All About Self Employment

Julia Kermode
All About Self Employment

The podcast that is All About Self-Employment. We’ll be sharing expertise on getting started, getting noticed, and getting it right, as well as dealing with getting it wrong. Your host, Julia Kermode, will help you get ahead so you get the success you deserve.

  1. Did the Chancellor Just Announce Repealing IR35?  Not Quite!

    28/09/2022

    Did the Chancellor Just Announce Repealing IR35? Not Quite!

    In his mini-budget on 23 September 2022, Kwasi Kwarteng announced a decision to repeal off-payroll legislation.  This was an unexpected and seismic change which has shocked the contracting sector!  There is a lot of misinformation doing the rounds, so we spoke to longstanding friend of the show Dave Chaplin, an expert known as "Mr IR35" to get his take on it all.  Join us to hear: What specifically is changing (clue - IR35 is here to stay); What does it actually mean in practical terms; What should contractors and their clients be doing right now; What is the likely longer term impact and risks; Will the change really happen?! It's unheard of for a Chancellor to unilaterally change primary legislation with no prior consultation, let alone something that which has huge implications for businesses in all sectors.  There is no-one better to discuss the issues with than Dave, this is one episode you won't want to miss! About Dave Chaplin Dave Chaplin is the CEO and founder of tax compliance firm IR35 Shield and contracting authority ContractorCalculator.  He is also the author of the Contractors’ Handbook Third Edition and more recently IR35 & Off-Payroll – explained. With over 20 years’ experience of IR35 under his belt, he regularly assists with IR35 tax tribunals, has consulted on many occasions for HMRC, advises politicians and Government bodies on freelance tax matters, and is prolifically quoted in the trade and national press.  In November 2020, Dave was included in the Staffing Industry Analysts (SIA)’ list of Europe’s 100 most influential leaders in the staffing industry. Contact Dave:

    29 min
  2. 041 The Impact of IR35 Reform On Contractors

    21/04/2022

    041 The Impact of IR35 Reform On Contractors

    We're completing our trilogy focussing on IR35 reforms by chatting to a contractor about how the new legislation has affected him and his business.  The reforms came into effect in the private sector in April 2020, and for our interviewee the impact has been more significant than COVID.  Shockingly, he lost approximately £80k due to the legislation change! These are just a few of our key takeaways: IR35 reforms increased complexity for businesses, leading to a risk averse approach with many banning personal service companies; Contractors now operating 'inside IR35' have increased their rates to maintain their earnings; Increasing costs for UK contractors is driving offshore resourcing as a cheaper option; Entrepreneurism is being stifled, 'inside IR35' means paying people personally therefore there's no money going into the business to nurture it. Our interviewee's work lends itself to creating a schedule of services and deliverables, but he had to bill on a time and materials basis in order to win work.  The IR35 reforms are now effectively penalising him for operating in a way that he tailored to meet client requirements.  Although he was operating legitimately, the IR35 reforms meant that our interviewee was blocked from accessing a large proportion of his previous target market. Despite suffering a financial loss of up to £80k, our interviewee has some sympathy with his clients.  He says that Brexit, the pandemic and economic issues are creating enough volatility for businesses and they don’t need complex IR35 legislation to get to grips with on top of that.

    22 min
  3. 040  IR35 Reforms and Risks - what if you're "outside IR35"?

    13/04/2022

    040 IR35 Reforms and Risks - what if you're "outside IR35"?

    For second time in two weeks, we're excited to welcome back self-confessed IR35 geek, Dave Chaplin!  We're continuing our discussion about the impact of the off-payroll legislation, one year after implementation in the private sector.  It's a serious subject with serious financial implications for self-employed contractors, so you really need to listen!  Join us to hear about: What you need to watch out for if your assignment is 'outside IR35'; Why you MUST check for any indemnity clauses in your contract; Why you pay zero tax if HMRC successfully challenge an outside IR35 status; Beware of any insurance you buy because any IR35 inquiry would not be with you (unlike pre-reforms); Reasonable care and how risk moves around the supply chain; Latest tax tribunals, defendable position, and the outlook for the market. Dave is an old friend of the show who really does know his stuff, so make yourself a brew and settle down for a good natter on all things IR35.  We chatted for longer than this 30 minutes and if you missed the first half you can catch the previous episode here.  (To be honest, we could actually talk about this stuff all day long!) Resources MSC legislation and support if you are investigated Why those touting IR35 insurance need to consider MSC legislation About Dave Chaplin Dave Chaplin is the CEO and founder of contracting authority ContractorCalculator and tax compliance firm IR35 Shield.  He is also the author of the Contractors’ Handbook Third Edition and more recently IR35 & Off-Payroll – explained. With over 20 years’ experience of IR35 under his belt, he regularly assists with IR35 tax tribunals, has consulted on many occasions for HMRC, advises politicians and Government bodies on freelance tax matters, and is prolifically quoted in the trade and national press.  In November 2020, Dave was included in the Staffing Industry Analysts (SIA)’ list of Europe’s 100 most influential leaders in the staffing industry. Contact Dave:

    31 min
  4. 039  One Year Since IR35 Reforms - What's Changed?

    06/04/2022

    039 One Year Since IR35 Reforms - What's Changed?

    On the anniversary of IR35 reforms, we're excited to welcome back self-confessed IR35 geek, Dave Chaplin, to talk about the impact of the new legislation.  It's a serious subject with serious financial implications for self-employed contractors, so you really need to listen!  We take a look at what has happened in the last year, including: A brief history of IR35 and how the legislation came about; Why reforms were needed and what exactly changed; What the changes mean for self-employed contractors and the supply chain; What your clients need to do in relation to assessing IR35 status; The impact of being 'inside IR35' and the increasing use of umbrella companies. Dave is an old friend of the show who really does know his stuff, so make yourself a brew and settle down for a good natter on all things IR35.  We chatted for longer than this 30 minutes suggests, so tune in to the next episode for even more great listening!  (To be honest, we could actually talk about this stuff all day long!) About Dave Chaplin Dave Chaplin is the CEO and founder of contracting authority ContractorCalculator and tax compliance firm IR35 Shield.  He is also the author of the Contractors’ Handbook Third Edition and more recently IR35 & Off-Payroll – explained. With over 20 years’ experience of IR35 under his belt, he regularly assists with IR35 tax tribunals, has consulted on many occasions for HMRC, advises politicians and Government bodies on freelance tax matters, and is prolifically quoted in the trade and national press.  In November 2020, Dave was included in the Staffing Industry Analysts (SIA)’ list of Europe’s 100 most influential leaders in the staffing industry. Contact Dave:

    31 min

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The podcast that is All About Self-Employment. We’ll be sharing expertise on getting started, getting noticed, and getting it right, as well as dealing with getting it wrong. Your host, Julia Kermode, will help you get ahead so you get the success you deserve.

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