MOVING ACROSS TO ASMAT & CO
Here at Asmat & Co, we take away all your stress and headaches so that you can focus on your day-to-day business. Our experienced and expert advisors can help you from setting up your company to ensuring you are compliant with IR35.
You will have a dedicated Account manager who will be looking after you and your business and they will be available 5 days a week. You can also log into your account and load information which you believe are important and we will look at it thoroughly to ensure you don’t have any nasty surprises.
| LIMITED COMPANY ACCOUNTANCY SERVICE | UMBRELLA EMPLOYMENT SOLUTION |
|---|---|
| Company Formation can be completed within a few hours. However registrations for VAT, Corporation Tax and PAYE can take up to a few weeks | Instant Set-up if with a contractor specialist |
| You will be the director of your own company | You will only be an employee of the umbrella company |
| You invoice the agency for the work done on behalf of your company | You will submit your timesheets to the Umbrella. The Umbrella will then invoice the agency. |
| You have a high degree of control over your business | Little control |
| You are responsible for ensuring your company and personal taxes are paid on time. | The Umbrella company will deduct taxes before you are paid |
| There is a higher scope to offset expenses against the company’s tax bill | Restrictive scope to reclaim expenses |
| You will require a separate business bank account for your company | Only require your own personal bank account |
| All company directors will have to complete an annual tax return | Not required to complete a tax return unless you earn untaxed income in addition to your Umbrella Earnings |
| Good if you are intending to provide services to multiple clients | Not ideal if you plan to work for several clients at the same time |
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To Find out More – Please ring 0203 5988 621 and ask for an Account Manager |
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