It’s now extremely common for people to work freelance rather than as an employee. There is higher earning potential and the opportunity to gain a wealth of knowledge and experience as a freelancer, but there is not the same protection that an employee has.
At Create Ts and Cs we understand your world and we know that it is important to have a legal framework in place that will protect both the business and the freelancer.
It is vital to differentiate in order to manage liability within the business and clearly define the relationship between both parties in relation to HMRC IR35 regulations. IR35 exists to ensure that individuals are working as a contractor rather than an employee. If there is no contract to define this relationship then HMRC will crack down, which could result in paying years of backdated tax.
At Create Ts and Cs we want to help you navigate the law and ensure that a contract clearly reflects the business relationship. It is critical in terms of HMRC to differentiate both parties.
Issue like who owns the client and client contact, payment terms and the issue of the ownership of intellectual property are key in a contractor agreement. A diligent approach to freelance management will help the company manage the risk of hiring a freelancer or contractor and allow both parties to benefit from the agreement.
We take the time to understand your business relationship so that it can be correctly reflected within the contract. We want to help protect you and allow your business to grow.