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Being small
business accountants and
IR35
accountants we have written this guide the way
we have written all of our small business guides i.e. in
simple, easy to understand language without any tax babble.
This particular guide, which is 40 pages long, will make it
easy to ensure your
IR35 compliance and has
the following sections:
IR35 Background
We explain how things were before IR35, why and when the
IR35 rules
were introduced, and how it affected contractors. We then
introduce some of the key concepts that come up in IR35
investigations.
IR35 Rules
We explain the IR35 rules and the schedule of the legislation
where they appear and then we provide a step by step guide on
how the extra tax and/or NIC due would be calculated on a case
caught by the rules.
Dealing with IR35
We give you our 5 main tips for protecting yourself from IR35.
This is the part every contractor should know. Later on in the
guide you'll find out more about why these 5 tips are so
important.
Limited Companies
We outline how the limited company method works and identify
its advantages and drawbacks and assess its IR35 risk. We also
explain the steps to go through to switch to a limited company
if you are already using another kind of set-up.
Umbrella Companies
We outline how the umbrella company method works and identify
its advantages and drawbacks and assess its IR35 risk.
* * Updated to take account of the "Managed Service
Companies" rules * *
Composite Companies
We outline how the composite company method works and identify
its advantages and drawbacks and assess its IR35 risk.
* * Updated to take account of the "Managed Service
Companies" rules * *
IR35 Insurance
We explain the types of
IR35 insurance available
IR35 Investigations
This is where you start to find out why our 5 main tips are so
important. In this section we explain how
IR35 investigations
often begin and what the tax inspector will look at. You'll
also learn one of the dirty tricks that some inspectors use
that catches a lot of genuinely self employed freelancers.
IR35 Contracts
The final section of our guide takes a look at what a good
IR35 contract
ought to contain. NOTE: After reading this section
you'll have a good appreciation for what a good IR35 contract
should contain. But don't try to write or review your contract
yourself. You DO need an expert for this. DIY contract
writing and reviewing is a false economy.
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