Intouch Accounting have launched ‘Freeflex’ – a new service that gives contractors unlimited access to both a complete accounting service for their limited company and a fully compliant umbrella service, for a monthly fee of £125.
In the wake of IR35 legislation, Freeflex has been designed with recruitment agencies in mind. With IR35 status determined by the client rather than the contractor, and with some public sector clients issuing blanket bans on limited company contractors, it’s tempting for recruiters to push all candidates towards the ease and speed of an umbrella solution. But with contractors wanting to work in the most tax efficient way for them, and so many unregulated umbrella companies flooding the market, that’s not always the smartest move for a long and happy relationship with a contractor client base.
“The best solution from a financial point of view may also appear to be the most time-consuming and complex one, with switching between limited and an umbrella causing delays and confusion across the supply chain,” comments Duncan Strike, director at Intouch Accounting. “Freeflex is an elegant accountancy solution specifically designed for contractors that allows them to seamlessly move between using an umbrella or using their limited company or even work with both at the same time. We’re very proud to be offering this unique service that makes life easier and simpler for both our contractors and the agencies they work through.”
Intouch Accounting is a member firm regulated by the ICAEW, an accredited member of FCSA, and an approved affiliate of IPSE.