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IR35 – What to Consider

Even among experts, the IR35 legislation is seen as complex. With many different factors to consider when making an IR35 decision, setting the tax status of contractors isn’t always black and white. But this isn’t a recent development...

Seven mental health and wellbeing tips for contractors

As part of Mental Health Awareness Week 2019, accountancy firm Nixon Williams has produced a list of top tips for contractors in partnership with the Samaritans Specialist contractor accountancy provider Nixon Williams has drawn up a lis...

What Happens in an HMRC Tax Enquiry?

When HMRC opens an enquiry into you or your business’ tax affairs, it doesn't mean that they think you've done anything wrong. HMRC routinely checks a percentage of the tax returns that it receives to ensure that they are correct.  Fo...

Mental Health Awareness For Start-Ups

Those who found a business are renowned for being resilient, fearless and courageous. However, the internal realities are that: either being-self employed, or building a business from scratch, comes with an insane amount of pressure. And ...

The 24 Month Rule – Travel Expenses

Q. I started an IT project management contract with my client 2.5 years ago. The role is based in the client's office close to my home and agreed that occasional travel to the client's other offices would be required, for which they would r...

Turning a family home into a student investment

Buying properties to let to students offers some of the highest yields on the market. If you are looking to move home, then rather than selling your house, you could consider converting your home in to a student investment. There are plenty...

Beating ‘BROWN ENVELOPE Anxiety’

In mid-May, not many are thinking about their tax returns. But for some, ‘brown envelope anxiety’ is a crippling fear that doesn’t always go away just because there are no close deadlines to meet. This week, for Mental Health Awarenes...

Wearing two hats?

Mark McLaughlin looks at a recent case on information notices which considered the information exclusion for auditors and tax adviser. Information Notices are commonly issued by HMRC to require taxpayers to provide information or produce...

IR35 – What to Ask Your Accountant

It’s vital that you ask your accountant the right questions when it comes to IR35. As the number of contractors working in the UK and contributing to the economy has risen rapidly in recent years, so too has the number of firms claimin...

Contractor Holiday Pay?

Q. I am currently a self employed contractor (limited company) for one of the large banks, via a contracting agency. The bank has advised that all staff including contractors must take 2 weeks time off during the year for their 'wellbeing'....

HMRC lose another high-profile IR35 Tribunal Case

Kaye Adams, best known for her work on ‘Loose Women’, is the latest TV presenter to have come under the scrutiny of HMRC. Despite the wide-ranging ...

IR35 NHS Trust Exemption

In October 2017 I commenced working for a West Midlands NHS Trust via a contract agreed with their chosen agency. The contract was advertised at £350 per day and was said to be outside of IR35. On inspection of the contract there were t...

Are You a Business or a Job Seeker?

With HMRC and other parts of government on a crusade to abolish entrepreneurialism and have us all working for big businesses, Contractors are under the microscope more than ever before. As an SME business owner, I too have felt the inco...

PAYE for contractors?

Q. There is something that has been confusing me for a while regarding who is ultimately responsible for the payment of PAYE for contractors. As I'm sure are aware, when the supreme court sided with HMRC in the rangers EBT case, HMRC via...

IR35 Ministry of Justice Exemption

I'm not sure if it is only HMRC that is exempt - I have had a similar experience with being approached for other public sector departments. In this instance it was the Ministry of Justice. This is what was sent by the recruitment agent a...

Preparing for IR35 Changes: Are You Ready for April 2020?

IR35 or the “off-payroll working rules” as they are known are intended by HMRC to make individuals who work like employees pay broadly the same (higher) employment taxes as if they were actually employees, even if legally speaking the...