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Why you can stop panicking about IR35 (but there is something else you do need to clear up!)
IR35 scaremongering got your head spinning? Read on to separate the fact from fiction...
We’ve seen a lot of talk in salon groups about some ‘new legislation’ which comes into play on 6th April 2021 which will ‘shake up’ the chair rental salons.
(*This was supposed to come into play in April 2020 but due to Covid-19, the government postponed it to 2021)
There’s a lot of mixed messages out there so I’ve done a bit of research to help to clear things up…
First of all, what is IR35?
…Don't Get Caught Out With Your Chair Renters...
HMRC are cracking down on employees 'disguised' as chair renters and are coming down hard on the salon owner. Read this blog so you don't get caught out!
With the rising costs of running a salon with employees as well as the added worries of covering wages, NI, VAT, stock as well as the thought of having your team off sick or on maternity, it's no wonder that more and more salons are moving to chair rental models.
It's so important that you get your setup correct, as HMRC are looking at our ind…