Contracting with Software Personnel International
At Software Personnel International our purpose is to find you the contract you desire and offer you the best rates, expert advice and market insights relevant to your expertise. This allows you to make an informed decision and gain a competitive position to secure your next contract.
Our dedicated contract team take a methodical approach to ensure your contract is easy to understand and there is a smooth transition into your new work environment. If you accept an assignment, our Contractor Care team will support you all the way, providing contractual advice, explain the on-boarding process, invoicing and answer any questions.
With over 30 years experience within the IT Contract sector we are often the 'preferred supplier' for contractors with may organisations who entrust us with the entire recruiting process including IR35 determination issues.
As a Contractor with Software Personnel, you’ll have the choice of three contract methods:
- Set yourself up as a PSC / UK limited company and ensure you’re listed as the Director and are in sole financial control of the company.
- Join our PAYE and get paid a net salary with payslip. We deduct your income tax, national insurance, pension contributions. This also includes our Pension contribution and holiday pay. (This is a free service and do not charge any administration fee)
- Enter into an agreement with one of our approved 'umbrella companies'.
Contracting or freelancing via your own UK Limited Company. This offers greater flexibility and additional tax benefits but means you take greater responsibility for your accounts. If you are trading as a UK Limited Company, invoices raised against an approved time-sheet will be paid to 10-day payment terms.
By joining an umbrella company, you’re essentially taken on as an employee where you can gain employment rights and minimise your administrative tasks. This is ideal for those who work on short-term projects or on a series of short assignments and incur business expenses during their work.
Status Determination Statements (SDS) & IR35
We have may years expertise, along with advice from trusted partners to ensure we achieve the correct Status Determination for End Clients and Contractors, with the vast majority of our projects being determined to be Outside IR35.
We prepare an IR35 Audit to assist End Clients in preparing for the introduction genuine contractors “Outside IR35”. Along with our trusted partners we are able to provide quick and easy assessment of each project, backed by expert contract, review and Insurance.
Before a project begins and for each individual assignment we consult with 'End Clients' to help them determine the correct Status Determination Statement (SDS) - we do not accept 'Blanket Assessments' as these determinations do not constitute reasonable care. We prefer to work with End Clients to help determine their assessment which is based initially on 'The Specific Role' and then a 'Collaborative Assessment' once the Contractors details are obtained - which is acceptable by HMRC.
In rare cases where the contract is deemed "Inside IR35" we make this clear at the outset and will provide Key Information Document (KID) outlining exactly how you will be paid with an example Gross pay and Net pay with deductions if paid via PAYE. We an also pay your PSC invoice, but with employee NI contributions and income tax deducted on the gross amount, then VAT added if applicable.
We also have up to date upper (End Client) and lower (Contractor) level contracts, issued by Lawspeed the UK’s leading law consultancy dedicated to the recruitment and staffing industry. Our terms of business and model contracts are exceptional, accurate and commercially realistic. They provide the best protection and minimise liability and risk in a unique and effective way.
The vast majority of Limited Company Contractors will have some form of contractor insurance, professional indemnity or liability insurance. For projects where you are operating outside of IR35, purchasing insurance is a key indicator that you are being in business on your own account. All contractors in business today need to be proactive and show that they have taken reasonable steps to understand IR35 and ascertain their status accordingly, and an IR35 Contract Review demonstrates to HMRC exactly that, and is a key indicator in proving IR35 status.
Our chosen partner to assist is Larsen Howie who offer competitive premiums for their insurances, most of which include a free IR35 contract review/assessment.
To obtain a quote please click here https://softwarepersonnel.larsenhowie.co.uk/
With effect from April 2020, when taking an 'Outside IR35' contract through Software Personnel International, we will reimburse your IR35 Tax Investigation Insurance Premium when using our chosen partner Larsen Howie. This cover includes everything within the Contractor Tax & Legal Protection package, plus professional representation should HMRC open an IR35 status investigation into your tax affairs.
With Software Personnel International we provide the correct Status Determination Statement, exceptionally written Contracts, Contract Reviews and IR35 Tax Investigation Insurance.