Additionally, the Inland Revenue has indicated that in determining whether or not a particular assignment falls inside or outside the rules it will consider:

· The specific wording and intent of the Contract
· The reality of the Contract

Should the services supplied fail the tests then all monies attributable to that particular assignment may be subject to full P.A.Y.E.

· Signing the visitor's book each day.
· Not having an employee site pass
· Not utilising an employee parking space
· Not attending employee social functions
· Not utilising the employee dining facilities
· Not getting involved in office politics
· Handing out your business card
· Providing advice on your Company's products and services
· Not working set hours or a given number of hours a week or month

The Direct Salaried Employee method deducts P.A.Y.E. and National Insurance contributions at source. Although this is undoubtedly the simplest method, individuals suffer anywhere up to a 20% shortfall in their net income in comparison to remuneration through the limited company avenue.

The Director / Shareholder method allows a proportion of remuneration to be received by means of dividends payments thereby significantly reducing National Insurance contributions. Additionally, business expenses can be offset against earnings further increasing net disposable income. However, the historical disadvantages of this method are:

· Set-up costs associated with purchasing a limited company
· Annual accountancy fees and other administrative charges
· Winding-up costs
· Legal Responsibility (e.g. V.A.T., P.A.Y.E., National Insurance, Company Statutory Requirements e.g. Annual Returns, etc.)

Adventus has developed a comprehensive structure that allows you to benefit from the financial advantages and flexibility only normally available to shareholding directors of a limited company. Furthermore, contractors can avoid the usual contractual, administrative, and legal responsibilities (there are, to date, 140 pieces of legislation regarding small- and medium-sized enterprises) associated with limited company ownership and ensures that you are protected against liability of non-compliance ("IR35 friendly") yet maximising the financial returns available as a contractor.

Your affairs, through a limited company set up and by Adventus, will be professionally administered and could improve your net income by up to 20%. As one of twenty or more Employee Shareholders, your services will be offered under a "Contract for Services" to your Agency or direct to the Client. Under your individual contract of employment you will receive a salary, the exact amount of which will be agreed between you and the Company. The Directors will issue dividends to the shareholders.

All administrative, accounting, banking, filing, compliance activity, and communications with the Inland Revenue and Customs and Excise are undertaken by Adventus and the advantages to you are:

· No start-up costs
· No winding-up costs
· No annual accountancy costs
· No annual administration fees
· No time taken up with administration
· No regulatory hassles (e.g. V.A.T., P.A.Y.E., National Insurance, Company Statutory requirements)

The Directors of the self-employed company will be responsible to the shareholders i.e. YOU !!!

Getting Started

When you decide to join us, you will be required to sign a contract of employment and purchase a share in the company. We shall then be able to provide your services to Agencies / Clients.

We shall send all the Corporate and Statutory information to your specific Agency / Client as and when necessary.

The Directors of the self-employed company, that you will be employed with, will sign all contracts and Agreements with the Agency / Client for your services. Additionally, all cheques issued for and on behalf of the self-employed company will require at least two signatures of the Board of Directors.

All you will be required to do is to send us a copy of your Client-signed timesheet and we shall then raise and submit an appropriate invoice for your services to the Agency / Client. Once we have received cleared funds as payment for your invoice we shall then immediately process your payment and arrange a transfer to your personal designated bank account.

Business Expenses

On the production of valid receipts, any business related expenses can also be reclaimed. We shall provide you with an expense claim pack detailing the typical expenses allowable by the Inland Revenue and how to claim them. Typical business expenses may include rent for office space, business-related travel, stationery, postage, and certain larger "one-off" purchases, all of which have been agreed with the Inland Revenue. For other items, we shall assist you in defining whether they are allowable or not.

Schedule of Charges

With no start-up or exit costs, our only fee is:

· GBP 50 per month for employees with annual gross earnings up to GBP 40 000 or
· 4% of each invoice raised for employees with annual gross earnings over GBP
40 000.
· Employer's National Insurance contributions
· Plus 0.22% of each invoice raised to cover Employers and Public Liability Insurance.
If you do not work, for whatever reason, you have nothing to pay.
We shall also charge a small administration fee (4% of each claim) for all expense claims that we administer.
There are no other charges, and no hidden costs !

Other Services

· Personal Offshore Bank Accounts
· Company, or Individual Pension Schemes (Offshore or Onshore)