Does IR35 affect my business?

February 28, 2020

Are you experiencing an IR35 Off-Payroll headache? Don’t worry, we’re here to help. Consider us your IR35 ‘Fairy Godmother’ (but with less glitter, perhaps). 

We get it. There’s so much information out there that it’s difficult to know where to start. That’s why we’ve created a series of blogs to help you understand what the legislation means, and the steps you need to take to ensure you remain compliant.

Let’s get straight to it…

How to determine if your business is affected

Ask yourself the following questions:

  1. Are you a medium to large businesses in the private sector?
  2. Do any of your contractors work through a PSC or limited company?
  3. Do you employ workers via a third party such as a recruitment agency?
  4. Do any of your contractors provide services through an intermediary?

If you answered ‘yes’ to any or all of the above, it’s time to act. You must decide on your worker’s status  and inform them of your decision before 6 April 2020. 

NB: Private sector businesses include third sector organisations. Unaffected parties include small businesses and those in the public sector (the IR35 rules have not changed since April 2017).

Small Business Exemption

If you answered ‘no’ to most of the questions above, your business might be exempt. To be considered a ‘small business’ you must also meet two of the following criteria:

  • Turnover is £10m or under
  • Your balance sheet shows £5m or less
  • You employ 50 people or less

How EdenGroup can help you 

We might not have a magic wand that can make IR35 disappear (sorry!), but what we do have is a team of experts at EdenGroup who can help you pay your contractors correctly. 

What can we offer you exactly? We have two options that will help to ensure your business is fully compliant while alleviating that IR35 headache. We know what you’re thinking… where do I sign?! 

1: Outsource your contractor payments 

Yes, you heard us correctly…you can outsource  your contractor payments to EdenGroup. Our expert payroll team can run your payroll on a weekly or monthly basis. Handled by a team of experts, we make the deductions and report to HMRC under your PAYE reference with your Off-Payroll Module. Simple as that! 

2: Use an Umbrella employment solution 

This is a very effective way to pay your contractors. Why? We take care of all the legal and compliance issues. Find out more about the benefits of using an umbrella company to payroll your contractors on our blog.

Find out more about how EdenGroup could remove your IR35 Off-Payroll headache – get in touch with Beverley on 01276 688050 or bstanding@edenoutsource.co.uk