THIS WEBINAR WAS HELD ON Monday 29th MARCH 2021
DOWNLOAND PRESENTATIONS SLIDES
The government postponed the reforms to the off-payroll working rules (IR35) ~
from April 2020 to 6 April 2021.
Driven by ethics and guided by knowledge join Kevin Lucas and Phil Ross of Lucas Ross together with Tony McKenna of Contractor UNL Limited as they guide you through the complexities of IR35 rules being introduced this April.
- The market for contractors and the flight of the banks from that market
- Opportunities in the contractor market.
- What can be done to ensure compliance with uncertain rules.
- The advantages of getting this right.
- What to do if all else fails: Business Rescue, Recovery & Insolvency Options
Lucas Ross – Business Rescue, Recovery & Insolvency is a team of business advisors that specialise in turnaround, corporate rescue and recovery and insolvency. We provide industry leading, nationwide advice and services to businesses and individuals that are facing financial and operational problems. Lucas Ross are ideally placed to deliver practical straightforward thinking, concise professional advice with the aim of bringing peace of mind to our clients. We are passionate about what is best for the customer, sharing the problems and working together to come up with the best possible outcome. We cover all aspects of personal and corporate insolvency with vast experience in assisting in turnaround management, restructuring, Insolvency and recovery, refinancing, funding as well as a range of practical interim management solutions. We aim to deliver these services in a friendly and professional manner by offering clear and unbiased advice and support to alleviate the pressures that business owners and individuals face when in financial difficulty. All of our initial consultations are offered nationwide, free of charge and without obligation
Kevin Lucas
Kevin Lucas is a Chartered Accountant of over 20 years with a
diverse finance background.
As a Licensed Insolvency Practioner, Kevin provides professional advice and empathetic support to the owners, managers and lenders of/to companies across a variety of funding, turnaround, rescue and insolvency platforms.
He is equally adept in the niche areas of Deceased Insolvent Estates, Third Sector restructurings, Pension Scheme deficits, Fraud Investigations (the use of insolvency as a key weapon) and Court Appointed Receiverships (whether they be through equitable execution or within shareholder disputes); as well as the more traditional Solvent Liquidations (MVL), Reorganisations / Demergers including S110 Schemes, partnerships or LLP Insolvency, Voluntary Arrangements – CVA’s, PVA’s, IVA’s, Liquidation, Administration (traditional or Pre-Pack), Receivership, HMRC Debt negotiation, Pre and Post Lending viability and covenant reviews.
His technical expertise and knowledge of the law, its practical application and the approach to the courts is second to none when it comes to getting the optimum outcome for the stakeholders he represents. An ICAEW and R3 committee member, he is at the forefront of proposed and actual changes taking place in his areas of expertise, providing considered, thought provoking comments to any given situation.
Philip Ross
Phil Ross is an experienced and innovative commercial and operational strategic leader
having worked across a variety of industry sectors.
Through his passion to drive results and exceed quotas through a relationship based model, alongside over 20 years of Management Experience within both the private and public sector environments, he has enabled organisations to grow in breadth and scope. He possesses a formidable track record in establishing strong operational teams enabling unsurpassed customer value, low-cost footprint, advantageous sourcing partnerships, tight production benchmarks and best in class processes across different industries. As a member of TMA (Turnaround Management Association ) and Chartered Institute of Credit Management (MCICM), Phil has worked predominantly within the Turnaround and Restructuring environment.
His skill base covers an array of attributes including : -
- Operational Leadership – Accountability for all operational aspects.
- Commercial Development – Taking responsibility for the development, implementation and delivery of relevant commercial activities to drive additional revenue, develop new services and control costs whilst maximising market positioning.
- Financial Management – Working alongside finance to deliver budgeting and forecasting profiles to ensure the financial viability, sustainability and prosperity of the commercial services.
- Change Management - Leading the implementation of business and cultural change and improvement strategies.
- Service Focus – Understanding emerging trends whilst ensuring ability to respond.
- Leadership & People Management – Leading and inspiring high performing teams and holding them accountable, collectively and individually, to ensure delivery of agreed objectives, aspirations and goals.
- Performance Management – Defining and developing robust targets and KPIs for staff whilst ensuring appropriate reporting and monitoring of the financial performance, quality assurance, audit and risk management.
- Continuous Improvement & Innovation – Driving culture of continual improvement and innovation.
- Research & Development – Identification of key strategic development opportunities and leading Digital transformation projects relating to software and digital platforms
- Partnership Development – Keeping abreast of unique and advantageous external relationships and partnerships.
Tony McKenna
Tony McKenna is an Accountant of over 10 years of experience
and a Regulated Wealth Manager.
As a tax and investment specialist Tony has advised a diverse group of businesses with a particular emphasis on Contractors. He has worked extensively on IR35 since the changes were first considered by HMRC and the Treasury and remains active in this market. He has consulted on Merger and Acquisition work including business purchase, sales, restructuring and MBO’s and is particularly focussed on the risk elements of such transactions. He delivers this work through companies in which he has a significant interest, including an ICPA accountancy practice (Director), regulated financial planning firm, payroll business (Director), workplace pension consultancy, commercial finance business and claims management company. Most of his work on IR35 can be seen in action through one of his projects at irthirtyfive.co.uk.
Contractor UNL Limited:
Contractor Unlimited is an SME and Contractor specialist accountant. Over recent years their interest in systemisation and automation has led them to develop a significant niche in the area of e-commerce and they continue to serve larger business in this space. Many of the other business interests of Contractor Unlimited have been built on this understanding of automation, delivering and utilising quality data to optimise business results. Their experience in the world of contractor accounting has led them to develop offerings to contractors that are caught up in the exodus of employers from the contractor market. The market challenge remains that companies lack confidence in the IR35 legislation itself and how secure they are from liability. Working with the contractor to ensure that they carry none of the markers of disguised employment and with the employer to ensure their risk of liability is removed remains the way to tackle this dilemma. The company using contractor services could benefit from a massive market inefficiency which has seen all large financial institutions flee the market, with a mass of talented individuals taking up to a 50% tax hit if they stay where they are.
If any ESSA Members have any queries or question please let us know as the guys from Lucas Ross and Contractor Unlimited are happy to see if they can help.
