IT consultants and telecoms
As contractors using 'one man companies' you can benefit from higher salaries, job variation, longer holidays and tax exemptions.
The benefits are only available if you are aware of and can fully comply with IR35. Of all the groups associated with IR35, contractors are the most affected. The distinctions between being a genuine consultant versus an intermediary for tax avoidance are becoming increasingly blurred. It is important to achieve ' a contract for services' indicating self employment, rather than a contract of service which indicates employment.
We also have extensive experience of acting for larger companies in the Telecoms, Technology and Computer and IT industries. We can advise on the implications from an 'employers' perspective as well as an 'employee's' perspective. Where do the risks lie, what are the employment rights etc.
How we can help
We can advise on how to operate, whether to work under an umbrella company or form a limited company. And as Specialist Tax Advisors we also have a detailed knowledge of personal tax.
The combination of our Specialist Tax Advisors and the experience of our Partners and Managers will ensure you are compliant with the legislation whilst minimizing the amount of tax you pay.
If you would like to find out what that means for your firm contact us now for a free consultation.