Advice

Running an interim business


Calculating your salary under IR35

IR35 states that if through your company you are doing the sort of work for your client that would normally be undertaken by an employee, then 95% of the income received by your company during the tax year, excluding VAT, must be paid as salary.


How to set your daily rate

One of the first things you need to do when setting yourself up as an interim manager is to calculate a suitable daily rate to charge your clients, taking full account of your changed status.


What is IR35?

IR35 states that: 'If through your company you are doing the sort of work for your (ultimate) client that would normally be undertaken by an employee working directly for that client, then 95% of your fee income must be paid in that tax year, as salary'


Legislation affecting interims

There are many key items of legislation that an interim operating through a limited company must consider. It is not necessary to learn the fine print of these regulations, but it is important to be aware of the basics.


Which trading format should I use?

Interim management is a highly competitive business, and it’s important that your CV sets you apart from the crowd. This doesn’t mean adopting flashy formatting, diagrams and pictures.


Why do interim managers need a limited company?

Interim management is a highly competitive business, and it’s important that your CV sets you apart from the crowd. This doesn’t mean adopting flashy formatting, diagrams and pictures.


The IR35 Employment Test

Interim management is a highly competitive business, and it’s important that your CV sets you apart from the crowd. This doesn’t mean adopting flashy formatting, diagrams and pictures.


How to set up a limited company

Most people use their own name e.g. John Smith Associates Ltd, others incorporate part of their address e.g. Carlton House Limited, whilst others are able to think of a more defined title linked to their line of work.