What is it?
IR35Buddy© is a free online portal for genuinely self-employed contractors to help them evidence their IR35 status. What sets IR35Buddy© apart from other contractor portals and websites is their unique ‘Buddies’ who give you access to a full range of resources, tools and information which can help you test, plan and certify your compliance with IR35 legislation as well as keep you in contract and up-to-date on your industry knowledge all under one roof!
Starting your journey with Business Entity Test Buddy you can assess your risk level on HMRC’s Business Entity Test (BET). Using your results you can look to see where there are genuine business needs for other products and services which could in turn improve your score on the BET. If you are able to prove a Low Risk score HMRC would close an investigation in to your accounts.
Substitution Buddy, Advertising Buddy, Premises Buddy and Contracts Buddy are the first of their kind for the contractor market and are fantastic tools for any and all contractors. From the Substitution Network where you can search, choose, contract and actually substitute with other appropriately experienced contractors to Premises Buddy where you can enter in to a letting contract with access to 100’s of national workspaces.
Although the BET is a useful tool for contractors to self-assess their status, it is not definitive in determining IR35 status and there are many aspects to the legislation which are not all encompassed within the BET which is where Passport Buddy can help. Passport Buddy provides you with a comprehensive review of your IR35 status, carried out by leading industry experts Qdos. This gives you what you need to support your case to HMRC in the event of an enquiry including professional representation to fight your case.
It’s important to know who to go to for expert advice, where and when your next contract is coming from and how to stay on top of industry news all of which is brought to you by: Limited Services Buddy; Jobs Buddy; Press Buddy and Library Buddy. For more information contact us today.
More Blogs
How Does MTD For Income Tax Work?
If you are a self-employed sole trader or earn income from property then you need to understand the new rules for Making Tax Digital (MTD) for income tax! The new rules start from April 2026, and they will require you to submit your financial records to HMRC throughout the year, in addition to still submitting a self-assessment tax return. Therefore it is essential to keep your accounting records up to date throughout the year (instead of just doing this at the year end), and if you don’t have time to do this yourself, then it is definitely a good idea to hire an accountant to help you!
What If I Haven’t Filed a Tax Return for One or More Years?
If you are a UK taxpayer and you haven’t filed your self-assessment personal tax returns for one or more years, you’re not alone! In this article, we explain the consequences of failing to submit your tax returns, how interest and penalties are calculated, and what steps you can take to resolve the situation and bring your tax affairs up to date. We also explore why engaging with a qualified accountant can be an essential part of getting back on track!
How Much Does a Director Loan Cost?
Director loans are a popular yet often misunderstood financing method used by small business owners. If you’re a company director who has taken, or is considering taking, money out of your company (that isn’t structured and subject to tax as: a salary, dividend, or expense reimbursement), then you are effectively using a Director Loan. It is therefore important to understand these rules and the costs involved.