BREAKING NEWS – Repeal of IR35 reforms and back track on Corporation Tax
Jeremy Hunt, The Chancellor of the Exchequer, has today scrapped the plans to repeal the Off-payroll IR35 Reforms, which had been announced by Kwasi Kwarteng on 22 September 2022. As part of his ‘Growth Plan’, Kwarteng had set out [...]
How to avoid the most common Limited Company contractor pitfalls
For the most part, contracting through your own Limited Company is great. You get to choose when, where and who you work for, along with your day rate. But whilst there’s plenty of perks to contracting, there could also [...]
Should you opt-in or opt-out of The Agency Conduct Regulations?
The Conduct of Employment Agencies and Employment Business Regulations 2003 were created in 2004, with the aim to enforce a group of minimum standards which the UK’s private recruitment industry must adhere to. These standards are applicable to both [...]
The Status Determination Statement (SDS) – do you have yours?
As a Limited Company contractor the IR35 reform has probably played a big part in your year so far, including ensuring you were ready for whatever it had up its sleeve for you. But has your end hirer / [...]
Thinking about a career in contracting? Here’s everything you’ll need to get going in 2021
Congratulations on your decision to take the leap into contracting! What a fantastically exciting career you’re about to embark on. So where do you start? In this blog we guide you through the key areas you’ll need to consider [...]
Preparing for IR35 – a checklist of everything you need to consider and start doing now
The IR35 reform has been talked about, planned and postponed, but as we inch ever closer to April its myth is quickly becoming a reality. Whilst we’re unable to stop it from happening, we can ensure we’re all ready [...]
Working inside IR35? You can challenge your end-hirer / client’s decision
If you find yourself with an ‘inside’ IR35 status determination, and you believe that you are truly ‘outside’ then you are able to challenge the end-hirer / client’s decision. You may feel that a wrong determination has been made [...]
New to contracting? Top tips for staying on your path to success
Congratulations on your new career in contracting! Whilst it’s an exciting time there’s plenty to get your head around, especially if this is your first time in self-employment. But fear not! The experts here at SG Accounting have put [...]
IR35 April 2021 – a reminder of what’s happening
Remember when IR35 was the biggest thing to worry about? It feels like a life time ago now, and you may have even forgotten, given everything else that’s been going on. But whilst it may seem like it’s taken [...]
Considering a career in contracting? Here’s everything you need to know about IR35
Stepping out into the unknown world of contracting can be daunting, especially when there’s so much to get your head around. From leaving the security that permanent employment provided to getting everything ready, there’s plenty of things a contractor [...]
How to challenge a client’s IR35 determination
In 2017 when changes to the Intermediaries Legislation (IR35) were rolled out in the public sector, meaning end-clients were responsible for determining the IR35 status of limited company contractors, some employers took the decision to place all contractors inside IR35. [...]
Should I refuse IR35 contracts?
It’s estimated that thousands of independent contractors will be affected by the private sector IR35 changes. Even though concerns have been raised by organisations who represent contractors, freelancers and consultants, the changes are on track to come into effect [...]
Your options when working inside IR35
With April quickly approaching and the proposed IR35 changes to private sector contracts set to come into force, we’re continuing to delve deeper into IR35 and the potential implications it will have on contractors. Our ‘IR35 Survival Guide’ addresses [...]
IR35 April 2020 – essential FAQs
With IR35 changes in the private sector just around the corner, find out here exactly what is happening, how the change might impact you and what action can be taken to protect your contracts and take home pay. What’s [...]
Social media and your IR35 status
IR35 status is a major concern for most contractors, as depending on where your fall, i.e. ‘inside or outside’, determines what taxes you’ll pay. Status determination is based on satisfying several conditions, specifically; Direction and Control, Right of Substitution and [...]
What to expect from an HMRC IR35 inspection
It’s hard to say how many IR35 inspections HMRC undertakes each year, but figures place it between 250 -1000+. If you need a refresher on what IR35 is and how it can affect you as an independent contractor, then everything [...]
How will my take-home pay be affected by IR35?
Working through a limited company is one of the most tax-efficient ways to work as an independent contractor. This set up tends to work well for contractors who are deemed as working ‘outside of IR35’, but if you’re caught ‘inside [...]
Are you inside or outside of IR35?
The Intermediaries Legislation or ‘IR35’ as it’s most commonly referred to is a complex piece of legislation and knowing whether you’re ‘inside’ or ‘outside’ of it can be just as confusing. This article discusses what it means to be inside [...]
Important IR35 update: be prepared for April 2020
You will no doubt be aware of the proposed changes to IR35 (often referred to as the ‘off-payroll rules’) set to come into force from April 2020. Our aim here is to ensure you are aware of the support [...]
Are there any benefits to retaining a limited company while working ‘inside’ IR35?
Contractors are used to hearing that it’s best to avoid contracts which place them inside IR35. The main reason being that there’s a fair chance you’ll be deemed to be an employee and tax and NI will be deducted at [...]