Are you inside IR35? Here's the latest guide for freelance contractors - London Business News
Quick summary:
1. And as HM Revenue & Customs (HMRC) continues to update its guidance, many questions still remain, for example around the issue of employer National Insurance contributions and who will ultimately pick up the tab for this additional tax burden when a contractor is deemed to be 'inside IR35'.
2. HMRC provides an online status checker tool, CEST, however its conclusions are not always definitive, and it is highly advisable to seek expert advice from an IR35 tax specialist to discuss the CEST results
#biyro #miami #blackwoman #taxpreparer #financialfreedom
More: https://biyro.com/blog/freelance/are-you-inside-ir35-heres-the-latest-guide-for-freelance-contractors-london-business-news/
Quick summary:
1. And as HM Revenue & Customs (HMRC) continues to update its guidance, many questions still remain, for example around the issue of employer National Insurance contributions and who will ultimately pick up the tab for this additional tax burden when a contractor is deemed to be 'inside IR35'.
2. HMRC provides an online status checker tool, CEST, however its conclusions are not always definitive, and it is highly advisable to seek expert advice from an IR35 tax specialist to discuss the CEST results
#biyro #miami #blackwoman #taxpreparer #financialfreedom
More: https://biyro.com/blog/freelance/are-you-inside-ir35-heres-the-latest-guide-for-freelance-contractors-london-business-news/
Income Tax on freelancers
Quick summary:
1. Benefits of Filing Your Income Tax as a Freelancer Filing your income tax as a freelancer has many benefits.
2. Complete and File Your Tax Return: Once you have calculated your taxable income, you can complete the appropriate tax forms and file your tax return.
3. Determine which Tax Forms you Need to Complete: In most cases, freelancers are required to file a self-employment tax return, which is different from the tax return that employees fill out
#biyro #browardcounty #atlanta #broward #blackwoman
More: https://biyro.com/blog/freelance/income-tax-on-freelancers/
Quick summary:
1. Benefits of Filing Your Income Tax as a Freelancer Filing your income tax as a freelancer has many benefits.
2. Complete and File Your Tax Return: Once you have calculated your taxable income, you can complete the appropriate tax forms and file your tax return.
3. Determine which Tax Forms you Need to Complete: In most cases, freelancers are required to file a self-employment tax return, which is different from the tax return that employees fill out
#biyro #browardcounty #atlanta #broward #blackwoman
More: https://biyro.com/blog/freelance/income-tax-on-freelancers/