What Records Should I Keep for IR35?

Contractors are an important part of both the private and public sectors, contributing more than £300bn to the UK economy every year, and covering a range of roles, from HGV drivers to bricklayers, architects to accountants, and engineers to plumbers, to name just a few. IR35 was introduced to help minimise the risk of tax…

The Client and Contractor’s Guide to IR35

IR35 is definitely a tricky one to get your head around, and if you’re a freelancer or contractor who regularly works closely with the same clients, you’re probably wondering if it affects you. At a very basic level, the trick is to ask yourself, am I an ‘employee in disguise’? Not in the literal sense…

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The 24 Month Rule for Contractor Expenses

Contracting is a great way of life and for many people, it’s a way to combine the freedom of self-employment and the security of a regular job. But, to avoid any unfair tax avoidance, HMRC has been cracking down on so-called ‘disguised employment’ for many years. What is disguised employment? A disguised employee is someone…

Are Freelancers and Contractors the Same Thing?

Are Freelancers and Contractors the Same Thing?

A freelancer and a contractor are two different things, though the terms are often used interchangeably. It’s easy to see why the differences between the two are often overlooked, when both are: Forms of self-employment Temporary additions to a company’s in-house workforce Non-salaried Despite these similarities, freelance work is actually a different beast to contracting,…