Caitlin McGregor - Uploaded on October 05, 2022
Caitlin McGregor - Uploaded on October 05, 2022
Starting from 6 April 2023, the UK Government has made the decision to repeal the off-payroll working rules (IR35) allowing contractors to take responsibility for determining and paying their own IR35 tax.
This is great news for contractors and freelancers, many of whom saw contract work opportunities dry up as businesses opted out rather than deal with the additional admin and expenses involved with taking on the tax burdens of their contractors, with some businesses even issuing an all-out ban on contractors.
What were the original IR35 changes?
The previous reforms were made in 2017 for public sector workers and 2021 for the private sector and were designed to crack down on tax avoidance, but had the effect of pushing many companies to force all contractors ‘inside IR35’ — where they are taxed as employees.
This had a pretty significant effect on freelance workers. A survey conducted by IPSE (which represents independent professionals and the self-employed) 6 months from the 2021 changes, suggested that 35 percent of an estimated 500,000 freelancers had left self-employment as a direct result of IR35 amendments.
The change lowered contractor’s take-home pay by 15 to 20 percent compared with being taxed on a self-employed basis, with the same cost to assumed to the company.
How to prepare for IR35 changes as a contractor
Contractors who are currently being taxed as employees using an umbrella company can continue to pay income tax and national insurance via their umbrella company in the new tax year, but those not employed via an umbrella company will need to manage their own payment of taxes and national insurance from the start of the new tax year.
Contractors already working outside IR35 can continue business as usual by invoicing clients and charging businesses taxes. However, it’s important to note that the responsibility to pay any potential HMRC penalties would shift from the business to the contractor.
How will businesses react to IR35 changes?
Experts suggest that big businesses may be slow to U-turn on their contractor policies, but given the demand for talent and more specifically the tech talent shortage, they may be open to freelance workers returning via a personal service company or on a self-employed basis. Smaller companies are more likely to take advantage of this change and embrace an open talent model.
NerdApp manages our community of freelance IT Professionals’ invoicing, marketing and more to enable them to operate independently as gig workers. For more information, head to www.nerdapp.com/JobsForNerds.
Caitlin McGregor - Uploaded on March 08, 2023
Caitlin McGregor - Uploaded on March 08, 2023
In today's digital age, technology is an integral part of every organization's operations. With the rapid pace of technological advancements, businesses need to stay up-to-date with the latest IT tools…
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Kelvin Wetherill - Uploaded on December 22, 2022
Kelvin Wetherill - Uploaded on December 22, 2022
When I started NerdApp, I was passionate about creating a platform that would solve IT support needs in a highly efficient, automated way. Over time our model has shown itself to not only be valuable to businesses, but as glo...
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Caitlin McGregor - Uploaded on December 09, 2022
Caitlin McGregor - Uploaded on December 09, 2022
The tech industry has experienced some of its highest highs and lowest lows in the past two years and nowhere is this more evident than in its high staff turnover and more recently mass employee layoffs.
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Caitlin McGregor - Uploaded on August 16, 2022
Caitlin McGregor - Uploaded on August 16, 2022
In 2022 businesses are being forced to adapt their IT strategies to meet a new and unpredictable world. Geopolitical and economic instability combined with pandemic-related disruptions and cultural shifts have made IT service...
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Caitlin McGregor - Uploaded on July 14, 2022
Caitlin McGregor - Uploaded on July 14, 2022
After so long without travel, we’re all looking forward to a much-needed summer holiday this year. But travel is still not without its challenges. Having the right travel tech gear can help you prepare for any eventuality – b...
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Caitlin McGregor - Uploaded on June 20, 2022
Caitlin McGregor - Uploaded on June 20, 2022
When it comes to maintaining your computer or laptop, it’s good to understand the difference between hardware and software so that you can choose the right type of IT support specialist to service your needs.
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Caitlin McGregor - Uploaded on May 11, 2022
Caitlin McGregor - Uploaded on May 11, 2022
Online tech support apps like NerdApp are here to stay. They represent a future-focused approach that allows people to access their tech support in the same way they order a pizza, buy the latest fashion or hail a ride.
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Kelvin Wetherill - Uploaded on April 27, 2022
Kelvin Wetherill - Uploaded on April 27, 2022
NerdApp, the on-demand IT support platform partners with Visa, the global payments network, to offer business card holders exclusive access to discounted remote and on-site IT support services.
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Kelvin Wetherill - Uploaded on April 06, 2022
Kelvin Wetherill - Uploaded on April 06, 2022
When it’s time to upgrade to a new laptop, it can be a bit confusing and overwhelming to prepare it for selling or donation.
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Caitlin McGregor - Uploaded on March 28, 2022
Caitlin McGregor - Uploaded on March 28, 2022
If you’ve heard the term, ‘web 3’ popping up in media and conversation lately, but don’t know what it means, we’re here to help!
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Kelvin Wetherill - Uploaded on March 08, 2022
Kelvin Wetherill - Uploaded on March 08, 2022
As the invasion of Ukraine by Russian armed forces continues, many countries have imposed economic and diplomatic sanctions against Russia. But, unlike wars of the past, big tech now has an almost equally powerful role to pla...
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Caitlin McGregor - Uploaded on March 02, 2022
Caitlin McGregor - Uploaded on March 02, 2022
A slow laptop is one of those things that can really affect your productivity and make using your machine stressful and frustrating. That’s why it’s so important to get to the bottom of this tech issue and restore your peace ...
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Kelvin Wetherill - Uploaded on February 08, 2022
Kelvin Wetherill - Uploaded on February 08, 2022
As modern-day parents, it’s no longer an option to avoid uncomfortable conversations with your children about internet safety and restrictions. It’s become more important than ever to guide and support children as they find t...
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Kelvin Wetherill - Uploaded on February 01, 2022
Kelvin Wetherill - Uploaded on February 01, 2022
Freelancing and being part of the rising gig economy is a great way to increase your work flexibility and freedom but what happens when it’s time to take a holiday?
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Kelvin Wetherill - Uploaded on January 25, 2022
Kelvin Wetherill - Uploaded on January 25, 2022
According to Forbes Magazine, in 2022 we will continue to see acceleration of digital and virtual reality technology but “the need for sustainability, ever-increasing data volumes, and increasing compute and network speeds wi...
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Kelvin Wetherill - Founder & CEO - Uploaded on January 20, 2022
Kelvin Wetherill - Founder & CEO - Uploaded on January 20, 2022
Towards the end of last year, we closed our pre-seed funding round led by Fuel Ventures, a leading early stage seed EIS Fund based in London, along with KM Capital, super angel investor Andreas Mihalovits and four more privat...
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Kelvin Wetherill - Uploaded on January 04, 2022
Kelvin Wetherill - Uploaded on January 04, 2022
You can’t see it, but the cloud is essentially a network of hardware and software services that exist online. Whenever you store something in Dropbox or create a document in Google Docs, you are storing and accessing data and...
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Kelvin Wetherill - Uploaded on December 15, 2021
Kelvin Wetherill - Uploaded on December 15, 2021
There's no doubt that businesses need IT, but do they still need an IT department?
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Kelvin Wetherill - Founder & CEO - Uploaded on November 08, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on November 08, 2021
Many people have transitioned into freelance roles and gig work in the UK over the past year and a half, and some may be feeling a bit lost and uncertain of where to go next.
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Kelvin Wetherill - Founder & CEO - Uploaded on October 21, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on October 21, 2021
IT challenges have the potential to cause more than just missed deadlines and frustration. Whether you’re running a small, growing business or large enterprise
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Kelvin Wetherill - Uploaded on October 14, 2021
Kelvin Wetherill - Uploaded on October 14, 2021
Whenever a new iPhone is released, there is the inevitable question… ‘is it worth the upgrade?’. So, we’ve gone ahead and done the work for you
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Kelvin Wetherill - Uploaded on September 27, 2021
Kelvin Wetherill - Uploaded on September 27, 2021
If you're considering getting a VPN (or Virtual Private Network), you may be feeling a little overwhelmed by all the choices and information out there.
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Kelvin Wetherill - Founder & CEO - Uploaded on September 06, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on September 06, 2021
There is an old proverb that says, “It’s better to take many small steps in the right direction than to take a big leap in the wrong direction, only to stumble backward.”
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Kelvin Wetherill - Uploaded on August 17, 2021
Kelvin Wetherill - Uploaded on August 17, 2021
It's always exciting to get the latest tech device. Unpacking it and piecing it together, getting it charged up and exploring all the new features.
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Kelvin Wetherill - Uploaded on August 06, 2021
Kelvin Wetherill - Uploaded on August 06, 2021
A quick update on what we have been doing at NerdApp. Our new NerdApp Business portal is coming online soon, ETA is only a week or two away
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Kelvin Wetherill - Uploaded on July 21, 2021
Kelvin Wetherill - Uploaded on July 21, 2021
'The Human Cloud' what is it and how can you be a part of it?
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Kelvin Wetherill - Founder & CEO - Uploaded on June 23, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on June 23, 2021
Microsoft may have lost some of the intrigue for its scheduled event on 24 June, where the tech giant teased, they would be revealing...
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Jon Wetherill - Uploaded on June 03, 2021
Jon Wetherill - Uploaded on June 03, 2021
Wireless headphones are all the rage but which ones are the best? Here's a quick review for those of you torn between the two top selling buds on the market.
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Kelvin Wetherill - Founder & CEO - Uploaded on March 17, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on March 17, 2021
A remote IT services app, dubbed the ‘Uber’ for IT Support, is going global in a ground-breaking move amidst the Covid19 pandemic.
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Kelvin Wetherill - Founder & CEO - Uploaded on February 14, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on February 14, 2021
England is now in its third lockdown, and children are reverting back to remote learning. Parents and students are adapting lifestyles...
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Kelvin Wetherill - Founder & CEO - Uploaded on January 04, 2021
Kelvin Wetherill - Founder & CEO - Uploaded on January 04, 2021
The gig economy has been with us as long as people have tried to find ways to make a living. However, it became part of our daily conversation in the first decade of this century and is usually used to describe part-time free...
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Kelvin Wetherill - Founder & CEO - Uploaded on December 15, 2020
Kelvin Wetherill - Founder & CEO - Uploaded on December 15, 2020
Today, we live in a world of technology. It surrounds us in every way. Technology plays a significant part in our lives, from using our mobile phones to watching movies on Netflix, we are interacting with tech devices all day...
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Kelvin Wetherill - Founder & CEO - Uploaded on November 25, 2020
Kelvin Wetherill - Founder & CEO - Uploaded on November 25, 2020
The need for quick and effective IT support has never been greater, with 46.6% of the UK workforce doing some work at home in April 2020, according to the ONS. With so many people working from home, an office-based computer s...
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