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Walker Smith Global
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Working via a Limited Company or an Umbrella Company are two of the possible options available for #contractors and #freelancers looking to manage their contract income. At Walker Smith Global we specialise in offering a wide range of bespoke #accountancy solutions, and here we explain these two models.
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Up until 2007, there were popular alternative schemes for contractors to be paid via in the form of Managed Service Companies or Composite Companies. In 2007 #HMRC announced that the PAYE and NI ‘debt’ would be passed up the chain to the third party (usually the employment business or recruitment agency) and as such this legislation posed a huge risk to the recruitment industry. Here we offer our view on this piece of legislation and suggest solutions for both #contractors and #recruitment agencies.
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#IR35 is a piece of legislation designed to tackle "disguised employment". It impacts the structure of remuneration for contractors in the UK: here we offer our insight and propose solutions for both #contractors and #recruitment agencies. http://walkersmithglobal.com/home/knowledge-bank/hmrc-guide/ir35/
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Our knowledge of the #accounting sector allows us to provide our clients with accurate and up to date information, keeping them safe from any potential associated risks. In our #HMRC Guide we aim to break down the current matters that affect the UK #recruitment and #contracting market. http://walkersmithglobal.com/home/knowledge-bank/hmrc-guide/
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