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Will IR35 affect me?

Q. I work for several local Authorities as a Complaints Investigator, I have always been self employed. Will IR35 affect me?A. IR35 is assessed on a series of status tests using the written contract terms/your working practices for each individual engagement. Without these, i...

Three quarters of the population don’t have Life Cover

According to research, almost three quarters of the UK population and 41% of business owners do not have any form of life insurance policy. The findings indicate a high risk that millions of British citizens could face financial hardship and difficulties as a result of not having...

Advertising Your Services

Q. A friend of mine wants to put my picture on his limited company website, advertising me a highly skilled contractor he uses to help him generate orders of course. I operate a limited company, could this be interpreted that I am an employee of his company?A. As long as it i...

Self-Employment Under Labour

The Labour Party manifesto has identified umbrella companies as a blight on employment taxation and limiting workers’ rights and has pledged to ban them should it be voted into power on 8th June.Whilst Labour acknowledge that self-employment is a vital and entrepreneurial...

Identify Yourself

The Association of Independent Professionals and the Self Employed (IPSE) has called for a statutory definition of self-employment to end confusion and uncertainty, and ensure that working for yourself is seen in a positive light. Their solution is to determine self-employed st...

IR35: Reviewing Previous Years

Q. I work in the private sector and, along with other contractors, are preparing for the introduction of the same IR35 legislation in the public sector.One question I have is that, if placed within IR35 legislation by the client, could HMRC review previous years of working? I...

Something to Declare?

HMRC periodically run campaigns or disclosure opportunities for taxpayers who might have underdeclared their tax liabilities and thereby encourage such people to make disclosures sooner so as to reduce interest and penalties and not undergo a formal investigation. During the la...

Taking the Strain

A recent report published by the House of Commons Work and Pensions Committee, titled ‘Self-employment and the gig economy’, concludes that the facade of self-employment recently highlighted in the gig economy is placing an unsustainable burden on the welfare state...

Public Sector Changes: Self Employed Teacher

Q. My friend is a self employed yoga teacher. She works at 6 different places during the week - but does two half days at a school. Today she was told (out of the blue) by the school that because of IR35 she can no ...

Expenses and benefits – what to report

For those that have not done so, contractors will need to consider what expenses and benefits they need to report to HMRC by 6th July 2017.The expenses and benefits regime underwent a transformation as from 6th April 2016 which saw:

  • Scrapping of the notion of a...

Redundancy pay for sole directors

There is a widely held view and common belief that company directors are not entitled to redundancy pay but in limited circumstances it may be possible.When a business fails and has to go into liquidation, directors, who have invested time, sweat and money in trying to esta...

Q&A: Relevant Critical Illness & Life Policies

In this week’s article, we’d like to share some commonly asked questions relating to Relevant Critical Illness & Life Policies from our contractor clients;Q. Can I take this cover with me if I stop Contracting? A. Yes, if you decide to hang up your contractor hat, th...

Keeping your savings tax-free

Interest savings rates have been low for quite some time now, so when deciding on where to invest your hard earned cash your priority is more likely to be the best interest rate and return on your investment rather than the tax implications of the savings vehicle. However, the ...