042 What Is MSC Legislation And How Might It Affect You?
Managed Service Company (MSC) legislation has come to the fore in recent months following news that HMRC sent tax bills to numerous self-employed contractors after accusing their accountant of breaching MSC rules. It’s quite likely that you’ve never heard of MSC legislation, even if you’re a seasoned contractor, so what on earth is it all […]
Warning: Does Your Accountant Have Too Much Control?
In yet another attack on contractors working through their own limited companies, HMRC has now sent tax bills to 1,000 contractors after accusing their accountancy firm of breaching managed service company legislation. In essence, the specialist accountancy firm Churchill Knight & Associates has been accused of controlling their clients’ limited companies such that the limited […]