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The main objective of the so named IR35 legislation is always to prevent contractors using the tax benefits associated with operating through their own personal company. This means people working via limited companies will be susceptible to exactly the same levels of tax as 'normal employees', using the appropriate degrees of taxes & national insurance. Flickr:Giorgos Gotsis: It's August as well as the words "Back to School" ring loud inside the ears of parents, students and educators. Schools, families, businesses and communities are hearing the rally cry and readying themselves for your inauguration of a new school year!! Some are celebrating the brand new start while others are bracing to get a new year as well as the nervous about the unknown.