IR35 and the Private Sector: How to Prepare and Protect Your Business
The IR35 is the United Kingdom’s (UK) anti-avoidance tax legislation that is designed to combat tax evasion and assess the legitimacy of contractors in corporate firms. Stakeholders must fully understand this legislation’s specifications to protect businesses and independent contractors from additional income tax and National Insurance Contributions (NIC).
Read MoreWhat US Executives Must Know About IR35’s Impact in the UK for Independent Contractors
There is a growing concern regarding taxes and contingent workers worldwide. Most government revenues in the United Kingdom (UK) are still mainly derived from workplace taxes, which is a form of income tax along with a form of social security deduction.
Read MoreThe CARES Act: What Enterprises and Small Businesses Need to Know
It is challenging to grasp and incorporate the benefits of the Coronavirus Aid, Relief, and Economic Security (CARES) Act into a business. As a result, many people are still uncertain about the specific details of this law.
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