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Contractor Accounting: Business Entity Tests are being scrapped!

by ClearwaysAccountants | Nov 30, 2014 | Contractor, Freelancer, IR35

HMRC produced the Business Entity Tests and a series of questions for contractors to use with the idea of giving contractors a good idea of whether IR35 applied to their business. But there were serious problems with the tests… The Business Entity Tests were...

Will the IR35 changes for directors and office holders affect me?

by ClearwaysAccountants | Jun 17, 2013 | Business tax, Contractor, Freelancer, IR35

What are the changes to IR35 legislation for directors and office holders from 6 April 2013? An office holder in company law means either a director or company secretary. Under tax legislation earnings from an office are taxed as employment income and are generally...

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