Welcome to Contractor Services

At Heat Recruitment we aim to provide Contract Staff in an easy, efficient and professional manner.

 

Contractors work can be beneficial as it provides flexible employment between permanent positions or as an ongoing assignment; short or long term projects.

 

We operate an online timesheet system iTemps that is simple and user-friendly. It is a replacement for traditional paper timesheets.

 

A Limited Company

A limited company is a business structure that offers you, the shareholders and the directors of the company many benefits. Your personal liability is limited, as your personal finances are separated from the company’s finances, therefore you are protected if anything happens to the company.

WHAT ARE THE ADVANTAGES?

  • You can run your own business and have complete control over your finances.
  • It’s a tax efficient way of running a business as well as drawing out earnings in your personal capacity.
  • You can claim back on a wider range of expenses than if you are using an umbrella company.Great opportunity for tax planning.Portrays a professional image and, therefore, provides a reassuring image for clients and customers – giving your business that added legitimacy.

An Umbrella Payroll Company

A limited company is a business structure that offers you, the shareholders and the directors of the company many benefits. Your personal liability is limited, as your personal finances are separated from the company’s finances and, therefore, you are protected if anything happens to the company.

WHAT ARE THE ADVANTAGES?

  • Less administration as the umbrella company does this for you PAYE and NI is calculated for you and deducted before receiving your salary, therefore you won’t be responsible for actually paying the taxes (the umbrella company does this for you).
  • You receive the same benefits as someone permanently employed, it’s easy as all you have to do is submit time sheets and wait to be paid.
  • You also only pay for the service when your umbrella company processes payments
  • No initial set-up or fees to close down like the limited company, just a simple registration process with the umbrella company is required.

Further information on Intermediaries Legislations is available from HMRC –

https://www.gov.uk/government/publications/employment-intermediaries-reporting-requirements/what-this-means-for-a-worker

 

Further information on Intermediaries Legislations is available from HMRC –

https://www.gov.uk/government/publications/employment-intermediaries-reporting-requirements/what-this-means-for-a-worker

 

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