Public sector contractors

Public sector This post only applies to off payroll “contractors” (including locums or consultants etc) who are working in the public sector, such as for the NHS, a government agency, university or local authority and use a limited company to raise invoices. Contractors working in the private sector will not currently be affected by these… Continue reading Public sector contractors

Setting up company structure

Factors involved in setting up company structure There are different factors involved in setting up company structure and it depends on the type of business, circumstances of the shareholders and their aims for the business.   Shareholders: if you may sell the company and re-invest the profits a holding company may be useful otherwise, the co-founders can… Continue reading Setting up company structure

IR35

What is IR35 IR35 ensures that contractors who are effectively “shadow employees” pay tax like normal employees. There is legislation for substance over legal form of a relationship between a contractor (or freelancer or locum) and client. Some contractors use limited companies to invoice “clients”, but the overall facts suggest they are actually employees and are “inside of IR35”. The… Continue reading IR35