Businesses face risks if they fail to prepare for IR35 reform
November 30, 2020
Fail to prepare, prepare to fail. That's warning from our Commercial Director, Charlie Cox, who's highlighting the importance of businesses being ready for private sector IR35 reform.
He recently told Accountancy Age that firms can't underestimate the amount of work needed to prepare for the legislation - despite the global pandemic and Brexit making it hard for them.
And businesses which aren't ready could run into considerable problems as a result.
Charlie said: 'Losing some high-end talent in accountancy or IT is one of the risks.
'The other one is the big focus on budgets at this moment of the year. If they don't assess people properly or assess contractors properly, and they forced them into an inside out IR35 situation, it's highly likely that a lot of these contractors will want to increase rates as a result.'
You can read the full article by clicking here.
SThree plc published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 10:26:03 UTC