Why use an Umbrella Company?
Why use an umbrella company? Following HMRC’s recent crackdown and focus on tax avoidance, many more businesses are now using an umbrella company as an employment solution for their contractors. …
What process should you choose for shutting down your limited company?
Last week, we outlined the two main methods of closing down a solvent limited company: voluntary dissolution and members’ voluntary liquidation (MVL). As both methods have the same outcome, it…
Shutting down a limited company – Two methods
Issues such as IR35 and the impact of COVID-19 have naturally prompted many to consider closing their limited company. While this is not always a necessary step, (e.g. if someone…
Contractor questions on IR35 answered
What is IR35?IR35, which is due to come into force for private sector companies from April 2021, is often inaccurately referred to as a tax. IR35 instead refers to a…
A 10-step guide to preparing for IR35
With the IR35 private sector reforms now certain to go ahead this April, preparedness and advanced planning will be crucial throughout the contracting supply chain in ensuring a successful adaptation…
Top tips to prepare for IR35
After numerous delays, the IR35 private sector reforms appear all but certain to come into force in April 2021. As such, getting ready for these changes will have to be…
IR35: What is it? And does it apply to you?
IR35 describes two pieces of tax legislation that seek to tackle tax avoidance by contractors and the firms that hire them. These contractors supply services to clients through an intermediary…