If you are contracting in the Public Sector and your client determines you as caughtbyIR35 this will likely mean a substantial reduction in your earning potential (unless you are already operating with deemed payments). In addition, you will still incur the running costs of your business such as, accounting fees, business insurances, marketing, and other operating costs.
We are the experts, talk to one of our team and we will be able to help you assess what the best solution is for you. Are you better off maintaining your Limited company? Is it worth considering closing your Limited company and joining Connect Advisory Partners as an employee? Or do you just need more information on deemed payments?
A deemed payment is a payment where tax and NI has already been deducted as if you were an employee. CAP and its partners can help to deliver a cost effective Payment solution for PSC owners.
An important part of our job is to know how each of our agency clients work and being able to fit in with their way of doing things. We raise invoices, collect timesheets, chase payments and do everything we can to make life as easy possible for our sub-contractors. This means everything you need to get paid will be handled by us.
Once you’re fully registered as a sub-contractor of Connect Advisory Partners you’re covered with all the necessary insurances that you’ll need to work with any clients.
These include professional indemnity, public liability insurance and an optional personal accident cover.
Whilst working with Connect Advisory Partners you may also benefit from joining the Flat Rate VAT scheme. The Flat Rate VAT Scheme will give you access to even more money with no effort from you. It’s win, win. We have experts that can help you with this.
As all of our sub-contractors are important to us, Connect Advisory Partners has negotiated a rock bottom price for all of sub-contractors Self-Assessment Tax Returns. This will give you access to a fully qualified accountant who will walk you through the Tax Return process making sure you always pay the right tax and claim the right expenses.
