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00:32

Benefits of Contracting

NET 85% OF YOUR INCOME: http://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 0845 643 1580 Tarpon – Contractors/ Freelancers/ Consultants Before we go any further, perhaps we should say something about our own reputation? We're an employment benefits company known for making contracting substantially more rewarding. We're renowned both for our tax expertise and for providing contractors with their own personal business managers. By signing up with us, contractors are given the status of employees. This comes with numerous benefits. Not the least of which is that they can′t be challenged under IR35 rules. They also receive a regular salary; they enjoy the ability to claim 100% of business expenses tax-free, often without receipts (all HM Revenue & Customs-approved); they′re given a P60 at the end of the year; they can draw holiday and sick pay; and they may not need to fill in a tax return. Most vital for you, though, is the following fact: As far as HMRC are concerned, the buck stops with us. Not with you. Nor with your contractors. Your reputation, in other words, is safe with us. Business Expenses Claim back business expenses such as travel, accommodation, food and much more with our unique HMRC approved expenses policy. Tarpon will maximise your income, keep you legal and streamline all your admin. Tax. IR35. Confused about the implications? Or just confused about what it is? Leave it all to us. We're specialists in both tax and IR35 and can give you impartial, straightforward advice on both. With Tarpon, you'll have your own personal business manager to keep you tax-efficient and to reclaim up to 100% of your business expenses, tax-free. (Your business manager will even call you at a convenient time to take down the details of those expenses, which means you won't need to do this online each week.) And to ensure you maximise your tax and national insurance savings we also offer a childcare voucher scheme and a personal pension through salary sacrifice. If the taxman comes knocking, it won′t be on your door. As far as HM Revenue & Customs are concerned, the buck stops with us, not with our contractors. So, unlike some umbrella companies, we don′t need to provide legal fees to cover possible investigations. We′ll keep you IR35-compliant, supply you with a P60 and employ an expenses policy approved by HMRC themselves. https://www.tarpon-uk.com/employee-benefits/tax-expertise/?WT.mc_id=ON_V_YouTubeTop20 Benefits that Tarpon members enjoy: Get £25.00 for every night that you stay on a friend’s sofa You don’t need receipts to claim lunch expenses Get back your travel expenses, tax-free. Get £20m indemnity cover, free. Get paid on time, everytime. Don’t pay more tax than you have to. Employment benefits company. Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don't have to worry about any administration, tax returns or expensive accountants. We'll also give you £20million worth of professional insurances for total peace of mind. Calculate your salary: https://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 Tags Benefits Of Contracting Tax Advice Contractors Umbrella Company IT Contractor Payroll ir35 compliant tarpon tarpon-uk contractor hmrc compliance salary calculator

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Tax advice for Contractors – Umbrella Company Tax Advice

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Tax advice for Contractors – Umbrella Company Tax Advice

NET 85% OF YOUR INCOME: http://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 0845 643 1580 Tarpon – Contractors/ Freelancers/ Consultants Tax advice for Contractors – Umbrella Company Tax Advice Before we go any further, perhaps we should say something about our own reputation? We're an employment benefits company known for making contracting substantially more rewarding. We're renowned both for our tax expertise and for providing contractors with their own personal business managers. By signing up with us, contractors are given the status of employees. This comes with numerous benefits. Not the least of which is that they can′t be challenged under IR35 rules. They also receive a regular salary; they enjoy the ability to claim 100% of business expenses tax-free, often without receipts (all HM Revenue & Customs-approved); they′re given a P60 at the end of the year; they can draw holiday and sick pay; and they may not need to fill in a tax return. Most vital for you, though, is the following fact: As far as HMRC are concerned, the buck stops with us. Not with you. Nor with your contractors. Your reputation, in other words, is safe with us. Business Expenses Claim back business expenses such as travel, accommodation, food and much more with our unique HMRC approved expenses policy. Tarpon will maximise your income, keep you legal and streamline all your admin. Tax. IR35. Confused about the implications? Or just confused about what it is? Leave it all to us. We're specialists in both tax and IR35 and can give you impartial, straightforward advice on both. With Tarpon, you'll have your own personal business manager to keep you tax-efficient and to reclaim up to 100% of your business expenses, tax-free. (Your business manager will even call you at a convenient time to take down the details of those expenses, which means you won't need to do this online each week.) And to ensure you maximise your tax and national insurance savings we also offer a childcare voucher scheme and a personal pension through salary sacrifice. If the taxman comes knocking, it won′t be on your door. As far as HM Revenue & Customs are concerned, the buck stops with us, not with our contractors. So, unlike some umbrella companies, we don′t need to provide legal fees to cover possible investigations. We′ll keep you IR35-compliant, supply you with a P60 and employ an expenses policy approved by HMRC themselves. https://www.tarpon-uk.com/employee-benefits/tax-expertise/?WT.mc_id=ON_V_YouTubeTop20 Benefits that Tarpon members enjoy: Get £25.00 for every night that you stay on a friend’s sofa You don’t need receipts to claim lunch expenses Get back your travel expenses, tax-free. Get £20m indemnity cover, free. Get paid on time, everytime. Don’t pay more tax than you have to. Employment benefits company. Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don't have to worry about any administration, tax returns or expensive accountants. We'll also give you £20million worth of professional insurances for total peace of mind. Calculate your salary: https://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 Tags Tax Advice Contractors Umbrella Company IT Contractor Payroll ir35 compliant tarpon tarpon-uk contractor contracting hmrc compliance salary calculator

advice Tax

IT Contractor Payroll - Tax advice for Contractors

00:32

IT Contractor Payroll - Tax advice for Contractors

NET 85% OF YOUR INCOME: http://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 0845 643 1580 Tarpon – Contractors/ Freelancers/ Consultants Before we go any further, perhaps we should say something about our own reputation? We're an employment benefits company known for making contracting substantially more rewarding. We're renowned both for our tax expertise and for providing contractors with their own personal business managers. By signing up with us, contractors are given the status of employees. This comes with numerous benefits. Not the least of which is that they can′t be challenged under IR35 rules. They also receive a regular salary; they enjoy the ability to claim 100% of business expenses tax-free, often without receipts (all HM Revenue & Customs-approved); they′re given a P60 at the end of the year; they can draw holiday and sick pay; and they may not need to fill in a tax return. Most vital for you, though, is the following fact: As far as HMRC are concerned, the buck stops with us. Not with you. Nor with your contractors. Your reputation, in other words, is safe with us. Business Expenses Claim back business expenses such as travel, accommodation, food and much more with our unique HMRC approved expenses policy. Tarpon will maximise your income, keep you legal and streamline all your admin. Tax. IR35. Confused about the implications? Or just confused about what it is? Leave it all to us. We're specialists in both tax and IR35 and can give you impartial, straightforward advice on both. With Tarpon, you'll have your own personal business manager to keep you tax-efficient and to reclaim up to 100% of your business expenses, tax-free. (Your business manager will even call you at a convenient time to take down the details of those expenses, which means you won't need to do this online each week.) And to ensure you maximise your tax and national insurance savings we also offer a childcare voucher scheme and a personal pension through salary sacrifice. If the taxman comes knocking, it won′t be on your door. As far as HM Revenue & Customs are concerned, the buck stops with us, not with our contractors. So, unlike some umbrella companies, we don′t need to provide legal fees to cover possible investigations. We′ll keep you IR35-compliant, supply you with a P60 and employ an expenses policy approved by HMRC themselves. https://www.tarpon-uk.com/employee-benefits/tax-expertise/?WT.mc_id=ON_V_YouTubeTop20 Benefits that Tarpon members enjoy: Get £25.00 for every night that you stay on a friend’s sofa You don’t need receipts to claim lunch expenses Get back your travel expenses, tax-free. Get £20m indemnity cover, free. Get paid on time, everytime. Don’t pay more tax than you have to. Employment benefits company. Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don't have to worry about any administration, tax returns or expensive accountants. We'll also give you £20million worth of professional insurances for total peace of mind. Calculate your salary: https://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 Tags IT Contractor Payroll Tax Advice Contractors Umbrella company ir35 compliant tarpon tarpon-uk contractor contracting hmrc compliance salary calculator

company umbrella

00:31

Crystal Clear Umbrella Solution

http://www.tarpon-uk.com/contractor-salary-calculator/WT.mc_id=ON_V_YouTube FREE SALARY CALCULATION – NET 85% OF YOUR INCOME 0845 643 1580 Tarpon – the most transparent payroll solution in the UK Before we go any further, perhaps we should say something about our own reputation? We're an employment benefits company known for making contracting substantially more rewarding. We're renowned both for our tax expertise and for providing contractors with their own personal business managers. By signing up with us, contractors are given the status of employees. This comes with numerous benefits. Not the least of which is that they can′t be challenged under IR35 rules. They also receive a regular salary; they enjoy the ability to claim 100% of business expenses tax-free, often without receipts (all HM Revenue & Customs-approved); they′re given a P60 at the end of the year; they can draw holiday and sick pay; and they may not need to fill in a tax return. Most vital for you, though, is the following fact: As far as HMRC are concerned, the buck stops with us. Not with you. Nor with your contractors. Your reputation, in other words, is safe with us. Business Expenses Claim back business expenses such as travel, accommodation, food and much more with our unique HMRC approved expenses policy. Tarpon will maximise your income, keep you legal and streamline all your admin. Tax. IR35. Confused about the implications? Or just confused about what it is? Leave it all to us. We're specialists in both tax and IR35 and can give you impartial, straightforward advice on both. With Tarpon, you'll have your own personal business manager to keep you tax-efficient and to reclaim up to 100% of your business expenses, tax-free. (Your business manager will even call you at a convenient time to take down the details of those expenses, which means you won't need to do this online each week.) And to ensure you maximise your tax and national insurance savings we also offer a childcare voucher scheme and a personal pension through salary sacrifice. If the taxman comes knocking, it won′t be on your door. As far as HM Revenue & Customs are concerned, the buck stops with us, not with our contractors. So, unlike some umbrella companies, we don′t need to provide legal fees to cover possible investigations. We′ll keep you IR35-compliant, supply you with a P60 and employ an expenses policy approved by HMRC themselves. https://www.tarpon-uk.com/employee-benefits/tax-expertise/?WT.mc_id=ON_V_YouTube Benefits that Tarpon members enjoy: Get £25.00 for every night that you stay on a friend’s sofa You don’t need receipts to claim lunch expenses Get back your travel expenses, tax-free. Get £20m indemnity cover, free. Get paid on time, everytime. Don’t pay more tax than you have to. Employment benefits company. Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don't have to worry about any administration, tax returns or expensive accountants. We'll also give you £20million worth of professional insurances for total peace of mind. Calculate your salary: https://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTube Tags Crystal Clear Umbrella Solution brought to you by Tarpon company tarpon-uk contractor contracting hmrc IR35 compliance

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00:33

Composite company – worth the risk?

http://www.tarpon-uk.com/?WT.mc_id=ON_V_YouTube 0845 643 1580 Composite Companies – you will be in the taxman's spotlight Work through a composite company is generally regarded as a tax avoidance process. And the Finance Act 2004 means any tax avoidance schemes have, by law, to be reported to HM Revenue and Customs. Added to this, in the March 2006 budget Chancellor Gordon Brown specifically stated that composite companies will be investigated in order to establish their true function – are they genuine limited companies or just setups to avoid tax. So, by contracting through a composite company you are now highlighting to the taxman that you are avoiding tax and are likely to fall under IR35 legislation. And, with the recent addition of a second HM Revenue and Customs′ specialist office investigating composite companies and their members, chances are extremely high that you will be investigated. The way a composite company works is that you and lots of other contractors own the equity in the composite company, with varying classes of shares. The company bills your clients and receives your fees on your behalf. Then you get paid a nominal salary, along with all the other contractors, and pay minimal tax and National Insurance Contributions (NICs). The bulk of your earnings, and those of your fellow shareholding contractors, is paid out as dividends depending on the class of shares you own, with much lower tax liability and no NICs. Clearly, this is something the taxman is not going to be happy about. Some of the benefits of working through a composite company include: Tax efficiency (where this can be proved to be legal) Shared costs of administering the composite Admin support, eg issuing and chasing invoices Tax allowances for business expenses. Unfortunately, with IR35 and related legislation, working through a composite company has some major downsides: To HM Revenue and Customs tax efficiency through a composite = tax avoidance You will almost certainly fall under IR35 and have reduced earnings because of IR591 If a tax case is won against one of your colleagues in the composite company, you all are liable for the back tax plus any penalties You personally will fall under the spotlight of HM Revenue and Customs Following the Finance Act 2004, your chances of a full-blown HMRC investigation are very high. So, perhaps working through a composite company is not so advantageous after all. To speak to one of our tax experts call 0845 643 1580 Information taken from: http://www.tarpon-uk.com/information/composite-companies/?WT.mc_id=ON_V_YouTube Employment benefits company. Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don't have to worry about any administration, tax returns or expensive accountants. We'll also give you £20million worth of professional insurances for total peace of mind. Calculate your salary: https://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTube Tags Composite company worth the risk tarpon umbrella company tarpon-uk contractor contracting hmrc ir35 compliance

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What is IR35? How to work within HMRC guidelines

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What is IR35? How to work within HMRC guidelines

http://www.tarpon-uk.com/?WT.mc_id=ON... 0845 643 1580 What is IR35? IR 35 comes from the 6th April 2000 Intermediaries legislation. It was first proposed in the 1999 Budget press release numbered IR35. Hence now commonly referred to as 'IR35'. The aim of the legislation is to eliminate the avoidance of tax and National Insurance Contributions (NICs) through the use of intermediaries. Prior to the legislation, a worker could take the money out of the intermediary in the form of dividends instead of salary. The legislation ensures that, if the relationship between the worker and the client would have been one of employment had it not been for an intermediary, the worker pays tax and NICs on a fair basis. Who does it affect? The legislation itself is not targeted at any particular occupation or business sector. It applies in any business sector. The rules will apply to you if you answer 'yes' to both the following questions. Would you be an employee if you worked for your client directly and not through your company or partnership? Does the company or partnership you work through meet certain conditions regarding ownership of the company? What are the consequences of ignoring IR35? HMRC monitors compliance with the legislation to ensure that taxpayers do meet their obligations to pay the correct tax and NICs. Where HMRC find that the incorrect classification has been applied, they have a duty to ensure things are put right for the past and, where appropriate, for the future. Interest and penalties may be charged on any additional tax/NICs due to a result of any review or enquiry. Those that can be held liable are: The worker The Intermediary The Composite/MSC And sometimes even the Agency HMRC have additional powers to claim lost Tax and NI revenue off ANY party who materially benefit from the placement of workers under the "transfer of debt" legislation. How can you work safe? You will need to ensure you do not use a Managed Service Company and in no way take dividends. Investigate and opt for a HMRC fully approved, tax efficient solution When choosing your solution make sure the following applies: You are fully employed. You do not receive pay in "dividends" The company operates a normal PAYE scheme You pay employed (Class 1) NICs The company continue to operate in an HMRC-compliant manner. For a qualified solution, contractors will receive all the usual employment rights and protection given to individuals working for an employer. The service should offer both security and compliancy to all - workers, clients and agencies alike. The company you choose should ensure each and every contractor pays the correct level of Tax and NICs. References; HMRC Website www.hmrc.gov.uk/ir35/ Wikipedia http://en.wikipedia.org/wiki/IR35 CW Jobs http://www.cwjobs.co.uk/Contents/Cont... More from Tarpon http://www.tarpon-uk.com/information/...

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What are employee benefits? Who should be entitled to them?

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What are employee benefits? Who should be entitled to them?

http://www.tarpon-uk.com/?WT.mc_id=ON_V_YouTube 0845 643 1580 I am contracting through an Umbrella Company -- should I be entitled to employee benefits? Your Umbrella Company should provide you with an over arching employment contract, which will mean you are treated as a permanent employee. Any good employer will make sure it's employees are well looked after and able to benefit from better perks and savings. There are many ways an Umbrella Company can benefit its employees, from salary sacrifice schemes to corporate affiliations giving its employees discounts on products and services. What is a salary sacrifice? A salary sacrifice is when an employee agrees to give up part of their pay under their contract of employment. Usually, the sacrifice is made in return for some form of non-cash benefit. A salary sacrifice can come in many forms, such as: Childcare vouchers: Pensions: Give As You Earn -- charity donations Bicycles Mobile Phones Eye Tests & Glasses In addition to the salary sacrifice scheme any worthy employer will also build up corporate partnerships to further enhance the overall employee benefits package. These partnerships can be introduced as employee "perks" enabling the employee to again benefit from discounts on sales and services such as high street shop discounts, leisure break deals, restaurants and much, much more. Make sure your Umbrella Company provides you with an employment contract and an employee benefits package. I'll speak with my Umbrella Company now - Thanks a lot for the advice. References; Grass Roots http://www.grassroots.uk.com/Services/Employee_Benefits Employee benefits.co.uk http://www.employeebenefits.co.uk/ HMRC http://www.hmrc.gov.uk/employers/ebik/index.htm More information from Tarpon http://www.tarpon-uk.com/employee-benefits/tax-expertise/?WT.mc_id=ON_V_YouTube

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02:00

Key tips to securing your next contract

http://www.tarpon-uk.com/ 0845 643 1580 Info@tarpon-uk.com Key tips to securing your next contract I'm trying to find a new contract, can anyone help me? I'm sure I can help, I secured a new contract last week. The first thing I did was post my CV online. There are some excellent online job boards to choose from so find the one which is most suited to your industry. Then there are Recruitment agencies -- I've built relationships with a couple of reputable agencies and I stay in contact with them regularly. Your availability is crucial -- I knew I had to be available immediately for interviews. Flexibility is key, I even offered my service part time to start with. Don't forget your References -- My agencies have copies of updated references so they can be used immediately. Finally, there's the Interview -- I did loads of research on the role I was going for and the company that was seeing me. Remember the little things -- I dressed professionally, made eye contact, smiled, stayed calm and kept my answers relevant and to the point. Follow these tips and you won't go wrong. Good luck, I'm sure you'll find the contract you're looking for! Tags; umbrella company tarpon inland revenue paye tax advice salary calculator employee benefits contracting key tips contract

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Ask the PM: Can Labour help employees with fuel tax relief?

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Ask the PM: Can Labour help employees with fuel tax relief?

Ask the PM We all know the cost of crude oil is constantly going up and we all know that the government has no plans to reduce fuel duty. http://www.petrolprices.com/fuel-tax.... But, how about changing the statutory mileage rates for employees using their own vehicles for work? http://www.hmrc.gov.uk/mileage/employ... The allowance has stayed the same for several years now -- 40p per mile for cars - when the price of petrol has risen from an average 60.9p per litre in 1998 to currently 112.9p per litre. http://www.petrolprices.com/ We are one of many companies who have hundreds of employees working off site and as a result need to drive long distances in their own vehicles. Are there any plans to change the statutory mileage allowances to reflect the current climate? And if it can't be changed, then why not? http://www.telegraph.co.uk/opinion/ma... Official trends on fuel costs http://www.parliament.uk/commons/lib/... Official stats on fuel costs http://www.statistics.gov.uk/cci/nugg... Money saving expert http://blog.moneysavingexpert.com/200... Petrol Efficiency Experiment: An increase of 20% without increasing trip length. In the cheapest petrol article, as well as how to find and pay for petrol the cheapest way, there are top tips for driving more efficiently to cut petrol usage. I recently had the opportunity to test it for myself for the first time. On Christmas holiday in South Africa (and before you ask, yes it was a cheap flight, we hired a car (and yes it was from the cheapest car hire!) which had a digital display of fuel efficiency. Now as anything with changing numbers on it appeals to me; I decided to use the trip as an experiment (and yes I'm a nerd). Before I explain the experiment it's important you understand my normal driving style. I'm not a boy racer; I don't accelerate away from traffic lights and brake hard at the next one (the most inefficient and expensive way to drive). Fuel efficiency is something I generally take notice of, though as I drive a little Smart car it's pretty good anyway. The parameters of the experiment Thus as I already drive pretty efficiently, the aim here was to find out if by being ultra-conscious of every time I put my foot on the accelerator, I could increase my driving efficiency. So on every journey we made, I reset the 'trip average' button and measured the fuel efficiency of the journey. On one leg I would drive normally, on the other I would drive with a real focus on use of gas, remembering every time I put my foot down it used fuel. To ensure the accuracy of the experiment I varied whether it was the outbound or return journey to ensure that any height differences between destinations would be even out. The trips were a mix of urban and extra urban areas. The results were phenomenal On every trip there was a substantial difference between the number of Km per litre I got using my different driving heads. After totting it up; the average was as follows: • Normal driving method average: 11.2 kilometers per litre • Efficiency-conscious driving method: 13.4 kilometers per litre. This is a saving of £440 a year! This mightn't look a big difference until you look in terms of percentages. This is a 20% increase in efficiency. For someone who currently spends £50 a week on fuel the cost would reduce to £41.50 a saving of £440 a year! And remember, this is for a normal driver; those who like to razz their cars would spend more. The impact on my speed What surprised me most was that it had very little impact on the time taken to get there. The two main ways of doing this are when coming to a junction; rather than just braking I let the car slow down more naturally, but it didn't mean I lost track of the car in front. Also, when accelerating I did so more slowly, keeping the revs down, yet overall getting to the same speed, just using much less power. The one major difference was I had to be much more aware of the fact I'm driving, rather than putting the mental auto-pilot on as most of us do. Though again, actually for safety's sake this was good, as I was much more aware of the road and cars around me than normal. I would be fascinated to hear if anyone else has tried this; or maybe will now after reading it. ASK THE PM Gordon Brown Prime Minister Downing Street Question Number 10 rising fuel costs petrol budget cost of living

ask pm Gordon Brown prime Minister Downing street Question number 10 rising Fuel Costs Petrol budget cost living

Contractors P60 why you need to keep it safe

00:53

Contractors P60 why you need to keep it safe

http://www.tarpon-uk.com/?W... 0845 6431580 info@...

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