Independent contractors wondering — how to avoid ir35 will find they have options. One may establish an umbrella company, a limited company or make use of an existing limited company to maximize their earning potential and flexibility without running afoul of the legal requirements concerning independent contractors. UK Contract Partners assists those in this situation, offering a variety of solutions to meet each contractor's unique needs, and one can make use of the free, no obligation assessment to determine which option best meets their needs.
"Umbrella companies often get into trouble with the HMRC, as they are taking advantage of loopholes that the HMRC is in the process of closing. They pay contractors in loans that don't have to be repaid, yet this is where the problem lies. UK Contract Partners offers an alternative to this, allowing one to establish an umbrella company that will withstand HMRC scrutiny. In addition, the company provides ongoing maintenance services to help clients meet their regular obligations in relation to their company. " David Spowart, founder of UK Contract Partners, explains.
Others opt to form a limited company, and there are advantages to choosing this alternative. One must be aware that 90 percent of contractors choosing this option encounter problems when it comes to IR35, as the substitution clause confuses many. Furthermore, those establishing this type of company frequently find they cannot take advantage of certain tax breaks granted by the government.
"With the aid of UK Contract Partners, independent contractors find they can obtain the benefits of a limited company and comply with IR35 regulations. In addition, they gain access to tax breaks they may not even be aware of, and virtually no admin is required. These are only a few of the benefits one finds when working with our company to establish a limited company," Spowart states.
As contracting opportunities continue to expand in the country, more individuals will turn to independent contracting. It's best to turn to a professional to ensure one receives the maximum income, while avoiding IR35 problems. Those who do so find they enjoy being their own boss, as they encounter fewer headaches and hassles.
"Don't risk the hard earned financial freedom many obtain when working as an independent contractor. Keep more of your income and still comply with all HMRC regulations. UK Contract Partners shows individuals exactly how to do this. Even bona fide contract workers can find they encounter problems when they try to establish an umbrella or limited company, but our company ensures this isn't an issue. All one has to do is ask," Spowart announces.
About UK Contract Partners:
David Spowart founded UK Contract Partners to assist professionals looking to obtain freedom as an independent contractor while obtaining more earning potential and flexibility. The company delivers UK contractors with limited and umbrella company tax strategies not seen elsewhere.
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