Contractors and IR35

If you work in I.T., engineering, business consultancy or any field where your expertise is your currency, you’ll benefit from our expert advice on business structures, off-payroll working rules and tax returns. It’s about ensuring your freelance business is profitable and compliant.

The most important aspect of tax for most contractors is IR35, as the off-payroll working rules are informally known. They are designed to prevent ‘disguised employment’, through which high-paid employees and their employers are regarded by HMRC as avoiding tax. In practice, many genuine freelancers find themselves caught up in these rules and forced to jump through hoops to prove that they aren’t employees. We can help you navigate HMRC’s guidance and ensure that you present clearly and unambiguously as ‘outside IR35’ and so achieve true tax efficiency.

Beyond IR35, we can also provide day-to-day support with bookkeeping, accounts preparation, and statutory filings with HMRC and Companies House where appropriate. We’ll also look after your annual tax return, whether that’s in the form of a limited company corporation tax return or personal income tax self-assessment. That’s about making sure you deduct every single reasonable business expense before calculating your profit and tax liability, as well as making the most of any allowances to which you might be entitled.

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