Simplifying Umbrella Services
and IR35 Compliance
We provide a comprehensive range of services tailored to meet the unique needs of contractors and freelancers.
Our goal is to simplify the complexities of working independently, ensuring you remain compliant with regulations while maximising your earnings and minimising administrative burdens.
- Helped 10,000+ people utilise umbrella service
1. IR35 Compliance
Navigating IR35 regulations can be challenging, but with our expert guidance, you can rest assured that your contracts and working practices are fully compliant.
We provide:
- Contract Reviews: Detailed analysis of your contracts to ensure they meet HMRC standards for IR35 compliance.
- IR35 Assessment: A thorough evaluation of your employment status, ensuring that you are correctly classified under IR35.
- Ongoing Support: Continuous advice and updates to keep you informed about any changes in IR35 legislation and how they may impact your work.
2. Payroll Management
Our payroll services are designed to take the hassle out of managing your finances. We handle everything, from calculating taxes to ensuring you get paid on time:
- PAYE Processing: We manage all Pay As You Earn (PAYE) obligations, including income tax and National Insurance contributions, ensuring compliance with HMRC requirements.
- Accurate Payments: Timely and precise payroll processing so you receive your earnings without delay.
- Pension Contributions: We handle auto-enrollment and pension contributions, ensuring compliance with UK regulations.
3. Invoicing and Administration
Let us handle the paperwork so you can focus on what you do best. Our administrative services include:
- Invoicing: We generate and send invoices on your behalf, ensuring they are accurate and compliant with VAT regulations.
- Payment Chasing: Our team follows up on unpaid invoices, ensuring you receive your money without the stress of debt collection.
- Expense Management: Assistance with tracking and claiming allowable expenses to reduce your tax liability.
4. Personalised Support
At TaxStats, we pride ourselves on offering personalised support to each of our clients:
- Dedicated Account Managers: Each client is assigned an account manager who is your main point of contact for all inquiries and support.
- Tailored Advice: Whether it’s tax planning, IR35 queries, or general business advice, our experts are here to help you make informed decisions.
- 24/7 Access to Online Portal: Manage your account, view payslips, and track expenses anytime, anywhere through our secure online portal.
Benefits of Our Services
When you choose TaxStats, you’re choosing a partner committed to your success. Here’s how our services benefit you:
- Full IR35 Compliance: We ensure your contracts and practices are compliant, reducing the risk of HMRC investigations and penalties.
- Maximised Earnings: Through careful tax planning and efficient payroll management, we help you keep more of your hard-earned money.
- Hassle-Free Administration: We take care of all the paperwork, allowing you to focus on growing your business.
- Comprehensive Protection: Our insurance packages give you peace of mind, knowing you are protected against potential risks.
- Dedicated Support: Our team is always here to help with personalised advice and solutions tailored to your needs.
How It Works
Navigating the complexities of contracting and IR35 compliance can be daunting, but at PaidWork, we’ve streamlined the process to make it as simple and efficient as possible.
Here’s how our services work.
Step 1
Signing up with TaxStats is quick and easy. Just follow these steps:
- First: Complete our sign up form and a member of our team will get in touch to guide you through the process and set you up on our systems.
Step 2
To ensure compliance and accuracy, we require detailed information about your current contracts:
- Contract Upload: Upload your contract(s) to our secure portal. We accept various formats, including PDF, Word, and scanned documents.
- Contract Review: Our compliance experts will review your contract to ensure it meets IR35 regulations and advise on any necessary adjustments.
- Approval: Once your contract is reviewed and approved, you’ll receive a confirmation from our team.
Step 3
Understanding your employment status under IR35 is crucial, and the Qdos assessment helps determine this:
- Online Assessment: You’ll be guided through a series of questions about your working practices, contract terms, and relationship with your client.
- Analysis: The Qdos assessment tool analyzes your answers to determine your IR35 status.
- Results: You’ll receive a detailed report with recommendations on how to ensure your contracts remain compliant.
Step 4
With your contracts and IR35 status confirmed, it’s time to set up your services:
- Payroll Setup: We’ll configure your payroll details, including PAYE, National Insurance, and pension contributions.
- Administrative Preferences: Set your preferences for invoicing, expense management, and payment schedules.
- Insurance Coverage: Choose the insurance packages that best suit your needs, including professional indemnity and public liability insurance.
Step 5
Once everything is set up, you can focus on your work while we handle the rest:
- Invoicing: We’ll generate and send invoices to your clients/employers based on the terms of your contracts.
- Payroll Processing: Your earnings will be processed through our payroll system, ensuring you get paid on time, every time.
- Ongoing Compliance: We’ll continue to monitor your contracts and working practices, providing ongoing support to ensure you remain IR35 compliant.
Eligibility Criteria
Our services are tailored to meet the needs of contractors and freelancers who:
- Operate in the UK: Our services are designed specifically for contractors and freelancers working within the UK.
- Require IR35 Compliance: If you’re concerned about your IR35 status, our services provide the expertise you need to ensure compliance.
- Need Payroll and Administrative Support: We offer comprehensive payroll management and administrative services to make your life easier.
- Seek Comprehensive Insurance: We provide essential insurance coverage to protect your business from potential risks.
Application Process
Getting started with TaxStats is straightforward. Here’s how you can apply:
- Sign Up: Begin by completing our sign up form. Provide your basic details, and respond/communicate with our Team when they contact you.
- Complete the Application Form: Once registered, complete our detailed application form, providing information about your contracting work and any existing contracts.
- Submit Required Documents: Upload your contracts and any other necessary documents for review.
- Get Approved: Our team will review your application and documents. Once approved, you’ll receive confirmation, and your services will be activated.
Ongoing Support
At TaxStats, we don’t just set you up and leave you to it. We offer ongoing support to ensure your continued success:
- Regular Check-Ins: Your account manager will regularly check in with you to ensure everything is running smoothly.
- Contract Renewals: We’ll help you review and renew your contracts, ensuring they remain IR35 compliant.
- 24/7 Access to Online Portal: Manage your account, view payslips, and track expenses anytime, anywhere through our secure online portal.
- Continuous Updates: Stay informed with regular updates on changes in legislation, industry news, and tips to maximise your earnings.
Why Choose TaxStats?
Getting started with TaxStats is straightforward. Here’s how you can apply:
- Expertise in IR35 Compliance: Our deep understanding of IR35 regulations ensures your contracts and practices are always compliant.
- Comprehensive Services: From payroll to insurance, we cover all aspects of contracting, making your life easier.
- Personalised Support: With a dedicated account manager and tailored services, you’ll receive the attention and support you deserve.
- Proven Track Record: Join the many contractors and freelancers across the UK who trust TaxStats to manage their administrative and compliance needs.