Contractors & consultants
Being tax-efficient
There are many moving parts when it comes to the world of freelancers. Whether you are a contractor or a consultant, there is a lot of red tape you need to be careful around.
You may have heard of IR35, umbrella companies and the like, but are you sure you understand them?
RBSCA can work with you to understand how to be tax-efficient as a contractor or consultant.
Since the introduction of IR35, it’s harder to work as a contractor or freelancer as there are now more hoops to jump through when it comes to your tax.
IR35 applies to people who supply their services to clients via an intermediary, such as a limited company, but who would be an employee if the intermediary was not used. The tax legislation is designed to combat tax avoidance by these workers, and the firms hiring them, by ensuring anyone working in the same way as an employee pays the same tax and National Insurance as they would if they were employed.
If you find yourself on the wrong side of IR35, this can cause a significant impact on your earnings and can reduce your net income by up to 25%.
By getting in touch with RBSCA, you can take the first steps towards understanding your working rights and your tax obligations.
You deserve more
When you start seeing results, you’ll have more time to focus on what matters most. That’s the joy of a great partnership.
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Give us a call
Whether you know exactly what you’re looking for or want to work things through, let’s talk.
Learning all about you
Every business is different. We’ll take the time to understand yours.
A holistic approach
Big-picture accounting to help you thrive.
Less admin
Your time will be freed up and you’ll see real progress.