For limited companies, IR35 often creates the most headaches of all. It can be extremely difficult to establish whether or not your company is remaining within IR35’s parameters and, as IR35 is one of the main contributors for tax inspections, it’s essential you understand what it means and that you’re adhering to its regulations.
In simple terms, IR35 determines whether you’re considered ‘employed’ by a client or providing ‘self-employed’ work or contracting services through your limited company. A somewhat confusing concept to get your head around, we have experts consistently on-hand to oversee all your contracts and ensure they’re 100% legitimate and watertight with regard to IR35.
One of the main factors to get your head around is how much control a client has over your work and the services you’re providing. How much involvement they have is crucial when considering IR35 and, if you’re truly considered self-employed or a contractor through your company, you should have ultimate authority and control over the parameters in which you work.
If you’d like to learn more about IR35 (which we would always recommend), click here to take a look at our in-depth guide. Here you’ll find everything you need to know.