Peace of mind for Contract Workers - e-solo
Reduce Fees
e-solo is an online software solution for contract workers operating through their own limited companies, costing less than £10 per week (net of tax). This cuts the cost of most Umbrella / Accountancy Service providers by approximately 50%.
Substantially Increase Earnings
e-solo can assist the user to increase their earnings by approximately £2500 per year, regardless of whether they are “caught by IR35” or “outside of IR35”, utilising the VAT flat rate scheme (subject to eligibility).
Ensure Tax Compliance
e-solo includes a review of contract terms and working arrangements through leading tax compliance specialists Qdos Consulting Ltd. This helps the worker to clearly establish the correct employment status and to comply with the IR35 legislation.
Inclusive Insurance
For additional peace of mind, within the cost of e-solo we have included a £75,000 Tax Enquiry / Legal Expenses insurance policy, to cover unbudgeted costs in the event of an HM Revenue & Customs enquiry or dispute. This policy covers all parties in the contractual chain, the worker, the agency and the hirer and is underwritten by Axa Insurance.
Ease of Use and Support
Jargon free, quick and simple to use e-solo is designed for contract workers with no accounting experience whatsoever. In less than 10 minutes per week e-solo enables the contractor to create and e-mail PDF invoices, record expenses, calculate taxable earnings and set aside accumulated tax liabilities for online filing. The payroll software is accredited by HM Revenue & Customs. e-solo offers unlimited support on the use of the software and helps the contractor with the initial set up process to get them started.
Eliminates MSC risk for Agencies and Hirers
The use of e-solo software by independent contractors completely removes the agency and the end hirer from the risks associated with the MSC legislation making your services more attractive to potential employers.
Details provided to Agencies and Hirers
Hirers receive a "Certificate of Conformity" from Solo Accounting Ltd advising them of the workers IR35 status following the above contract review and including the outcome of the identity check for money laundering purposes and details of the contractors limited company, bank account, Accountant and tax details.
Additional Services
We can also assist with company formations and applying for business bank accounts.
Please watch the short video demonstration of the software, if you have sound enabled on your PC, to see how easy it is to use e-solo software.