Example
Fed up with his excessive tax bill and administrative workload, IT consultant David Leighton decided to look at the alternatives. Impressed by fees as low as 3%, David joined IFL Management mid-contract, to make the most of potential savings as quickly as possible.
The steps to join were simple with just two forms to complete on-line. All he had to then do was let his Agency know he had reassigned the contract from his own limited company to IFL Management.
As a result, IFL took immediate responsibility for the bulk of David's paperwork. He doesn't have to worry about invoicing, chasing payment, expenses reimbursement or even his VAT returns. All David now needs to do is complete a weekly timesheet.
The return he really enjoys is his extra income. With IFL's generous Inland Revenue approved expenses policy, he stands to gain an additional £7,092 per year – money that would otherwise have gone to the taxman.
David also enjoys more peace of mind. He's free of IR35 worries and has the benefits of comprehensive insurance and Trade Indemnity cover. And he is free to leave whenever his circumstances should change.
And what does IFL ask from David? The answer's just a 3% fee and a weekly timesheet and expense claim form.