Thompson Jenner are specialist accountants and tax advisers for IT contractors, engineers, offshore workers or consultancy service providers. We combine our accounting expertise and tax knowledge, proactive advice and support, allowing you to concentrate on your day to day contract without worrying about your finances.

If you are an IT contractor, engineer, offshore worker or consultancy service provider, the implications of IR35 and the self-employed/employed question can be overwhelming or may leave you open to a negative response from HM Revenue and Customs. However, as contractors using ‘one man companies’, you can benefit from job variation and more flexible income tax planning opportunities to maximise and increase your net remuneration.

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.

New rules from April 2017 force public service organisations to determine the IR35 status and many contractors to the public sector may be required to be paid through PAYE with National Insurance deductions.

How we can help

We can advise on how to operate best, whether to work under an umbrella company or form a limited company. As specialist tax advisers, we also have a detailed knowledge of personal tax and can help with the following:

  • Advice on contractor business structure i.e. forming a limited company or being self-employed
  • Help with IR35 compliance
  • Corporation tax return
  • Bookkeeping
  • Payroll and RTI
  • Monthly management accounts
  • Statutory year end accounts
  • Self-assessment tax return
  • Personal tax planning

The combination of our specialist tax advisers and the experience of our Partners and managers will ensure you are compliant with the legislation while minimising the amount of tax you pay.

We also have extensive experience of acting for larger companies in the telecoms, technology and computer and IT industries.

Our experienced and friendly team are always happy to review your sector requirements. Why not give us a call to find out how best you can benefit from our services.

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We would love to meet you, which is why we offer all new clients a free, no obligation initial consultation. Click the contact button below to see all the methods to get in touch with us and if you like you can leave an email enquiry with the form provided and we will contact you to arrange a time and date.

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