As a contract or freelance worker are you employed or not?

http://www.tarpon-uk.com/
Tel: 0845 643 1580


This presentation is given to help contract or freelance workers understand their employment status.

For a free salary calculation please visit http://www.tarpon-uk.com/salary_calculator/index.aspx

Tarpon is an employment benefits company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice. We'll claim up to 100% of your expenses back for you. And we'll provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding.

Employment Status: Why It Matters
As a contractor, you will often hear about IR35 and MSC Legislation.

In relation to tax laws, having an employed status means that the burden of worrying about either of these two legislations is lifted.

It also means that you'll benefit from the security of being an employee coupled with the flexibility that contracting brings.

How Do I Know If I Am Employed?
It is important to know if you have an employed status or not. You may be told that you do, but if you have the following you'll know for sure:

- HMRC accredited employment contract
- Paid through PAYE
- Holiday and sickness pay
- A P45 when employment terminates
- A P60 at the end of each tax year
- Health & Safety legislations are adhered to
- Access to a Group Pension Plan
- Statutory sick, maternity and paternity pay
- Adoption pay and leave

If you have been told that you are employed, but these elements don't sound familiar, then you should question your status with your "employer".

Tags
Inland Revenue, Budget, IR35, Managed Service Companies, MSC, Legislation, HMRC, Recruitment agencies, Contractor, Tax, National Insurance, NI, Employment, Employed, Pension, Statutory Sick Pay, SSP, Statutory Maternity Pay, SMP, Statutory Paternity Pay, P45, P60, Adoption leave, Expenses, Insurance, Dispensation, Tarpon payroll,

Category:

Education

Tags:

• inland
• revenue
• budget
• HMRC
• recruitment
• ssp
• smp
• p45
• p60
• pension
• NI
• PAYE
• umbrella
• self
• assessment
• tax
• return
• ir35
• payroll