Plan A1 Services
For Contractors & Freelancers in Essex
Freelance contractors working in the professional services industry may find themselves referred to as ‘Personal Service Companies’, or PSCs.
Plan A is tailored specifically towards freelancers in Essex who are in this position. We get to know your business and personal circumstances and work with you to find the optimum tax planning solutions.
Time well spent
You will need no reminder of the value of time, so poring over your books and ensuring that transactions are accurately recorded are processes that eat into the hours you could be spending on your service. Nevertheless, the important of tax compliance and maintaining up-to-date accounts cannot be underplayed.
Plan A can take this laborious process out of your hands, yet still provide the flexibility for you to remain up to speed with current VAT and corporation tax liabilities.
What about IR35?
Ever since it was introduced in 2000 and reviewed in 2010, IR35 legislation has caused headaches for a number of PSCs and other contractors who were previously able to receive and distribute payments in the same way as an ordinary SME.
With HMRC penalties for underpaying being steep, failing to comply with IR35 can have devastating consequences. With the help of our experienced and driven team, we can identify any risks of you falling on the wrong side of IR35 legislation and provide professional advice on any changes you may need to implement. Our clients can also take advantage of our prefential rate with QDOS , a leading provide in IR35 insurance.
- Free company incorporation and registration for relevant taxes
- Xero subscription
- Dedicated account manager
- Flat Rate VAT calculation and submission
- Monthly reconciliation of business bank account
- Payroll for upto 2 employees/directors
- Self assessment for 1 Director (Paye & Dividend income only)
- Monthly report detailing Profit & Loss along with accrued VAT and Corporation Tax Liabilities
- End of Year Statutory accounts to both HMRC and Companies House
- Company Secretarial including Registered Office
- IR35 contract review and discount on IR35 Insurance with market leader