As a professional contractor you work simultaneously on contracts, usually engaged by a recruitment agency’s temp desk to fulfil a contract with an end client. You could be engaged for a number of reasons but the principal one is that you have skills and experience that the end client needs for a limited time. With changes in off-payroll rules coming into play in the private sector in 2020 you need to be aware of how these could affect your limited company and your earnings potential. The end client will be responsible for determining the IR35 status of the contract you are working on and being organised and able to negotiate will put you in the best possible position to safeguard your position. Engage with Pulse Accounting to give you everything you need to stay on top of your finances as a limited company contractor.
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IR35 Support |
Your dedicated Accountant is available Monday to Friday 9am to 5pm. Outside of these hours you will be able to email them and they will contact you as soon as they are back in the office. If you want information relating to your company then you can access it through the secure portal on this website linking you to the FreeAgent software. Here you will find information relating to payments, company accounts, and much more.
With changes to the IR35 rules planned for both the private and public sector it is important to understand how this legislation affects you and whether or not you will have to pay additional tax under the rules. We will assist you by reviewing your contract and more importantly your working practices and support you in negotiations with end clients and agencies.
If you regularly incur expenses that you pay out of your own pocket, they all need to be entered and tracked in FreeAgent. Our premium+ service includes this extra work on a quarterly basis. Simply send us the receipts and we'll enter them into FreeAgent for you.
When contracting through a limited company you will normally pay yourself a salary and this must be reported to HMRC in real time. We will ensure that the payroll is run properly and reported to HMRC through the RTI (Real Time Information) gateway, ensuring you are fully compliant and all PAYE is up to date.