Umbrella company IR35 solution for contractors returning up to 86%. IR35 compliant. All insurances included.
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IR35
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Whether you are new to contracting or have been contracting for years, you should take a look at our IR35 solution. It's like an umbrella company but better. It offers a return of up to 86% which is higher than an ordinary umbrella company and higher than a personal service company. It's much better than a personal service company because you don't have the hassle of keeping books or invoicing or doing VAT returns or payroll returns or corporation tax returns or annual accounts. It's so easy. You send your timesheet to your agency and to our UK umbrella company and we do the rest. We can have you up and running on the scheme within 48 hours (sometimes 24 hours in very urgent cases). And as you'd expect from our IR35 Solution, it is IR35 Compliant! The solution comes complete with all the necessary insurances (public liability, professional indemnity, etc) and the quality of service is excellent! Contact us now for more information and for a personalised take home pay calculation: |
Limited Companies: [Page 1]
Your Options: Contractors have three main options when deciding which financial arrangements to use. They are:
[1] PAYE - i.e. the contractor is an employee of the agency (not tax efficient) [2] Umbrella Company - standard or high return [4] Limited Company
We do not consider PAYE on our website as we have assumed most contractors will wish to pursue the more tax efficient options available to them. We explain below how limited companies work. To find out how the Umbrella Company options work, visit our Umbrella Company section.
Limited Companies: Unlike umbrella companies and composite companies, a limited company is set up purely for you. Usually you will be the only shareholder and the only employee. It is a way of trading that many self employed people use. They do so because it is a fairly tax efficient way of operating. They draw a modest salary from their limited company on which PAYE is operated and then pay the rest of the limited company's profits out as dividends. They do this because dividends are not liable to PAYE or employer's or employee's NIC.
Drawbacks of limited companies: For the long term contractor, the drawbacks of the limited company could be quiet frustrating when compared with high return umbrella companies.
Set up costs: You can usually get into and out of an umbrella company without any charge. This is because when you join an umbrella, it already exists. It does not have to be set up. You are just added as a new employee. Similarly, when you leave an umbrella, it does not have to be dissolved. You are just removed as an employee. However, with a limited company, you will need to pay to have the company incorporated and you will need to pay to have it dissolved when you don't want it anymore. However, these charges may not be that large and may be acceptable to you when you assess how much tax you will save in a limited company as compared with a normal umbrella company. The set up costs and hassles are unlikely to be acceptable, however, if when comparing with a high return umbrella company which has no joining or leaving fees.
Admin: You will need an accountant and a company bank account for your limited company and you will need to keep books or find somebody to keep them for you. You will need to raise invoices to your clients and be responsible for collecting the money.
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Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around |
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"IR35 Compliance" is a trading style of The Holdsworth Organisation Ltd, a company registered in England number 5309465.