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It has been a turbulent few weeks for contractors, the entire contracting sector has been flung from the highs of an unexpected vow to repeal the off-payroll rules, sweetened with a series of limited company tax cuts on September 23, to the lows of the whole package being U-turned on October 17, with the cuts to income tax, corporation tax and dividend tax all being scrapped, culminating in a 180-degree turn on the IR35 reform repeal pledge.

With the current period of economic uncertainty, contractors need a provider that can offer them stability and flexibility. No matter what direction IR35 takes in the future, we want to help you stay in control of your income, with Flex.

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IR35 FAQ's - Everything you need to know!

The Chancellor announced on Friday 23 September that the 2017 and 2021 reforms to the off payroll working rules (also known as IR35) will be repealed from 6 April 2023. Then on 17 October, the new Chancellor U-turned on this announcement meaning the current rules will remain in place for the foreseeable. 

IR35 remains the same for the foreseeable. End Hirers still carry the responsibility for determining a contractors IR35 status and issuing them with an SDS. We don’t know what the future holds, but we can help you remain compliant and protect you from whatever the future holds with Flex. 

Flex is a unique service built to simplify the latest IR35 legislation and help you manage switching between Limited and Umbrella contracts.

Flex is perfect if you find yourself needing to work on contracts that frequently change between inside and outside of IR35. It is a unique service built to:

  • Manage the admin headache and simplify the process of switching between Limited and Umbrella contracts
  • Give you control of your tax and financial position
  • Ensure you don’t have any surprise tax bills at the end of the year
  • Provide combined tax advice on both Limited and Umbrella working 
  • Put you back in control without any worries

Flex is suitable for Contractors who expect to accept contracts with a mixture of IR35 statuses – inside and outside and will require the use of both a Limited Company and Umbrella Employment.

With the added uncertainty coming from The Government, having a solution that can protect your finances has never been more important! 

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How can Brookson Help?

We are the only firm offering specialist contractor accountancy, payroll, legal and financial services all under one roof. We provide a seamless way for you to manage your business and personal life, maximising your tax efficiencies and helping you get the most from the career you love.

Flex

Easily switch between Limited and Umbrella working as and when needed (at no extra cost) while staying as tax efficient as possible with our unique service.

Accountancy

Enjoy the control and visibility of real time updates on your tax status and financial position, powered by world leading technology and your dedicated accountant.

Payroll

Quick, hassle-free, same-day setup to our umbrella employment solution. Have peace of mind that you will be paid on time every week with SMS notifications and access to our online portal Connect.

Mortgages

Finding a mortgage as a contractor can be difficult. We work with some of the UK’s biggest and best lenders and have negotiated specialist rates to ensure that whatever you’re looking for we can give you the best value for money.

Pensions

We want to help you take back control of your pension and give you as much flexibility as we can so you can be as tax efficient as possible. Our two solutions are unique to Brookson and are unlikely to be matched anywhere else in the flexible working space.

Protection

As a contractor, you are more vulnerable to financial loss if you suffer an illness or injury. We can support you in three main areas: Critical Illness, Income Protection and Life Assurance.

Need Support?

Fill in our form to connect with Brookson​

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