I own/run a small internet-based business. While I'm growing this business I will be starting some ad-hoc due diligence consulting work to pay bills & fund the business. I know some of you are quite experienced in this field, so would love some advice on a couple of questions I have.
- Is there any reason not to invoice for the consulting work via the same limited company that I run my small business from? I am the sole owner/operator of that business and it will be very easy to separate the finances in management accounts
- Do I need to worry about IR35? I believe I don't come close to falling into IR35 - I'm using my own equipment, managing my own time, working on discrete projects/pieces of work & mostly working from home. On the other hand, I am charging a day-rate, they wouldn't expect substitution & I will have to attend face-to-face meetings once or twice a week at the client's office. I will only be working for one client, but will be balancing this with running my own business.