| Efficient tax
planning and advice is central to the service that we provide
for IT contractors. With the advent of IR35 a review of how
the regulation impacts on each of our clients' contract and
finding the right solution is the first task that we carry
out. This review of IR35 status is carried out with each new
contract since IR35 is related to the contract as opposed
to the individual. Alexander Ene offer a choice of two operating
services to IT contractors:
Own Company With own company,
the contractor operates through a Limited Company formed specifically
for his own purpose. We provide all the accounting and taxation
services that will ensure compliance with it's statutory obligations.
These services will include the following:
- Review of Contracts with a view to providing
the best IR35 solution.
- All Companies House matters (statutory
filings).
- Bookkeeping and quarterly VAT returns.
- All PAYE work.
- Dividend calculations.
- Annual accounts preparation.
- Corporate Tax Computations and filing Corporation
Tax Returns.
- Director's Self-Assessment Personal Tax
Return.
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Umbrella Company
Operating through our in house umbrella company is ideal for
those who do not wish to be involved in the running of their
own company. It is also suitable for those contracting for
only a short period. The umbrella company is completely IR35
free and will therefore be most suitable for those looking
for an IR35 free environment. With the umbrella option all
the administrative and compliance matters are dealt with by
Alexander Ene through our own in house company. The only thing
you are required to do is send your time-sheet to your agency
and provide us with copies together with details of your business
expenses. We will issue invoice on your behalf, collect payments
and process your salary. Your net salary is transferred to
your nominated bank account after deducting our fees, PAYE
tax and National Insurance and adding back authorised expenses.
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