Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Business

Understanding the Impact of IR35

If you are a contractor or freelancer when the IR35 rules came into force a few years ago you were probably affected by them. It will have changed the way you work and how much you can earn.

Years later some people are still adapting to the change and trying to work out how to get the most out of working as a freelancer. However, fully understanding the IR35 rules and not falling fowl of them is not easy. Like a lot of rules and regulations they are written in legalise which makes them quite hard to understand. In addition, of course, they are open to interpretation.

For this reason, most contractors and freelancers have taken the safest course of action and got help from professionals. They employ IR35 accountants.

What IR35 Accountants Can Do For You

IR35 accountants can help you to understand the rules and regulations, which is important. However, they can also save you money. Because they fully understand the rules, they know how to declare your income, so that you remain legal, but pay as little tax as possible.

There is nothing illegal about what they are doing. They just help you to make the most out of the situation. The very best IR35 accountants will even advice you about how to draw up a contract.

Why You Need IR35 Contract Advice

Because of the nature of their work many contractors or freelancers end up working for certain firms for long periods. If you are not careful, the fact that you are doing this it can look to HMRC like you are not working on a freelance basis. It can appear to them that you are in fact a permanent employee of a particular company. This means that instead of being paid as a freelancer you should be paid as an employee, i.e. under the PAYE system.

HMRC want as many people as possible to be paid using PAYE because they can easily collect more tax. You do not want this and an IR35 accountant can ensure that your contract and work patterns are structured to keep you out of the PAYE system.

 

Beevers and Struthers specialise in freelancer and contractors accounts. They have decades of experience, so give the best IR35 advice available.