The benefits
- Compliance
- Avoid unexpected tax
- Peace of mind
Why should I worry about IR35?
The cost of getting it wrong can be significant
- The cost of employee’s and employer’s national insurance if you get it wrong are considerable as well as interest and penalties.
- You need to set your contractor business up and you want to make sure your chosen structure is the most tax efficient whilst keeping within the current tax legislation.
- There is an enormous amount of Case Law in this area and the Taxman is not always right. They do not have the final say on whether somebody is caught by IR35 or not. We can argue your case for you.
How do I know if I will be caught by IR35?
Let Caldwell Penn do the hard work for you
- There are many factors to consider in deciding if you as a contractor are caught by the IR35 legislation (the planned changes in legislation originally due in April 2020 have been deferred until April 2021 due to the Coronavirus pandemic).
- We can review your existing arrangements and give you our opinion on whether it will stand up to attack from the Revenue. We can help draft contracts for services to assist you and advise on how you can maximise your chances.
- We discuss with you your current employment situation and business needs, giving consideration to the following factors:
- Control
- The right to get a substitute or helper to do the job
- Mutuality of obligations
- 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
What are the benefits?
Peace of mind knowing that you're compliant
- We have a thorough understanding of the most up to date IR35 legislation and can provide you with our expertise and advice to help you decide which path to take.
- We can discuss with you the tax advantages of contracting in more detail and the various options available to you.
- Peace of mind in:
- Knowing what your IR35 status is.
- Operating in the most tax efficient manner.
- Using the correct structure for your situation.
- If required, the support of an expert to assist with:
- Tax computations.
- Review of contracts for IR35 status.
- Provision of anti IR35 draft contracts.
- Dealing with IR35 disputes.
"I have always found everyone that I have dealt with at Caldwell Penn to be knowledgeable, friendly and responsive. I would recommend anyone looking for tax or accounting advice to seriously consider Caldwell Penn."
Tim Ward, Cityward Limited
"We have used Caldwell Penn for over 10 years. Their service is always faultless and they are a valued member of the team, enabling us to concentrate on our business with the confidence to know that the accounting function is in safe hands."
TONY BINNIE, Brockwell Group Limited
"Personally, I find everyone at the firm extremely helpful, patient and always completely professional"
Andy McStravick, McStravick Consulting Limited
"The team at Caldwell Penn take care of our accounts and payroll so that we can focus on our core business objectives. Their Bramley office is in a great out of town location with easy access and free parking. Caldwell penn didn't hesitate in assisting with a reference for our companies recent AIPP accreditation. A professional and friendly service above and beyond expectation. We wouldn't hesitate in recommending Caldwell Penn again and again!"
Elliott Ward, The Again Group Ltd
"The team at Caldwell Penn provide an indispensable service to our Club. Their advice in completing year end accounts is practical, responsive and approachable. Their audit service is always professional and supportive, giving both the Club members and Committee great benefit. We would thoroughly recommend this firm."
Godalming Naval Club
"I cannot recommend Mark and the team at Caldwell Penn highly enough. As a small business owner, what I need is great advice and high quality of work delivered when I need it, and they deliver this every time."
Jon Horton, Shorton Property LLP
"Caldwell Penn helped to set up my first business in 2010, initially as a Sole Trader, then as a Limited Company and this year advised on the structure of a second company with all the joys of VAT and payroll to contend with. Knowing that Mark and the team manage our accounts and tax allows us to do our job and grow the business. I would happily recommend their professional and friendly service to any start-up or growing business and being local is a real bonus."
Kevin Kingham, UK Lanyard Makers Ltd
"Caldwell Penn have become an essential arm of our business. They provide a very personal service and are very proactive and forward-thinking in their advice. Most importantly, they are great at chasing us for our personal tax return information!"
Lori Clarke, Propitas Building & Project Consultants Limited
"Caldwell Penn feels like a family who care about you."
Patsy Seddon
"I have been hugely impressed with the team at Caldwell Penn from my very first meeting. The swiftness of responses to any queries never ceases to amaze; I have always been treated with enormous respect despite, no doubt, often asking highly ignorant questions given my very primitive understanding of tax.Their friendly help and guidance has enabled me to get my tax affairs suitably organised and I sleep more soundly at night knowing I am in safe hands, not to mention better off. I would recommend them to anyone."
Thomas Hobbs, Thomas Hobbs Tenor Ltd
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