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The future, according to some scientists, will be exactly like the past - only far more expensive.
Want To Join Us?

15 - 03 - 2017

We're recruiting! We are currently looking for a qualified Accountant to join our friendly team in Chester.

Are you looking for a hands-on role in a Chartered Accountancy practice? Maybe you're looking to get back into Practice or want to supplement some Self Employed work with a role in a Practice environment? 

 

Foremans LLP is an innovative niche accountancy practice providing tax, accountancy, regulatory and contractual advice to Ltd Company contracting businesses and the Self Employed.  

 

We're looking for a qualified accountant to join our friendly team. Working with our Operations Accountants and Advisors, the successful candidate will review financial statements, Self Assessments and other accountancy work produced for clients. You will also be the source of technical accounting advice for the team and for completing further research on new queries and changes in the industry.

 

·         Reviewing accounts produced for Ltd Company Clients

·         Completing and/or reviewing Self Assessment Tax Returns

·         Checking mortgage references and accountant's references

·         Completing Partnership Returns

·         Completing sole trader accounts and returns

·         Completing accounts for Ltd company clients

·         Providing technical accountancy advice to our in-house Accountants and Client Advisors who look after the day-to-day accountancy for our Ltd company clients.

·         Producing technical notes and Advice Notes for clients and colleagues clients

·         Producing illustrative calculations for current and potential clients who are considering using Foremans to support their Ltd Company.

·         Investigating new or complex technical issues in order to assist with future planning and development of our services and advice to clients

 

 Ideally you will have a relevant qualification and have a background or experience in Practice. Someone with experience of working with Ltd company contractors and Sole Trader accounts would be ideal. This is a hands-on rather than managerial role, so it would if you enjoy getting stuck in this is the position for you!

 

The position is fixed term to cover Maternity leave for a period of up to 12 months (depending on your availability). The hours can be flexible to suit your needs, subject to a minimum of 2 days (16 hours) per week. If you would prefer full time hours we can consider this too.

 

A Job Description is available on request.

 

If you think this role might suit you, why not ask for further details on 01244  625 500 or by Jennifer.warner@foremansllp.com?

 

We look forward to hearing from you!



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Instant Information

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WEEKLY INCOME INFORMATION

Number Of Weeks
Tax Code
Primary Hours
Primary Rate In £
Secondary Hours
Secondary Rate In £
Other Hours
Other Rate In £
Weekly Bonus In £
Total Anticipated
Income For A Week
-
Anticipated Annual
Pre Tax Income
-
NORMAL WEEKLY EXPENSES
Miles Per Week
Other Expenses Per Week
Annual Mileage
-
Mileage Expenses
-
Total Annual Expenses
-
FLAT RATE VAT

Choose the Industry Sector that you work in. Use the drop down menu in the usual way.

The VAT Flat Rate Applied -

WARNINGS

-

 

Get Alerts. The law changes!

RESULTS TABLES

COMPARISON TABLE FOR NET INCOME

BUSINESS STRUCTURE
CORPORATE
SOLE TRADERS
UMBRELLA
AGENCY
Post Tax Weekly Pay
-
-
-
-
Avarage Hourly Take Home Pay
-
-
-
-
Annual Take Home Pay
-
-
-
-
Plus Taxed Holiday Pay Fund Less Higher Rate Dividend Tax
-
-
-
-
Annual Take Home Pay
-
-
-
-

RELATIVE INCOME BY STRUCTURE

BUSINESS STRUCTURE
CORPORATE
SOLE TRADERS
UMBRELLA
AGENCY
Measured against PSC
Measured against PSC
Measured against PSC
Worse off
Weekly by :-
-
-
-
-
Worse Off
Annually by :-
-
-
-
-
Measured against AGENCY
Measured against AGENCY
Measured against AGENCY
Worse off
Weekly by :-
-
-
-
-
Worse Off
Annually by :-
-
-
-
-

Fixed Data

PAYE

Tax Code L between 0 and 999.
0
Tax Rate
Personal Allowance
£11500.00
0.00%
Lower
£0.00
0.00%
Basic up to
£33500.00
20.00%
Higher above
£33501.00
40.00%

Statutory rates

National Minimum Wage
£7.50
Holiday Pay
10.77%
Mileage Rates
Per Mile
Up to 10,000 miles
£0.45
10,000 miles
£0.25

CIS

Rate
Percentage
Gross
0.00%
Standard
20.00%
Higher
30.00%

Corporation tax

Small Company Tax Rate
19.00%

National insurance

Primary Threshold
£8164.00
Secondary Threshold
£8164.00
Employers NI between PT and UEL
13.80%
Employees NI above UEL
12.00%
Employees NI
2.00%
Class 4 NI between LPL and UPL
9.00%
Class 4 NI above UPL
2.00%
Class 2 NI
£2.85
Annual LEL
£5880.00
Annual UEL / class 4 upper profits
£45000.00
Class 4 Annual lower profits limit
£8164.00
Weekly PT
£157.00
Weekly LEL
£113.00
Weekly UEL
£866.00

UMBRELLA COMPANY

Holiday pay accrual
 
Is Holiday Pay being accrued?
Yes

AGENCY INFORMATION

Agency Uplift Applied
10.00%

Assumptions



General                                                                                                                              

  • The user is over 21 and subject to tax in the UK
  • The user wishes to minimise their tax liability
  • The user is subject to national insurance i.e.he/she is not over retirement age
  • Only current tax rates and limits are applied
  • No tax mitigation payments are made e.g. pension contributions
  • Only 3 digit letter 'L' tax codes shown in the drop down list can be entered 
  • The user does not have a turnover greater than £100,000 where fewer reliefs and or higher taxes may apply

Expenses

  • All miles claimed as expenses are for business use using a personally owned car or van
  • All other expenses claimed are wholly, necessarily and where appropriate exclusively for the benefit of the business

Foremans LLP Charges

  • Foremans fees associated with Limited Company, Sole Trader or Umbrella are as per published rates
  • Foremans current Service Costs are allowed for in all calculations.

Holiday Pay

  • Holiday pay is accumulated week by week by Umbrella or Agency employer but paid out during the year

VAT

  • Limited Company or Sole Trader will be VAT registered
  • Limited Company or Sole Trader will take advantage of Flat rate VAT
  • Flat rate applied includes the benefit of the additional 1% applicable to the first year of VAT registration

Limited Company Conditions

  • One director / one shareholder in a Personal Service Company
  • Director of Personal Service Company elects to vote for 100% dividend after salary, costs and expenses
  • Director's salary is maximum salary to the primary threshold for NI
  • The Limited Company is trading normally i.e it is not subject to IR35 and is not a Managed Service Company

NOTES

  • The Current tax rates are taken from the Fixed Data Table
  • The current Value Added Tax Rate is 20% and is applied to all invoices and expenses as appropriate
  • The Director's Salary is fixed in relation to National Insurance thresholds. Higher Rate Taxpayers should consider the advantages and disadvantages of a larger annual salary or bonus
  • Higher Rate Taxpayers may wish to consider the advantages and disadvantages of shared ownership of their business
  • Users with a tax code other than three digits and letter "L" may telephone or email our Development Department to request a detailed calculation
  • Generally the use of an Umbrella rather than an Agency payroll is only efficient if sufficient weekly expenses are allowable and claimed
  • The expenses claimed under an Umbrella should not prevent the proper operation of National Minimum Wage
“Outstanding and clever tax calculator. I cannot believe this is actually free. We are an umbrella company and we use this calculator all the time”
Dave Wilde, Foremans (UK) Limited
Foremans LLP
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01244 625 500