How Important is IR35 and Tax Planning to Contractor Accountants

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One of the main issues facing contractors operating through their own company is IR35. When there are a lot of false stories and rumours about this legislation in the contractor community.

Forbes Young have provided IR35 advice including free IR35 reviews of clients’ contracts as a matter of course for all clients old and new. As specialist Contractor Accountants, we view this as a fundamental to the service we provide to our clients – and don’t charge additional fees for doing so.

We also help our clients with tax planning for no additional fees, as again, to minimise tax is the main reason why clients have gone into contracting in the first place. This includes advice as to the minimum salary to take, share splitting with their spouse, when to take dividends and the need to listen carefully to pension and investment advice from our recommended IFA.

Source: Graeme Bennett ACMA MBA of Forbes Young

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