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As a contractor in the UK, understanding the nuances of the revised IR35 tax legislation could be crucial for you. The IR35 checks, introduced under the new law effective from April 2021, require clients to determine your employment status. This shift in obligation can potentially impact your net earnings and increase your administrative tasks. The …
Is IR35 done and dusted? Not quite. Yes, some significant changes were on the horizon, planned for April 2023, but those got nixed in March 2022. These changes would have shifted the job of determining a contractor’s employment status from the contractors to the clients. But now, things remain as they were – contractors still …
Has IR35 been scrapped? 2023 Implications & Updates Read More »
As a sole trader, the IR35 tax law does not impact you as it targets contractors working through intermediaries like limited companies. Yet, you must adhere to employment status rules determining your tax classification as an employee or self-employed. If you’ve ever wondered, “Does IR35 apply to sole traders?” you’re certainly not alone. As a …
IR35 is a tax legislation in the United Kingdom that was introduced in 2000 to address the issue of tax avoidance by workers who provide services to clients through intermediaries, such as personal service companies (PSCs), but who would be considered employees if they were engaged directly. The purpose of IR35 is to ensure that …
What is IR35? Understanding the UK’s Tax Legislation on Intermediary Workers Read More »
Imagine you wake up one day to a tax department / HMRC letter informing you of an investigation into your financial records. In the United Kingdom, tax investigations are a common and potentially costly occurrence for individuals and businesses. As a result, many are turning to tax investigation insurance to provide protection against the financial …
An overview of tax investigation insurance and its purpose: Is it really worth it? Read More »
Mediators should consider malpractice insurance as a “preventive measure” rather than a “remedy”. It provides financial protection and peace of mind in case of any negligence or misconduct during the mediation process while ensuring compliance with state regulations. It’s always better to have coverage and not need it than not have it. Mediation is a …
So you’ve hit a slump in your business and you’re having trouble increasing your profit margin? Chances are, you’re either charging too little or too much to your current and prospective clients. Pricing your business services is one of the most challenging factors for your company and can prevent it from staying afloat. This quick …
Pricing Business Services: Are You Charging Too Little or Too Much? Read More »