When considering IR35 -for there to be a contract of employment in place, there are three main elements that need to be present. These are: Control – There must be control over the manner in which the contract work is completed. Mutuality of obligation – there must...
At the present time, IR35 in the private sector is due to change 6th April 2020. The changes will mean that the engager will be making the decision as to whether the Personal Service Company (PSC) is in fact a disguised employee, and therefore caught under the IR35...
Following the latest audit quality review carried out by the Financial Reporting Council, the principal weakness highlighted by the report was audit firm’s shortcomings in challenging management effectively. Failures were identified in a number of areas including...
As part of my service to clients, I try and check out, periodically, that the client has strategies for: Retirement income Critical illness cover Life cover Income replacement It is nice to have all bases covered but sometimes one has to prioritise, especially where...
When I discuss a set of financial statements with a business owner, an often uttered lament is “I have made this profit but where’s the cash gone?”. In days of your, it was a requirement that a set of financial statements would include a cash flow statement as an...
The Partners at Lambert Chapman LLP swap their Tax Returns for Torquay to present a special, festive edition of Fawlty Towers! On behalf of all the Staff and Partners at Lambert Chapman LLP, may we take this opportunity to wish you a very Merry Christmas and a happy...