Just got to check - ir35 question

[monkeyBoy32]

I'm about to change accountants - I'm moving to Nixon Williams. My previous accountant was really slow in setting everything up so I had to change.

I told them that I wanted to go with someone who specializes in IT Contracts and someone who knew a thing or 2 about ir35.

They said "Well, all your contracts will fall inside IR35 anyway so there's no advantage of going with a different acocuntant".

I said that I'd heard that many contracts fall outside IR35 but they said "If you operate outside IR35, they'll catch up with you eventually and you'll have to pay it"

Now - I'm assuming that they just dont know much about IR35 and it would still be worth going with someone who works with IT contractors?

I'm getting fed up with hearing so many conflicting bits of information...

[Dark Black]

NW are very good and I can't recommend them enough. However they won't advise you on the IR35 status of your contracts - it's down to you to tell them whether you consider you are caught or not.

IR35 status is down to working practices as well as the contract. You'll need to make your own (hopefully informed - get your contracts reviewed etc) call as to the status of each contract you take and then advise you accountants accordingly.

HTH

[monkeyBoy32]

Thanks - that's what understood to be the case. I just didn't want to go with an accountant who just says that ALL contracts are inside - I could potentially loose out on a load of monay that way.

[The Lone Gunman]

Malvolio will be along in a minute to sort you out.

Drop your original accountant and tell them that, as accountants, they should know better.

Read the guides on here and the PCG web site if you want more info.
Join the PCG (get plus) and avail yourself of the assistance and knowledge base within. It is worth the 250 quid.

[TheFaQQer]

If they convince you that you are always IR35 caught, then it makes their job easier to do.

A friend of mine has always paid it, based on his accountant telling him that this was the best course of action (once he heard that he could still claim 5% expenses!).

[malvolio]

If they convince you that you are always caught, they are being professionally negligent by not giving you the best available impartial advice...