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Head Office
AMBA House, 15 College Road, Harrow,
HA1 1BA, United Kingdom
Leading providers of tailored accounting
& advisory solutions.
IR35 Reviews
Protect your contract income with expert IR35 assessments and ongoing compliance support.
Understanding and navigating IR35 legislation can be complex, especially for contractors and limited company directors. Our expert IR35 review service provides a thorough assessment of your contracts and working practices to determine your status, helping you avoid unexpected tax liabilities. We offer detailed reports, actionable recommendations, and ongoing support to ensure you're fully compliant with HMRC expectations. With our guidance, you can work confidently knowing your IR35 position is clear and defensible.
CAPS IT Accountancy will explain IR35 in detail
At CAPS IT Accountancy, we break down IR35 in simple, practical terms to help you understand how it applies to your specific working arrangements. Whether you're a contractor, freelancer, or limited company director, we provide a full assessment of your contract and working practices to determine your IR35 status, inside or outside. We explain the financial impact, from changes to your tax and National Insurance obligations to how your take-home pay may be affected. Our experts stay up to date with HMRC guidelines and legislative changes, ensuring you get reliable, up-to-date advice. With tailored recommendations and ongoing support, we help you stay compliant, avoid costly mistakes, and structure your engagements in the most tax-efficient way possible.
Here’s how IR35 affects your finances and how our experts can support you every step of the way :
A. Understanding IR35 in better way
01
What is IR35 & Why It Matters
IR35 is a UK tax legislation designed to assess whether a contractor is genuinely self-employed or should be treated as an employee for tax purposes. This distinction affects how much tax and National Insurance you pay. Understanding IR35 is essential to avoid unexpected tax bills, penalties, and to ensure your contracting income is protected. We simplify the rules and break down the key factors HMRC considers in determining your IR35 status.
02
Key Factors to affect IR35 Status
Your IR35 status depends on various elements such as the level of control your client has over your work, your right to substitution, and whether there’s mutual obligation between you and the client. These factors influence whether you fall inside or outside IR35. We guide you through these criteria, helping you assess your contracts and working practices accurately so you can stay compliant and optimise your tax position.
B. IR35 Contract and Reviews
01
Thorough Contract Analysis
We carefully examine the terms and conditions of your contracts to identify any clauses or wording that may trigger an inside IR35 status. This detailed review ensures that your contracts accurately reflect the reality of your working arrangements, helping you minimise the risk of unexpected tax liabilities from HMRC.
02
Status Reviews
IR35 regulations and your working circumstances can change over time. Our team provides regular reviews of your contracts and working practices to ensure your IR35 status remains accurate and compliant. This proactive approach helps you stay ahead of regulatory changes and avoid costly penalties.
C. Ongoing Support to help
01
Monitoring and Updates
Tax laws and IR35 regulations frequently change, and staying compliant can be challenging. We provide ongoing monitoring of your contracts and working practices to ensure you remain up to date with the latest legislation. Our team keeps you informed about any changes that could impact your IR35 status and tax obligations.
02
Personalised Advice & Assistance
Every contractor’s situation is unique, which is why we offer tailored advice based on your specific circumstances. From tax planning to filing accurate returns, our experts are available to support you at every stage. Whether you need help with compliance questions or strategic financial guidance, we’re here to ensure your peace of mind.
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