If you are contracting in the Public Sector and your client determines you as “caught by IR35” this will likely mean a substantial reduction in your earning potential (unless you are already operating with deemed payments). In addition, you will still incur the running costs of your business such as, accounting fees, business insurances, marketing and other operating costs.
We’re the experts, talk to one of our team and we will be able to help you assess what the best solution is for you. Are you better off maintaining your Limited company? Is it worth considering closing your Limited company and joining Liquid Friday as an employee? Or do you just need more information on deemed payments?
A deemed payment is a payment where tax and NI has already been deducted as if you were an employee. Liquid Friday and its partners can help to deliver a cost effective Payment solution for PSC owners..