Managed Companies
The managed company option is for clients who want to have their own limited company, but don’t want to be burdened with the administration. It is similar to the All Inclusive Service noted under Limited Company options but it goes beyond this because we are directors of the company, and we invoice the agency and pay the bills out of the income generated. The Managed Company Service is mainly designed for:
- Contractors who want to minimise any involvement in the management and administration of the company
- Who do not want to share the company with others
- Contractors, irrespective of their IR35 status
Benefits
We have researched what contractors expect and need from a Managed Company Service. We offer a completely hassle free and transparent service.
- The service is available immediately
- Comprehensive and generous expense policy
- Tax and national insurance savings
- We aim to sign contracts with your agency/client within 48 hours
- There is no joining fee and no termination fee
- Details payslips
- Income confirmation to support credit/mortgage applications
- Remove all responsibility of running a limited company
- You are eligible to join our pension scheme
Click here for our online employee application form
Your Role
- To source and decide on the contract that will best suit your needs and skills, informing the agency/client that you will be operating through our managed company service. The contract will then be made out between the company and the agency/client naming you as the contractor. You will be paid the income received from the agency as expenses, salary and dividends less statutory deductions and costs.
- To submit authorised timesheets and expenses to us by email, fax or post.
- To submit your personal claim for allowable expenses on our expenses claim form with supporting receipts.
Agents Role
- Sign a contract with us on terms and conditions initially agreed by you and ratified by us.
- Pay fees to us on terms and conditions in the contract, supported by authorised time sheets.
Our Role
- To sign the contract between the agency/client on your behalf and give you an employment contract.
- To invoice the agency/client on receipt of authorised timesheets and expenses.
- We process your pay on Tuesdays for income received by us up to the previous Friday. The pay will be in your bank two days later. We can pay you weekly or monthly, as advised by you. You can request advances of pay at any time. We will let you know how much you can take. Approved expenses received by us by the previous Friday, will be paid on pay days. We will send your net pay and expenses to your bank account by electronic transfer.
- All administration/book-keeping accounts will be handled by ourselves, leaving you free to do what you do best - contracting.
- You will be eligible to join our pensions scheme.
