Tag: IT Contractors

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Articles

All You Need to Know About IR35 for the Private Sector

There is still consultation ongoing, but it remains realistic that on 6th April 2020 IR35 will be implemented in the private sector. It will be a game-changer as the government anticipates to increase its taxation and NIC.

How Contractors can avoid IR35 in the Private Sector

Contractors must work out how much tax and National Insurance they must pay. So, if a contractor is caught not paying enough, the punishment is to pay 25% more in tax per annum. So, it is within their best interest to avoid this.

Contractors Tax Issues
HMRC

Contractors Tax Issues – A How to Guide

If you’re on the lookout for a new accountant to handle your tax affairs and need to ensure you find just the right fit for the job, read our tips on how to find the financial whizz you need, allowing you to get back to the important job of running your business.

Accountants for contractors
HMRC

Accountants for contractors – How we can help

We as accountants for contractors can help you to maintain your accounts, adhere to policies and help you to get a good picture of your finances. We can also help you file tax returns and respond to any queries from HMRC, taking a weight off your shoulders.

Contractors EBT Tax Avoidance
Our Blog

HMRC hunt for contractors EBT tax avoidance : Accountants Approach

For years the Government and HMRC have tried to curtail the actions and processes of EBTs only to create more complex legislation. In recent years attempts have been made to clarify and simplify procedures for the operation of EBTs culminating in elements of the 2016 Finance Bill.

HMRC Fraud Investigation Service
Our Blog

HMRC Fraud Investigation Service – Code of Practice 8

If you are found to have done nothing wrong, you will be informed that the investigation has been completed and no further action will be taken. You may be susceptible for repeat investigations in subsequent years if further suspicious tax data is received.

IR35 Accountants Approach
HMRC

IR35 Accountants Approach

If you consider how many contractors work for a major public sector body like the NHS, then the logistics of such a task are unfathomable. Most public sectors teams lack the necessary experience and understanding of case law to make a reasonable decision.