Accounting for contractors typically involves a number of specific considerations that differ from those involved in accounting for employees. Here are some key things to keep in mind: Contractor status: It’s important to determine whether a worker is a contractor or an employee, as this will have an impact on how they are taxed and […]
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PUBLIC ACCOUNTS COMMITTEE (PAC) PUBLISH DAMNING REPORT INTO IMPLEMENTATION OF OFF-PAYROLL RULES ON PUBLIC BODIES
18
Jul
Jul
The report is scathing in its criticism of HMRC implying that HMRC have failed to: Make realistic cost assessments. Fully understand the impact of the changes on businesses and contractors. Understand the wider implications on the impact of the reforms. Below is a summary of the salient points of the PAC report. SUMMARY OF PAC […]
26
Nov
Nov
As already widely reported the controversial reforms to off-payroll working rules will go ahead in April 2021. Several MPs including David Davis tabled an amendment to the Finance Bill to delay the bill until April 2023 but the motion was defeated back in July this year. There have been other calls from other groups for […]
18
Sep
Sep
IR35 EMPLOYMENT VERSUS CONTRACTING In this article we will detail some tips on how to stay outside IR35 but it is also worth reviewing the benefits of permanent employment versus contracting. You may read the statement from Contractor websites that “To stay outside IR35 is crucial for the financial health of contractors”. That statement is […]