Reply to: Recruiting a person who alreay has another job

[northernladyuk]

Thank you for the suggestion. I try to manage the accounting myself. Everything seems to be going well apart from this question here. I assume you are not recommending to get an accountant just to sort this one out?

Don't waste your money on an accountant. Work with the posters on this thread, testing and probing ideas and teasing out common themes until there is a consensus, and go with that.

[TheFaQQer]

Just out of interest, which one would you guys get - https://www.qdoscontractor.com/insurance/tax-ir35-cover ?

I guess the complete peace of mind is worth an additional 100 squid..

I've had IPSE+ membership ever since it was recommended to me on here ten years ago.

[northernladuk]

Just out of interest, which one would you guys get - https://www.qdoscontractor.com/insurance/tax-ir35-cover ?

I guess the complete peace of mind is worth an additional 100 squid..

Plenty of discussion on the different products and whether you should get both or not.

https://www.google.co.uk/search?q=ip...hrome&ie=UTF-8

There is a lack of re-world evidence so comes down to your personal attitude to the risk really. If you browse enough of those threads you'll see three camps emerging. Those that don't think it's needed at all, those that think one or the other is fine and both is a waste of time and those that have both because it's cheap enough to just not worry about it.

Which camp you are in is up to you really.

[ndl]

Just out of interest, which one would you guys get - https://www.qdoscontractor.com/insurance/tax-ir35-cover ?

I guess the complete peace of mind is worth an additional 100 squid..

[Pondlife]

Most IR35 investigations that are lost do so because people try to deal with HMRC themselves and only engage a professional when it's too late.

Nearly all (maybe all) IR35 investigations do not begin as an IR35 investigation, which means that if you don't have professional representation from the start then the chances of getting something wrong increase.

Personally I like the thought that as soon as the brown envelope hits the mat, I have someone that I can call to handle that for me.

Very true Faq.

[northernladuk]

IIRC the typical cost of fighting an IR35 investigation is circa £20K and a lot of sleepless nights.

About 2 years worth from what we've heard from two people who have been through it on here.

[TheFaQQer]

IIRC the typical cost of fighting an IR35 investigation is circa £20K and a lot of sleepless nights.

Most IR35 investigations that are lost do so because people try to deal with HMRC themselves and only engage a professional when it's too late.

Nearly all (maybe all) IR35 investigations do not begin as an IR35 investigation, which means that if you don't have professional representation from the start then the chances of getting something wrong increase.

Personally I like the thought that as soon as the brown envelope hits the mat, I have someone that I can call to handle that for me.

[Pondlife]

IIRC the typical cost of fighting an IR35 investigation is circa £20K and a lot of sleepless nights.

[northernladuk]

I don't have IR35 insurance. As far as I know a chance of being investigated is quite small. If I get a mail/email from HMRC regarding IR35 I will seek for legal help then. Tho I should probably look into getting the insurance. Thank you for your advice.

You could be right but is it worth the risk? It's a bit late once you get the letter, you'll have to pay for it all. If you join IPSE+ you get it as part of the package or you could get something like TLC35 from QDOS. To get the contract checked you could use QDOS, Bauer & Cottrell and the like. Not expensive.

[ndl]

I don't have IR35 insurance. As far as I know a chance of being investigated is quite small. If I get a mail/email from HMRC regarding IR35 I will seek for legal help then. Tho I should probably look into getting the insurance. Thank you for your advice.

[northernladuk]

NW sorted everything out We have got a couple of contracts signed by her to justify the percentage of shares.

Do I pay someone to check my contracts? No I don't. LLM comes in handy

Cool. Does that cover IR35 as well? Some IR35 insurance require a contract check before they'll cover you.

[ndl]

NW sorted everything out We have got a couple of contracts signed by her to justify the percentage of shares.

Do I pay someone to check my contracts? No I don't. LLM comes in handy

[northernladuk]

I wonder if the OP doesn't pay for contract checks just to save a few quid.

Be interesting to see what NW says about his unmarried partner having shares.

[LondonManc]

Yes, at least he has the excuse that he is an agent .

Point being, there is no better advice; the OPs situation is certainly not straightforward, especially as his partner is also employed elsewhere.

As we've always said; if you think a professional is expensive, what until you hire an amateur. Red Adair wasn't wrong.

[ndl]

Yes, at least he has the excuse that he is an agent .

Point being, there is no better advice; the OPs situation is certainly not straightforward, especially as his partner is also employed elsewhere.

Called Nixon Williams and signed up with them. If anyone will be interested, I'll post here what they come up with for me.