Sachin Jain

Understanding IR35 is crucial for freelancers and contractors. Stay informed and compliant to avoid any penalties! #IR35 #Contracting #Freelancing

𝗠𝘆𝘁𝗵-𝗕𝘂𝘀𝘁𝗶𝗻𝗴 𝗜𝗥𝟯𝟱: 𝗖𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗨𝗽 𝗖𝗼𝗺𝗺𝗼𝗻 𝗠𝗶𝘀𝗰𝗼𝗻𝗰𝗲𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗖𝗹𝗶𝗲𝗻𝘁𝘀 🔍 IR35 can be a tricky area to navigate, with many myths and misconceptions floating around. Let’s clear up some common misunderstandings to help you manage your IT contracts effectively and stay compliant: 𝗠𝘆𝘁𝗵 𝟭: 𝗜𝗥𝟯𝟱 𝗢𝗻𝗹𝘆 𝗔𝗳𝗳𝗲𝗰𝘁𝘀 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗼𝗿𝘀 Reality: While IR35 directly impacts contractors, clients are also responsible for correctly determining the contractor’s status. Misclassification can lead to financial penalties for your business. 𝗠𝘆𝘁𝗵 𝟮: 𝗨𝘀𝗶𝗻𝗴 𝗮 𝗖𝗘𝗦𝗧 𝗧𝗼𝗼𝗹 𝗚𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝘀 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 Reality: The CEST tool is a helpful guide, but its results aren’t legally binding. It's essential to seek additional professional advice to ensure accurate assessments. We can help you with this. 𝗠𝘆𝘁𝗵 𝟯: 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗼𝗿𝘀 𝗜𝗻𝘀𝗶𝗱𝗲 𝗜𝗥𝟯𝟱 𝗔𝗿𝗲 𝘁𝗵𝗲 𝗦𝗮𝗺𝗲 𝗮𝘀 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 Reality: Even if a contractor falls inside IR35, they are not employees. They don’t receive the same benefits and protections as full-time employees but are subject to similar tax treatments. 𝗠𝘆𝘁𝗵 𝟰: 𝗜𝗥𝟯𝟱 𝗗𝗼𝗲𝘀𝗻’𝘁 𝗔𝗽𝗽𝗹𝘆 𝘁𝗼 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 Reality: The private sector reform in April 2021 introduced an exemption for small businesses, but medium and large businesses still need to comply. Understanding your business’s classification is crucial. 𝗠𝘆𝘁𝗵 𝟱: 𝗜𝗥𝟯𝟱 𝗦𝘁𝗮𝘁𝘂𝘀 𝗶𝘀 𝗙𝗶𝘅𝗲𝗱 Reality: A contractor’s IR35 status can change based on the specifics of each contract and working arrangement. Regular reviews and assessments are necessary to stay compliant. 𝗠𝘆𝘁𝗵 𝟲: 𝗢𝗻𝗹𝘆 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗼𝗿𝘀 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗪𝗼𝗿𝗿𝘆 𝗔𝗯𝗼𝘂𝘁 𝗜𝗥𝟯𝟱 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 Reality: HMRC can investigate both the contractor and the client. Ensuring compliance from the start protects both parties from potential scrutiny and penalties. Understanding these myths and the realities of IR35 helps in creating a compliant and fair working environment for all parties involved. If you need any guidance or have questions about IR35, feel free to reach out. We’re here to support you through the complexities. #IR35 #Compliance #ITContracts #ITRecruitment

𝗠𝗮𝗻𝘂𝗮𝗹, 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝗱, 𝗼𝗿 𝗵𝘆𝗯𝗿𝗶𝗱? 𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝘁𝗵𝗲 𝗽𝗿𝗼𝘀 𝗮𝗻𝗱 𝗰𝗼𝗻𝘀 𝗼𝗳 𝗲𝗮𝗰𝗵 𝗜𝗥𝟯𝟱 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆. Navigating the complexities of IR35 compliance can be daunting, especially with the risk of non-compliance and potential penalties. Selecting the right IR35 assessment tool is crucial to reduce these risks, but with various options available, how do you decide which one suits your needs best? 𝗠𝗮𝗻𝘂𝗮𝗹 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹𝘀 𝗣𝗿𝗼𝘀: - 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 𝗮𝗻𝗱 𝗝𝘂𝗱𝗴𝗺𝗲𝗻𝘁: Human experts apply case law and interpret complexities. - 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘀𝗮𝘁𝗶𝗼𝗻: Tailored advice specific to individual circumstances. 𝗖𝗼𝗻𝘀: - 𝗧𝗶𝗺𝗲-𝗖𝗼𝗻𝘀𝘂𝗺𝗶𝗻𝗴: Can take days or even weeks. - 𝗖𝗼𝘀𝘁: More expensive due to professional involvement. - 𝗟𝗲𝘀𝘀 𝗔𝗰𝗰𝘂𝗿𝗮𝘁𝗲: Reviews can vary between assessors. - 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Limited by human resources. 𝗙𝘂𝗹𝗹𝘆 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝗱 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹𝘀 𝗣𝗿𝗼𝘀: - 𝗦𝗽𝗲𝗲𝗱: Quick assessments, often in minutes. - 𝗖𝗼𝘀𝘁-𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲: Cheaper due to no human involvement. - 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Handles large volumes without additional resources. 𝗖𝗼𝗻𝘀: - 𝗜𝗻𝗮𝗰𝗰𝘂𝗿𝗮𝗰𝘆: Struggles with grey areas. - 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Limited to predefined rules. - 𝗡𝗼 𝗛𝘂𝗺𝗮𝗻 𝗧𝗼𝘂𝗰𝗵: Misses expert judgment. 𝗛𝘆𝗯𝗿𝗶𝗱 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹𝘀 𝗣𝗿𝗼𝘀: - 𝗕𝗮𝗹𝗮𝗻𝗰𝗲𝗱 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵: Combines speed and expertise. - 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆: Human review for borderline cases. - 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Handles complex situations. 𝗖𝗼𝗻𝘀: - 𝗠𝗼𝗱𝗲𝗿𝗮𝘁𝗲 𝗖𝗼𝘀𝘁: More expensive than automated tools but cheaper than manual ones. - 𝗧𝗶𝗺𝗲: Slower than fully automated tools. - 𝗖𝗼𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗲𝗱 𝗪𝗼𝗿𝗸𝗳𝗹𝗼𝘄: Requires coordination between processes. 𝗪𝗲 𝗖𝗵𝗼𝘀𝗲 𝗞𝗶𝗻𝗴𝘀𝗯𝗿𝗶𝗱𝗴𝗲’𝘀 𝗔𝘄𝗮𝗿𝗱-𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗛𝘆𝗯𝗿𝗶𝗱 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹? Kingsbridge’s IR35 tool offers a seamless blend of efficiency and expertise. The tool asks around 30 yes/no questions to determine IR35 status. For clear-cut cases, receive an instant decision and comprehensive report. For borderline results, their in-house specialists provide a thorough review, ensuring accuracy. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗳𝗿𝗼𝗺 𝗞𝗶𝗻𝗴𝘀𝗯𝗿𝗶𝗱𝗴𝗲: We enjoy expert guidance to understand results and implications. Benefit from their proven track record in providing accurate assessments. Choosing the right tool can significantly impact a business’s compliance and peace of mind. Let us and Kingsbridge help you navigate these waters with confidence. #IR35 #Compliance #BusinessSolutions #Kingsbridge

𝗠𝗮𝗻𝘂𝗮𝗹, 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝗱, 𝗼𝗿 𝗵𝘆𝗯𝗿𝗶𝗱? 𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝘁𝗵𝗲 𝗽𝗿𝗼𝘀 𝗮𝗻𝗱 𝗰𝗼𝗻𝘀 𝗼𝗳 𝗲𝗮𝗰𝗵 𝗜𝗥𝟯𝟱 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆. Navigating the complexities of IR35 compliance can be daunting, especially with the risk of non-compliance and potential penalties. Selecting the right IR35 assessment tool is crucial to reduce these risks, but with various options available, how do you decide which one suits your needs best? 𝗠𝗮𝗻𝘂𝗮𝗹 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹𝘀 𝗣𝗿𝗼𝘀: - 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 𝗮𝗻𝗱 𝗝𝘂𝗱𝗴𝗺𝗲𝗻𝘁: Human experts apply case law and interpret complexities. - 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘀𝗮𝘁𝗶𝗼𝗻: Tailored advice specific to individual circumstances. 𝗖𝗼𝗻𝘀: - 𝗧𝗶𝗺𝗲-𝗖𝗼𝗻𝘀𝘂𝗺𝗶𝗻𝗴: Can take days or even weeks. - 𝗖𝗼𝘀𝘁: More expensive due to professional involvement. - 𝗟𝗲𝘀𝘀 𝗔𝗰𝗰𝘂𝗿𝗮𝘁𝗲: Reviews can vary between assessors. - 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Limited by human resources. 𝗙𝘂𝗹𝗹𝘆 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝗱 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹𝘀 𝗣𝗿𝗼𝘀: - 𝗦𝗽𝗲𝗲𝗱: Quick assessments, often in minutes. - 𝗖𝗼𝘀𝘁-𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲: Cheaper due to no human involvement. - 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Handles large volumes without additional resources. 𝗖𝗼𝗻𝘀: - 𝗜𝗻𝗮𝗰𝗰𝘂𝗿𝗮𝗰𝘆: Struggles with grey areas. - 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Limited to predefined rules. - 𝗡𝗼 𝗛𝘂𝗺𝗮𝗻 𝗧𝗼𝘂𝗰𝗵: Misses expert judgment. 𝗛𝘆𝗯𝗿𝗶𝗱 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹𝘀 𝗣𝗿𝗼𝘀: - 𝗕𝗮𝗹𝗮𝗻𝗰𝗲𝗱 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵: Combines speed and expertise. - 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆: Human review for borderline cases. - 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Handles complex situations. 𝗖𝗼𝗻𝘀: - 𝗠𝗼𝗱𝗲𝗿𝗮𝘁𝗲 𝗖𝗼𝘀𝘁: More expensive than automated tools but cheaper than manual ones. - 𝗧𝗶𝗺𝗲: Slower than fully automated tools. - 𝗖𝗼𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗲𝗱 𝗪𝗼𝗿𝗸𝗳𝗹𝗼𝘄: Requires coordination between processes. 𝗪𝗲 𝗖𝗵𝗼𝘀𝗲 𝗞𝗶𝗻𝗴𝘀𝗯𝗿𝗶𝗱𝗴𝗲’𝘀 𝗔𝘄𝗮𝗿𝗱-𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗛𝘆𝗯𝗿𝗶𝗱 𝗜𝗥𝟯𝟱 𝗧𝗼𝗼𝗹? Kingsbridge’s IR35 tool offers a seamless blend of efficiency and expertise. The tool asks around 30 yes/no questions to determine IR35 status. For clear-cut cases, receive an instant decision and comprehensive report. For borderline results, their in-house specialists provide a thorough review, ensuring accuracy. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗳𝗿𝗼𝗺 𝗞𝗶𝗻𝗴𝘀𝗯𝗿𝗶𝗱𝗴𝗲: We enjoy expert guidance to understand results and implications. Benefit from their proven track record in providing accurate assessments. Choosing the right tool can significantly impact a business’s compliance and peace of mind. Let us and Kingsbridge help you navigate these waters with confidence. #IR35 #Compliance #BusinessSolutions #Kingsbridge

Navigating IR35 can be complex, but you don't have to do it alone. Seek expert advice to ensure compliance and peace of mind. #IR35 #Contracting #ExpertAdvice

June 2024 North West UK IT Salary & Contractor Rates If your company is thinking of hiring, do it now. As demand rises, so too with the rates of pay and the difficulty levels of attracting and securing the right talent. If, however, your company is slowing down - beware! If your IT staff start to feel insecure, talent competitors and recruiters will find it very easy to persuade your staff to interview elsewhere. Despite the stress and negativity that may exist, take the time to focus on reassuring your team and, where appropriate, reward their loyalty. It's a false economy to avoid salary increases for your best people. Doing so risks leave yourself vulnerable to losing key staff and the larger costs in both time and money of replacing them. Should you be considering recruitment or simply would like some advice on anything recruitment related, please do not hesitate to give us a call and see how we can really help you to Recruit Someone Worth Recruiting.

Are you struggling with IR35 compliance? The collaborative approach is the smartest way to ensure your IR35 status is accurately determined. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗜𝗥𝟯𝟱 𝗗𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻? It’s a team effort involving contractors, clients, and recruitment agencies to assess IR35 status accurately. This approach leverages multiple perspectives and expertise, ensuring a thorough and fair assessment. 𝗪𝗵𝘆 𝗜𝘁’𝘀 𝗕𝗲𝘁𝘁𝗲𝗿: • 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆: Combining insights from all parties leads to a more precise determination. • 𝗦𝗵𝗮𝗿𝗲𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Everyone involved shares the responsibility, reducing the risk of errors. • 𝗧𝗿𝘂𝘀𝘁 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: Builds stronger relationships through open communication and trust. • 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗥𝗶𝘀𝗸: Mitigates the risk of fines and legal issues by getting it right the first time. • 𝗣𝗲𝗮𝗰𝗲 𝗼𝗳 𝗠𝗶𝗻𝗱: Knowing your status is correctly classified allows you to focus on your work. Join us in embracing a collaborative approach to IR35 determinations aided by Kingsbridge and enjoy the benefits of compliance, trust, and peace of mind. 💼 #IR35 #ITContracting #Compliance #Collaboration #CTO #ITRecruitment

Are you struggling with IR35 compliance? The collaborative approach is the smartest way to ensure your IR35 status is accurately determined. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗜𝗥𝟯𝟱 𝗗𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻? It’s a team effort involving contractors, clients, and recruitment agencies to assess IR35 status accurately. This approach leverages multiple perspectives and expertise, ensuring a thorough and fair assessment. 𝗪𝗵𝘆 𝗜𝘁’𝘀 𝗕𝗲𝘁𝘁𝗲𝗿: • 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆: Combining insights from all parties leads to a more precise determination. • 𝗦𝗵𝗮𝗿𝗲𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Everyone involved shares the responsibility, reducing the risk of errors. • 𝗧𝗿𝘂𝘀𝘁 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: Builds stronger relationships through open communication and trust. • 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗥𝗶𝘀𝗸: Mitigates the risk of fines and legal issues by getting it right the first time. • 𝗣𝗲𝗮𝗰𝗲 𝗼𝗳 𝗠𝗶𝗻𝗱: Knowing your status is correctly classified allows you to focus on your work. Join us in embracing a collaborative approach to IR35 determinations aided by Kingsbridge and enjoy the benefits of compliance, trust, and peace of mind. 💼 #IR35 #ITContracting #Compliance #Collaboration #CTO #ITRecruitment

Understanding IR35 is crucial for freelancers and contractors. Stay informed and compliant to avoid any penalties! #IR35 #Contracting #Freelancing

June 2024 North West UK IT Salary & Contractor Rates If your company is thinking of hiring, do it now. As demand rises, so too with the rates of pay and the difficulty levels of attracting and securing the right talent. If, however, your company is slowing down - beware! If your IT staff start to feel insecure, talent competitors and recruiters will find it very easy to persuade your staff to interview elsewhere. Despite the stress and negativity that may exist, take the time to focus on reassuring your team and, where appropriate, reward their loyalty. It's a false economy to avoid salary increases for your best people. Doing so risks leave yourself vulnerable to losing key staff and the larger costs in both time and money of replacing them. Should you be considering recruitment or simply would like some advice on anything recruitment related, please do not hesitate to give us a call and see how we can really help you to Recruit Someone Worth Recruiting.

June 2024 North West UK IT Salary & Contractor Rates If your company is thinking of hiring, do it now. As demand rises, so too with the rates of pay and the difficulty levels of attracting and securing the right talent. If, however, your company is slowing down - beware! If your IT staff start to feel insecure, talent competitors and recruiters will find it very easy to persuade your staff to interview elsewhere. Despite the stress and negativity that may exist, take the time to focus on reassuring your team and, where appropriate, reward their loyalty. It's a false economy to avoid salary increases for your best people. Doing so risks leave yourself vulnerable to losing key staff and the larger costs in both time and money of replacing them. Should you be considering recruitment or simply would like some advice on anything recruitment related, please do not hesitate to give us a call and see how we can really help you to Recruit Someone Worth Recruiting.