Fail to prepare, prepare to fail. That’s warning from our Commercial Director, Charlie Cox, who’s highlighting the importance of businesses being ready for private sector IR35 reform.

He recently told Accountancy Age that firms can’t underestimate the amount of work needed to prepare for the legislation – despite the global pandemic and Brexit making it hard for them.

And businesses which aren’t ready could run into considerable problems as a result.

Charlie said: “Losing some high-end talent in accountancy or IT is one of the risks.

“The other one is the big focus on budgets at this moment of the year. If they don’t assess people properly or assess contractors properly, and they forced them into an inside out IR35 situation, it’s highly likely that a lot of these contractors will want to increase rates as a result.”

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