At Holistic Recruiters, we work hard to offer contractors simple, practical and compliant umbrella solutions. We appreciate that no one size fits all, so we deliver bespoke solutions that offer real choice and first-class service.
When you join Holistic Recruiters Umbrella, you can work on numerous different assignments for agencies and end clients. The employment is permanent and ‘overarches’ any and all fixed term assignments undertaken. This provides continuity of employment for you. You will have an employment contract with us under which we help you to meet your statutory employment obligations and offer you full UK employment rights.
The Three Areas We Cover:
Umbrella Company
Working for an umbrella company means you get most of the benefits of self-employment without all of the extra hassle
Limited Company
Holistic Accountants are the obvious choice for contractors, freelancers and other small limited company owners who want to maximise their income with simple, low-cost, fixed fee accountancy solutions.
CIS
Your legally required insurances are provided (Public Liability).
Additional cover is available at a small incremental cost i.e. Personal Accident, Death in Service.
What Is An Umbrella Company?
As an umbrella company, Holistic Recruiters is an organisation that employs temporary workers and enables them to carry out a number of short-term contracts for agencies and end-clients.
For a flat weekly margin we will take care of your payroll and other administration, leaving you with more time to concentrate on the work that really matters.
Once you’ve signed up you effectively become an employee of Holistic Recruiters/ Holistic tech solutions. You will have an employment contract and benefit from all of the same employment rights as other permanent employees. You will be able to carry out multiple short-term contracts with less overall risk.
At Holistic we provide our employees with a number of important services, including:
- Collecting payments from agencies on your behalf
- Helping you claim allowable business expenses
- Processing your payslip and making sure you get paid on time
- Keeping you compliant with the latest tax regulation updates and the HMRC
- Umbrella employees can come from a broad range of sectors including:
- Construction
- Transport/logistics
- Engineering
- IT and telecoms
- Health and social care
- Education
- Legal
What Is A Limited Company?
Holistic Accountants are the obvious choice for contractors, freelancers and other small limited company owners who want to maximise their income with simple, low-cost, fixed fee accountancy solutions.
Supported by innovative cloud-based accounting technology and qualified accountants, our contractors get the best help at every stage of their limited company journey.
Whether you are just starting out in contracting, looking to incorporate after a period of self-employment, or you are unhappy with your current accountant and want to move to better firm – you can be sure that Holistic Accountants offer the right service package to meet your needs.
Our qualified accountants and technology experts are contractor accountancy specialists. They know that limited company contractors want to get on with running their business. That’s why we try to take on as much of the administrative burden as possible, and leave you to concentrate on what’s important.
You’ll be assigned a team of accounting professionals who will look after all of your financial affairs. They will regularly review your accounts, offer advice on where you can be more tax efficient and let you know about any issues or legislation changes.
If you ever have an issue with your accounts or tax, there’s no need to spend hours on hold to HMRC, your industry-leading client support team will be easy to get in touch with – We speak to the HMRC so you don’t have to.
What Tax is deducted?
Where you have a UTR number then the normal tax rate we deduct at source is 20%.
Where you don’t yet have a UTR number but can provide a National insurance Number then we deduct an emergency type rate of 30%. Any overpayment of tax will be refunded via your year-end tax return
Some subcontractors may be paid without any deduction of tax providing they apply and satisfy the HMRC requirements to do so (HMRC will confirm this to us where it is the case).
Taxation if you are a sole trader or partner in a firm
HMRC treat the CIS deductions from your invoices as up-front payments towards the tax and Class 4 National Insurance contributions (NICs) due from your business. To make sure you pay the right amount of tax for the year as a whole you’ll need to submit the appropriate Self-Assessment Tax Return for your business.
When you work out the tax payable by your business, you use the full amount of the invoice. Credit will be given against the tax due for any CIS deductions that contractors have deducted. When your allowances and expenses are taken into account you may be due a tax repayment. If you owe any additional tax it’ll be due by 31 January following the end of the tax year.
Can I Claim Tax Relief For Expenses
As self-employed you are taxed under Schedule D.
Expenses do not get processed weekly against your income but you should keep a record and all receipts (including travel) so you can include them in your self-assessment at the end of the year.
Our margin is retained before calculating you tax deduction so relief is automatically given.
Further information is available at:
What are the benefits?
Easy Contracting
We will take care of invoicing and all you will need to do is get your timesheets signed off by the client; just email them to account@holisticrecruiters.uk.
Taking Care of Your Compliance Burden
You can work safe in the knowledge we are taking care of your PAYE and NI deductions in fully compliant manner. All tax and National Insurance calculated and deducted by us before you receive your payment.
Prompt and Accurate Payment
You will be paid speedily and accurately, and there will always be someone obtainable to talk to if you have any queries or concerns.
Guaranteed full employment rights and benefits
Your full employment rights are guaranteed by Holistic Umbrella Company. Employee Benefits as if you were a permanent worker (Statutory Sick Pay, Maternity Pay, Paternity Pay and Annual Leave).
Full Insurance Cover
Full insurance cover with £10 million Employers’ Liability Insurance, £10 million Public Liability Insurance and £5 million Professional Indemnity Insurance.
One Tax Code
One tax code across multiple agency assignments. Here’s our Anti – Facilitation of tax evasion policy.
Access to Pension
You will have access to our workplace pension scheme.