IR35 is a set of tax laws which form part of the Finance Act. The first piece of legislation came into force in April 2000 and is properly known as the Intermediaries Legislation. IR35 takes its name from the original press released published by the then Inland Revenue (now HMRC) announcing its creation.The income tax element of the Intermediaries Legislation has subsequently been integrated into the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003), and the NICs element into the Social Security Contributions (Intermediaries) Regulations 2000.In April 2017 the Government introduced the "Off-Payroll Reforms", which is a separate piece of new tax legislation that applies to the public sector, but which is also, albeit confusingly, referred to as "IR35."The new Off-payroll rules were an admission by HMRC that the original rules were unenforceable. Whilst they both contain the common theme of "deemed employment", the newer rules introduce a different set of tax treatment, meaning that firms will now have to assess the contractors status, but, more importantly, pay employment taxes on top of the fees paid to the contractor.

If you are a contractor and decide to work through your own Limited Company, choosing the right accountant is essential. The right accountant can help your company meet all of its legal obligations and legally reduce your tax.Our highly trained teams provide a first rate service. You can benefit from free, unlimited expert advice from professionals dedicated to helping you maximise your pay.Whether you choose to go for a limited company or umbrella company for your payroll and accounting solution, we’ll ensure you are supported through each step.We suggest that you look for an experienced contractor accountant. They can help you set up your limited company, liaise with the tax authorities and handle the administration hassle for you. Most specialist accountants will also inform you of the latest changes in legislation, such as IR35 and any other responsibilities you will have as the director of your own limited company.

The number of umbrella companies in the UK is growing. With so much choice, how do you know which one to pick?Elona Associates is committed to compliance within the industry and we’re proud to be accredited by the FCSA. There are plenty of benefits available to all of our clients – at no extra cost. We help thousands of contractors and freelancers get paid (PAYE) every week – efficiently and compliantly with HMRC rules and regulations. So, if you’re looking for an umbrella company you can trust, you’ve come to the right place. Please call our friendly team on 01707 871622 or send us a quick message.Keep reading and discover what you should look out for when selecting an umbrella company to take care of your PAYE payroll.

Choosing between limited or umbrella can be a difficult decision, especially if you are new to contracting. There are advantages and disadvantages to both setting up your own limited company or working through an umbrella company.The most successful contractors have done their research to find the best payroll option for them. Whether the right path for you is setting up your own limited company, or using an umbrella company, depends on your working circumstances and your preferences.Continue reading to find out the benefits of each option, and gain some insight into which is the right choice for you.

Making the change from a permanent employee to become a contractor is a move that many skilled and experienced workers take. Better earnings, career development and greater flexibility are just a few of the reasons why so many employees are keen to look into contracting.Working as a contractor is a rewarding experience, with many opportunities to grow and develop in your field of expertise. Most contractors make the move from employee to contractor because contracting offers an exciting new career choice and the chance to enhance your professional development.There are different payroll options that you can choose from when working as a contractor. The options include setting up and operating a limited company or working through a PAYE operation such as an umbrella company. However, you are not limited by choosing one or the other, some contractors choose to use an umbrella company first and then when they are confident with the contracting process they then set up and run their own limited company. Of course, both options are suited to different individual circumstances.

IT contractors and freelancers are high in demand, as their specialist skills are highly sought after and recruiters and clients all over the UK are constantly looking to fill in skills gaps with flexible IT professionals. This means IT contractors and freelancers have the potential to negotiate for higher rates of pay than ever before depending on how high in-demand their skills are.IT and technology firms everywhere are moving to increase their cyber security and gain a competitive edge in the industry, so being an IT contractor in this environment could offer you a rewarding and fulfilling career, and help you further develop your skills and experience as an IT professional.There is a wide variety of IT contract roles available, including IT Support, JAVA Developer, Test Analyst, and Technical Architect, to name a few.If you are thinking of becoming an IT contractor or have already done so, you may find you need support of your own to help you with invoicing your clients or agency, managing your payroll, completing tax returns, filing your end of year accounts, and more.

As a marketer, you wouldn’t accept anything less than the best, so don’t leave your accounting to chance.As experienced contractor accountants, Churchill Knight & Associates Ltd are here to help you. We know your business and we will provide you with unlimited advice and support to help you operate your business.As an astute and savvy marketer, contracting as a marketing consultant or strategist is a great step towards a fulfilling career. Let us help you find the best payroll service for your needs, so your clients can pay you easily and on time, leaving you free to do the important stuff. Your time and resources are your most precious commodities, so why not hand that time consuming paperwork to us?Not sure what using a specialist contractor accountant will bring to your business? Well, for a start you can leave all the paperwork to us, as accountants, we love it. We also know a lot about legislation changes and we can guide you through them. Our team are here to help you any time you need, simply pick up the phone and call us when you need to.