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Help And Advice on IR35 Rules

By:   |   Jul 08, 2018   |   Views: 16   |   Comments: 0

Before you can start getting help and advice on the IR35 rules it is important to understand exactly what they are and how they effect you. It was in the late 90's that this tax rule was introduced by the government. The employment world saw a steady increase in freelance workers. These people left their current employers, started a company and then were re-taken on as contractors. This was simply a way for them to pay less tax for many people, which of course the government wanted to avoid. It was during this time that the IR35 rules were drawn up and implemented.

The rule is basically there to adjust the way that your tax is calculated if your skills are seen to be provided in the same way as if you were employed directly by the company.

Sounds complicated doesn't it? As a general rule you want yourself to be deemed outside of the IR35 rules. This means you are counted as self employed and you pay less tax. This means that the money you get to take home each month is the absolute maximum it can be - all very important when you are running your own business.

Of course no one can expect you to know the steps to take to make sure that you are outside the IR35 rules. That is why you need a company like ClearSky to take a look at things for you. They are a specialist accountancy company which means they know exactly what it takes to make sure you fall outside of the IR35 legislation. This is not something to be taken lightly because if you declare yourself outside of the IR35 rules, but the Inland Revenue says otherwise, you will be hit with a hefty bill.

That said, they will also give you advice if you are inside the IR35 rules so it is well worth speaking to them for help and advice.

No one can expect you to know everything there is to know about tax and the rules involved. That is why ClearSky exist, to take away the worry of tax from you. They deal with this day in and day out so it is something the team are very knowledgeable about. Don't let tax stress you out when there is someone out there willing to take care of it for you.

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