 2010

Contractors must demonstrate business risk as part of keeping contracts outside IR35
Demonstrating business risk can show a contractor as ‘being in business’, thereby helping the case for being outside..
�account can use this evidence to help with their IR35 defence , because taking business and financial r� �lting The corresponding items for knowledge-based contracting businesses are capital expenditure on computers a�
Category: Articles: IR35 | Wed, 28 Apr 2010

Contractor HMRC inspections: do you have your IR35 life raft ready?
All contractors are HMRC investigation targets but will have nothing to fear with good preparation.
�hittaker of Qdos Consulting, which specialises in IR35 and legal matters for contractors throughout the� �ssential IR35 survival aids include: Ensuring all contracts are reviewed by an IR35 specialist Where possible�
Category: Articles: IR35 | Wed, 06 May 2009

IR35 - Top 10 traps to catch the unwary contractor
HMRC is always on the lookout for contractors who put themselves inside it by making easily avoidable mistakes. Here are the top ten traps to avoid.
�hat provide grounds for HMRC to investigate their IR35 status. And for those contractors without the sto� �this is a common feature in business-to-business contracts for services. 9. The client pays for your trainin� �ou were hired to do and that are detailed in your contract, and don’t let your client tell you what to do an�
Category: Articles: IR35 | Wed, 23 Sept 2009