Contractor/IR35

What should you know!
What HDH Accountants can help with

Understanding Contractor IR35

Understanding the IR35 legislation as a contractor can be daunting and complex. At HDH, we are here to help simplify this and ensure you are 100% compliant. The off-payroll working rules can apply if a worker (sometimes known as a contractor) provides their services through their own limited company or another type of intermediary to the client. The rules (sometimes known as “IR35”)make sure that workers, who would normally have been an employee if they were providing their services directly to the client, pay broadly the same Income Tax and National Insurance contributions as other employees.

Contractor/IR35 

We work extensively with technology, IT and digital clients from pre-revenue start-ups to established businesses. We have a deep understanding of the sector and are passionate about building lasting relationships with you that add sustainable value to your business. We can advise you on contractor and IR35 legislation as it can be quite complex and getting it wrong can be costly from both a financial and time perspective. 

Key things to know

Do you fall within IR35

Have you fallen inside IR35 and now have to make the switch to an umbrella company? We can help you guide you to the correct steps to do this.

Benefits of an Umbrella Company or a Limited Company!

An umbrella company manages your tax payments and salary paid and you would be an employee and gives you an employer. Limited Company is that you are your own boss and have to manage all of your own payments and salary. 

Additional Funding Opportunities

There are many tax incentives, grants and funding initiatives available to UK businesses. Whether you’re a start-up or an established business, we can provide you with the crucial advice that will help you access additional cash to help your business grow. We are partnered with Counting King, an industry leading firm that specialise in tax incentives that can support you with accessing additional funding support. Get in touch to find out more about what cash is available to you today! 

Overview

All freelancers or contractors either Inside or Outside of IR35. How they manage this is up to them. Tax will be due from the contractor and salary/benefits will be determined by this.

Overview

All freelancers or contractors either Inside or Outside of IR35. How they manage this is up to them. Tax will be due from the contractor and salary/benefits will be determined by this.

Accounts

Inside IR35

For freelancers working Inside IR35 will be taxed at source and make all required NI contributions. 

Outside IR35

For Freelancers working Outside of IR35, will be paid to their LTD company.

Accounts

Inside IR35

For freelancers working Inside IR35 will be taxed at source and make all required NI contributions. 

Outside IR35

For Freelancers working Outside of IR35, will be paid to their LTD company.

Data Driven

Working with IR35 can bring a marked increase in paperwork, tasks needed, time required and new processes to deliver the correct solutions for the staff members.

Data Driven

Working with IR35 can bring a marked increase in paperwork, tasks needed, time required and new processes to deliver the correct solutions for the staff members.

For any help or advice please contact us:

Help with IR35 Contractors?

If you currently work as a contractor, thinking of  becoming a contractor or are a business owner that hires contractors, IR35 is something that you have to be familiar with. 

This legislation changed the face of off-payroll working. 

Self-employed contractors working through a limited company have been able to claim benefits from taxes, but  under IR35 rules the way this can be done lawfully has changed. Under IR35 it makes sure that contractors working in the same way as permanent full-time or part-time employees pay the same tax and national insurance as an employee. 

To learn more about how this could effect you contact us. 

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