Whether you're already in the middle of a contract, or on the look-out for your next opportunity, we'll be happy to work with you to find exactly the right solution for you and your circumstances.
Accountancy & Tax Returns We can offer a full range of accountancy, tax and financial advice along with a tax return service through our sister company SWC Management Services. PayNet & International PayNet Services PayNet Service. CPM People offers a solution (employee payroll service) to enable those consultants working in the UK to join our UK payroll and ensure full appropriate and proper treatment of their income, including correct deductions of tax and all mandatory social premiums on a weekly or monthly basis. International PayNet Service. Similarly CPM People run a once-weekly payroll run (Fridays) for each of the countries in which we operate. Our International PayNet Service ensures that all tax in the specific country of work is included and that all mandatory deductions in that country are calculated and deducted from gross income. Our charges vary dependent upon the country and term of the consultant's assignment contract.With CPM People’s PayNet & International PayNet Services, consultants can still claim expenses; enabling them to operate in the same highly tax efficient manner as operating through their own company BUT without the administrative responsibilities and hassle. Comprehensive statements and payslips are made available to consultants to record the information fully and consultants also have the facility to access the latest information regarding date and net amount of salary payments made into their nominated bank accounts by logging into their dedicated area within the CPM People website. This service is for those who might otherwise operate through a limited company or on an agency basis.
Tax Returns We can offer tax and financial advice along with tax returns through our sister company, SWC Management Services Personal Service Company (PSC) - A personal service company (PSC) is a Limited company set up in the UK, giving you the independence to handle your own affairs. This method of working is for contract work in the UK and abroad.Forming your own company means that you will be running your own business. You will decide on the name of the company, operate the company bank account and be responsible for the affairs of the company.
Benefits
- If your contract is not caught by IR35 legislation, this can be a very tax efficient way of working.
- You have complete control of your financial affairs and company matters.
- You are running your own business so you can undertake other work outside your normal contract role.
- You can legitimately claim a wider range of expenses (training, equipment, software, etc).
- Contractor status, as you will be seen to be “representing” the company and “running a business” with its own trading name.
How Does It Work?
CPM People pay your gross salary to your Limited Company on receipt of your invoice, leaving you in charge of making your tax deductions and reports. Being paid through your own Limited company as a self-employed worker gives you the tax benefits as would be available to all entrepreneurs. You’ll have the flexibility to take your income as a combination of fees and dividends, potentially reducing the overall taxation on your income. You will also be entitled to offset any business expenses maximising cash flow and pay.
What Are The Requirements?
To operate through the CPM People TraderNet solution you will need to be the sole director of a limited company and will be responsible for all of the accounting and business administration involved in running the company.
What Are The Benefits?
- A fully HMRC compliant solution
- There are no hidden monthly, start-up or closing costs
- Personal account managers
- Increased take home salary
- No IR35 issues