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Services & Support for Contractors

Hillier Hopkins’ growing, UK wide, contractor/freelance client base has lead to the development of a team who have a wealth of experience of dealing with contractors. As part of our commitment to best practice our staff attend regular training sessions to ensure they are up to date with any changes to relevant legislation. We also run regular seminars to contractors on issues such as IR35 and the Settlements Legislation.

With over fifteen years experience in providing specialist services to contractors, we strive to minimise your overall tax liabilities, taking account of your personal circumstances.

Established in 1933, we have 34 members of staff qualified with the ICAEW and offer comprehensive accounting and tax services.

Professional Contractor Group Quality Accountant
In November 2006, we became accredited by the Professional Contractor Group, (PCG), under their Quality Accountant Scheme PCG (QA). We are also an affiliate of the PCG.

Please click here to see our PCG details.

Contractor UK Website - You can also find us on www.ContractorUK.com

IR35 Implications
CIS Implications
Expenses
Our Service
Fee Schedule

 

IR35 Implications

Operating through a limited company can be a very tax efficient vehicle and depending upon the remuneration structure, may avoid National Insurance on your earnings entirely.

HMRC have introduced legislation (known as IR35) designed to combat perceived abuse of this. Broadly speaking, IR35 may apply where the main fee earner of the company could be considered to be an employee of the company’s ultimate client, were there no intermediaries involved.

This issue will be discussed with you in light of your own personal circumstances.

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CIS Implications

A new subcontractor, i.e. somebody who for the first time starts working in the UK construction industry through a Limited Company, will have to register for the new CIS Scheme. We can assist you with this. You will have 20% tax deducted at source which can be offset against other company tax liabilities. Once your turnover exceeds £30,000 you can apply for payments to be paid gross.

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Expenses

We can advise you which expenses can be offset against your income, in order to minimise your tax liabilities. The rules on travel, use of home and motor expenses can be very complex. We will advise you on whether you are claiming everything that you are entitled to.

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Our Service

As a contractor it is important that your financial affairs are in order to ensure that you can take full advantage of any tax saving initiatives.

Bespoke Tax Planning to suit your personal circumstances and minimise your overall tax liabilities.

Direct access to accountants qualified with the Institute of Chartered Accountants in England & Wales (ICAEW) and the Chartered Institute of Taxation (CIOT).

What you will get from us:

• Information and advice on how IR35 affects you
• Unlimited telephone and email support
• Formation of a Limited Company
• Recommendations on possible IR35 implications
• A ‘Questions and Answers’ information sheet
• An invoice template to assist with issuing invoices
• Dividend administration
• Payroll Bureau and completion of P35 and P11D Returns
• Preparation of Corporate Tax Returns
• Preparation of Personal Tax Returns*
• Preparation of company accounts and tax computations
• Completion of Annual Returns
• Dealing with HMRC and Companies House
• CIS registration and advice.

* Included in annual fee but not with the flexible term monthly fee due to short-term nature of contracts undertaken.

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Spreadsheets
We will provide you with various spreadsheets, which will facilitate your record-keeping. These spreadsheets have been developed to be as user-friendly as possible, in order to minimise the time required to input your accounting information.

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Fee Schedule

We are aware that there are those that consider themselves ‘long-term’ contractors, and those that are ‘temporary’ contractors, working on multiple short-term contracts.

To ensure that we cater for both groups, we offer separate fee structures, allowing you to choose the most appropriate for your circumstances.

1) FLEXIBLE & SHORT TERM

For those that are not sure they need long-term services but need a flexible service allowing them to close down the company at any time.

Monthly Charges

£175 + VAT for the first 6 months
£125 + VAT monthly thereafter

Personal Tax Return Service: £200 + VAT

If you would like us to provide a tax return service for you, please let us know. Due to the short-term nature of most contracts using the flexible fee structure, this service is
charged separately.

2) LONG TERM

For those that are confident they require a company for at least 12 months.

Annual Charges

£1,500 + VAT paid monthly
£1,740 + VAT paid monthly for 2 directors

Personal Tax Return Service: FREE
The Personal Tax Return service is included in the annual fee for those committing to this fee structure for long-term contracts of 12 months or more

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For more information or to arrange an initial consultation, please contact Kevin Hayhoe on 08452 700656 or email kevin.hayhoe@hhllp.co.uk