by ClearwaysAccountants | Jan 31, 2013 | Contractor, IR35, Self Employment, Small business advice, Tax planning
Contractors working through their own company for clients either directly or indirectly may be caught by the intermediaries legislation, known in the press as IR35. The effect of working through your own company The IR35 legislation was written in an attempt to stop...
by ClearwaysAccountants | Jan 9, 2013 | Contractor, IR35, Tax planning, Tax Tips
If you have been contracting for a while using an umbrella company and you have decided that you like the lifestyle and the challenge that contracting gives you, then it will be more beneficial to operate through your own limited company. We have a number of clients...
by ClearwaysAccountants | Jul 23, 2012 | Contractor, IR35, Self Employment, Small business advice
Here are some useful case studies from HMRC on how to apply their Business Entity Tests (BET) and IR35 to certain contracts… Case Study One – Emma Emma is a sole director, shareholder and worker of E Ltd. Emma contracts with an agency, which in turn...
by ClearwaysAccountants | Jul 23, 2012 | Business tax, Contractor, IR35, Tax Tips
HMRC have published guidance for contractors and freelancers to use to assess whether they are at a high, medium or low risk of HMRC checking their IR35 status – the guidance is NOT intended to indicate whether a contract falls within the IR35 rules. HMRC now...
by ClearwaysAccountants | Apr 11, 2012 | Business tax, Contractor, Setting up a Business, Small business advice, Tax Tips
What is your tax status? Employee or self-employed? This matters if you are a sole trader or if you operate through your own company. Freelancers or contractors working as self-employed sole traders can deduct business expenses from income; this reduces their tax...
