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 visit their website www.ir35buddy.com or Contact them today.
Self Assessment – Q & A
Self-assessments. We have all heard of them, you maybe even know what they are. However, here at QAccounting some of our most frequently asked questions are about self-assessments. So below we have outline some of the most common questions we get asked, and the answers we get so tired of giving… just kidding.
Setting Up a Limited Company – 5 Key Things to Consider
If you are looking at going self-employed, then setting up as a Limited Company (LTD) may be the best option for you.
The Benefits of Having an Online Accountant
Here at QAccounting we are part of one of the UK’s largest contractor service providers. We started operating over a decade ago (around the same time DFS started their first sale) and have been dedicated to serving self-employed professionals ever since. One of the perks of choosing and accountant like QAccounting is that we offer all of our accounting services online.