The company allows individuals to retain a higher percentage of their income legitimately, reports UKContractPartners.co.uk
London, UK -- (SBWIRE) -- 04/08/2015 -- UK Contract Partners understands that many individuals worry about HMRC concerns and admin headaches when establishing contracts. They work with clients to explain how contracts works and why an individual doesn't need to worry when establishing an ir35 contract, as they offer a solution which avoids this problem. With the help of UK Contract Partners, clients find they can retain a higher percentage of their income safely and remain 100 percent compliant.
"Individuals choosing to work with UK Contract Partners find they can mitigate the risk of any legislation associated with this type of contract and all necessary insurances are provided. This is free to setup and free to leave, thus individuals can make use of the service with confidence," David Spowart, spokesperson for UK Contract Partners, declares.
Many individuals avoid working with an IR35 for fear of making a mistake and being heavily penalized as a result. With the help of UK Contact Partners, this fear may be reduced. The company recommends certain steps be taken to ensure the contract meets all requirements. With the help of these steps, clients find they can reduce their risk.
One needs to show they are working from home or their own office to avoid making use of IR35. An easy way to do so would be to hire an accountant to assist with taxes or to send out invoices. Both show one's ownership in a business and that one is acting as a contractor instead of an employee. In addition, one should never accept sick pay, maternity pay, holiday pay or pensions from a company, as doing so indicates the person is an employee. Benefits such as these are reserved for employees, not contractors. Keep these tips in mind when establishing a contract to ensure one isn't hit with penalties and fines.
To ensure full compliance, enlist an IR35 expert to help create and/or review the contract. The tips above only describe a few ways to avoid issues, and there are numerous others. The expert works to spot potential problems before they cause issues. Companies often turn to UK Contract Partners in this situation. When an individual becomes an employee, IR35 is no longer an issue as it doesn't apply to employees, and one no longer needs to worry about HMRC reprisals.
"Contact UK Contract Partners today. Learn how to avoid IR35 or, in those situations where it applies and it cannot be avoided, how to reduce concerns about these types of reprisals. Individuals who do so find they retain a much higher percentage of their income and all taxes and NI are paid. These are only two of the many benefits of enlisting experts in this situation. Those who do so find there are numerous others," Spowart states.
About UK Contract Partners
David Spowart spent many years working for others, only to find he wished to start his own business, and his dream led to the creation of UK Contract Partners. His goal in establishing the company was to help small to medium enterprises grow and prosper by gaining a better understanding of their sales and partnership opportunities, and this vision continues today. The company functions to simplify contracts for those who wish to work on their own and offers an on-shore payroll solution for those who make more than £15 per hour along with other solutions.