History of IR35

One of the most potent motivators for humans is money. It has sparked fights, torn families apart, pushed ordinary people to extraordinary actions, and even pushed extraordinary people to [...]

Holiday pay Harpur Trust VS Brazel

A recent decision by the Court of Appeal in the case of Brazel v The Harpur Trust determined that holiday pay for ‘term time’ employees should be calculated using the employee’s [...]

The Mysteries of the Managed Service Company (MSC) Legislation

MSC mysteries explained After much research and taking ongoing advice from many sources, including a number of leading UK tax specialists, Crystal Choice would like to help clarify the main [...]

In April 2021 the off-payroll rules changed.

Understand the changes to the off-payroll working rules (IR35) if you are a client receiving services from a worker through their intermediary. On 6 April 2021, the laws governing off-payroll [...]

Jury Service and the self-employed

The UK’s Jury Service Act provides that people under the age of 18 are not eligible to serve on a jury. However, there are exceptions. If you are self-employed or a contractor, you may be [...]

Umbrella Company Vs Limited Company

A major difference between an umbrella company and a limited firm is the tax treatment. The former is more flexible and easier to use, while the latter provides more control over taxes. The main [...]

The IR35 Tax and Freelancers

The IR35 tax is a complicated system that can lead to confusion for freelancers and agencies. It’s not a new concept but the rules have changed over the years. For instance, in a recent [...]

Understanding MSC

MSC mysteries explained It is important to start with explaining the differences between the types of companies that fall within the scope of the MSC legislation and Managed Service Company [...]

Politics and the Future of Umbrella Companies

An umbrella company is a company that employs individuals for a set fee. Many of these companies have a wide range of jobs and do not pay income tax. As such, the UK Umbrella Company Act 2010 is [...]

What Are Expenses?

Expenses are regular payments a business makes towards ongoing business operations. They directly affect a company’s profitability ratio, which measures whether revenues exceed expenses. [...]

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