Originally posted by cojak
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Procorre consulting
Collapse
This topic is closed.
X
X
Collapse
Topic is closed
-
merely at clientco for the entertainment -
Dear all
Just to clarify - Procorre’s role is a consultancy supplying consultants to projects.
How a consultant is paid is an administrative function based on the work they will be doing, where it is, who they are working for and how they will be paying for the consultant’s services.
Each consultant who works with us has an individual, appropriate and legal payment process in place which will be discussed with them in light of the above circumstances.
Speculation relating to one person or another’s situation without the full facts around this will be neither accurate, relevant or indeed appropriate.
Thanks for taking the time to read this.Comment
-
Originally posted by Procorre View PostDear all
Just to clarify - Procorre’s role is a consultancy supplying consultants to projects.
How a consultant is paid is an administrative function based on the work they will be doing, where it is, who they are working for and how they will be paying for the consultant’s services.
Each consultant who works with us has an individual, appropriate and legal payment process in place which will be discussed with them in light of the above circumstances.
Speculation relating to one person or another’s situation without the full facts around this will be neither accurate, relevant or indeed appropriate.
Thanks for taking the time to read this.Comment
-
Originally posted by LisaContractorUmbrella View PostI think you have managed to address precisely none of the concerns raised in this thread. What 'appropriate and legal payment processes' do you use?merely at clientco for the entertainmentComment
-
There are several 100% HMRC compliant 100% legit UK Based Umbrella Accountants who comply with all current UK tax laws onshore = 82-84% take home salary.
When I asked Procorre a few months ago they were deliberately vague & refused to disclose anymore info to me until I signed up with them so draw your own conclusions from that!Last edited by administrator; 10 May 2016, 11:14.Comment
-
Originally posted by uk contractor View PostThere are several 100% HMRC compliant 100% legit UK Based Umbrella Accountants who comply with all current UK tax laws onshore = 82-84% take home salary.
When I asked Procorre a few months ago they were deliberately vague on how "onshore" they are & refused to disclose anymore info to me until I signed up with them so draw your own conclusions from that!Comment
-
Originally posted by LisaContractorUmbrella View PostNo there aren't
So a properly set up limited company can (if you are married, and not on a £600+ daily rate) provide a very decent return even when you are very conservative with your expense policy.
You are right that a fully legal UK umbrella cannot but a legal UK company could....merely at clientco for the entertainmentComment
-
Originally posted by eek View PostAs a limited company it may just about be doable. I think if I include expenses as part of my take home pay (which makes sense if you compare them to a permanent job, and it allows me to do the figures without looking at my accounts) I paid 17% in corporation tax last year so took home 83%.. That could have been a percentage or 3 higher if I put more in my pension...
So a properly set up limited company can (if you are married, and not on a £600+ daily rate) provide a very decent return even when you are very conservative with your expense policy.
You are right that a fully legal UK umbrella cannot but a legal UK company could....Comment
-
Some extracts from a BS Email they sent me:
The Procorre philosophy is to look after you by offering you something extra: better personal and professional opportunities. As part of Procorre you gain the benefits that come with membership of a global consultancy, but you also retain all of the freedoms that you are used to.
Your own contribution to Procorre’s growth, taking on new projects and introducing exceptional consultants to Procorre benefits, will also help you to acquire additional income and asset value. At the same time you will develop your entitlement to many benefits – these include group BUPA cover, wealth management support, mortgage services, pensions and a range of insurance products to protect you and your family. The Project Income Guarantee is an industry first, which protects your income from a project and your agent’s margin – helping you to stand out as a desirable candidate for new roles.
· Your Project Income is your Net Take-Home from your consultancy work.
· Profit share 1 becomes available at the end of your first year and increases every year.
· Profit share 2 is indexed to your level of introductions to the organisation and the residual income realised from that network of introductions.
· Your Business Expense allowance becomes available as you commence billing with the organisation.
· Your Asset value is the value attached to your activities within the organisation, much like an equity share.Comment
-
Originally posted by LisaContractorUmbrella View PostNo there aren'tComment
Topic is closed
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment