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“Calling all Contractors”

Date posted: October 30, 2017

IR35 is tax legislation that is designed to combat tax and NIC avoidance by workers supplying their services via an intermediary, usually a Ltd company, but who would be an employee if the intermediary was not used.

Detailed guidance on how IR35 works and where it is most likely to apply is available at: http://www.ts-rc.co.uk/ard/detail_doc.asp?ID=772464&AID=2355&SID=10&FID=43518

But what’s new?

A seismic shift came about in April of this year whereby the onus for deciding whether IR35 applies now firmly rests with the end client (or agency if appropriate). These new rules do however only apply to “Public Authorities” which include:-

  • Government departments and their executive agencies
  • Police and Fire Authorities
  • Schools and Universities
  • Local authorities
  • The National Health Service

The Employment Status Service (ESS) from HMRC is designed to test whether an engagement is “inside” or “outside” IR35 and it believed most public sector organisations will use the ESS to assess a contractor’s status.

But since the end client or agency are responsible for making the assessment, and more importantly liable for getting it wrong you may well understand the fear amongst contractors, that they will take an overly cautious approach choosing to apply IR35 wherever there is the slightest doubt.

And what’s next…

Philip Hammond will deliver his second budget next month and it is widely reported he will include further measures to assist bedding in these new rules. Equally well touted is the possibility of widening the definition of “Public Authorities” and/or extending it across the private sector as well!

And finally…

Riley & Co Chartered Accountants have been helping contractors ever since the IR35 legislation was introduced in 1999. Forewarned is forearmed so get in touch now. info@rileyandco.co.uk

Job Vacancy – Accounts & Audit Senior

Date posted: October 12, 2017

Accounts & Audit Senior
£26,000 to £34,000 (Dependent on Experience)

Your new company

Riley & Co is a long established and well-regarded practice situated in Halifax. We look after a wide range of clients from a number of sectors. Our specialisms include Charities, Owner Managed Businesses and Consultant Doctors.

We are extremely professional and knowledgeable but with a friendly and approachable culture.

Your new role

The successful candidate will be ACA or ACCA qualified and have experience in leading external audits from planning to completion.

You will be responsible for organising, controlling and conducting the audit fieldwork for both charity and limited company clients.

Your work will also include preparation of financial statements for audit and non-audit clients as well as the associated tax compliance work.

Duties and Responsibilities

Leading audits from planning to completion.

Preparation of statutory accounts for audit and non-audit clients.

Preparation of Corporation tax computations and returns.

Dealing with ad hoc client queries.

Building and maintaining strong client relationships.

Managing and developing junior members of the team.

Skills

ACA or ACCA Qualified.

ACA or ACCA Part-Qualified with experience also considered.

Experience of leading Audit Assignments is essential.

Practice experience is essential.

Charity client experience is desirable.

Knowledge of Iris is desirable.

How to apply

Email a copy of your up-to-date CV to vicky@rileyandco.co.uk

Closing date 6 November 2017