Have you been caught by the IR35 legislation?

In some cases the taxman isn't always right and he doesn't always have the final say whether you are caught by IR35 or not. 

This is a case that can be thought on your behalf by a professional like Complete Accounting. 

Factors are taken into consideration to decide whether a contractor is caught by IR35 which include:

• Control;
• The right to get a substitute or helper to do the job;
• Mutuality of obligations.

Other factors to consider:

• Provision of equipment;
• Financial Risk;
• Basis of Payment;
• Opportunity to profit from sound management;
• Part and parcel of the organisation;
• Right of dismissal;
• Employee benefits;
• Intention of the parties;
• Length of engagement.

The cost of employees and employers national insurance if you get it wrong are considerable as well as interest and penalties.

Complete Accounting help by offering their advice on whether or not your case will stand against H M Revenue and Customs. They have provided draft contracts for previous clients to assist and support them which has helped to increase their chances on winning their case.

Complete Accounting in Cheshire is a specialist accountancy company that deals with contractors and their accountancy needs. If you need help with your business, accounts, bookkeeping or tax problems please visit www.completeaccounting.com.