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Time-Cost-Quality
Time
Cost
Quality

 

In effect, your agreed day rate would be reduced significantly with the full amount being subject to employer and employee taxes. Your VAT liability isn’t impacted, and your Corporation TAX becomes much less (likely 0) as what you get is yours as an individual.

 

All expenses, such as travel, subsistence, overnight stays if you’re working away from home, which would have been a company expense, now become your own personal expense. This reduces your market as you are no longer able to travel longer distances to clients. In effect, it would reduce your market to around 1.5hr travel radius. – No flexibility

 

Holidays and sick pay are also a key concern. No Work = No Pay. – Not an employee

 

Pensions are not offered as part of these types of contracts, as the intermediary may opt to defer the pension at the beginning of a new contract which, by law, most employers must offer. HMRC guidelines

 

Company Insurances and expenses still have to be paid from the remaining income, which in real terms, does not belong to the company.

 

Discussions around Employee rights based on an inside IR35 contract are still in their early stages but again, ContractorCalculator.co.uk explain the possibilities and pitfalls very well.

 

Now to my point. I’m putting my money where my mouth is.

 

At a time when every penny counts more than ever, Laurel Icon Ltd would like to offer its new service to those businesses who are considering whether or not it’s feasible to embark on a new project, or are part way through projects where there might not be the need to have a full time PM. The other key factor is that the role has already been classed as inside IR35.  

 

Remember, a single PM can run many projects at once as the required time to manage a project is much less than those working on it, and these projects don’t have to be for a single client.

 

For many years, the project management community has been providing key services to companies to help deliver projects and programmes based on TIME-COST-QUALITY.

 

TIME – We review the number of days of project management required for your project(s) every 3 months


COST – Your standard 5 days a week contract could reduce to 2, 3 or 4 days based on the complexity of the project or programme

 

QUALITY – We provide seasoned, well experienced PMs to help deliver your projects

 

Laurel Icon Ltd will provide the PMs on a temp basis for each 3-month contract and will employee them, with the appropriate employment rights, for the term of each contract.

 

For more information please send your details to This email address is being protected from spambots. You need JavaScript enabled to view it.