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Accounting and Payroll Services for Micro Companies - Call us on 01908 566128
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				Welcome to SumIT (UK) Ltd We provide Accounting and Business Support for small businesses and single/dual person Companies (micro companies) , such as those used by freelancers and Consultants. We do not just advise you on what actually needs to be done, we actually do the work for you. That is we do the administrative work necessary to run a successful company. We do this work for a fixed monthly fee and we give you a written contract which fully describes the service we provide you.
	IR35/Sec 660 Advice
				Business Made Easy We provide you with our service by internet, phone or in person. We do your book keeping, your VAT Returns, your Corporation Tax, your IR35 Calculations if required, your Invoicing, your Daily Bank Account Management with Fund Sweeping and handle your PAYE. We can perform Company Formations for you and plain annoy you when there are important decisions or actions that you may need to perform in person.
	2009 Budget News
	Taxwriter Bespoke Tax Writing			Setting up your company - Limited, Umbrella or PAYE? Historically, the majority of freelance consultants worked through their own Limited Companies. The tax advantages of working this way far outweighed any other method. With the introduction of IR35 some the tax advantages have been removed depending on whether you fall within the IR35 "rules" or not. As a general rule, if you fall outside the IR35 rules then you will be most likely better off using a Limited Company. Beware of Umbrella Companies, this is simply an arrangement where you become an employee of another organisation, it may look attractive in the short term but usually has numerous hidden catches.

	Legal Music			Finding Contract Work - Agencies and the Internet If you are a contractor, there are several key ways to find your first contract role. The majority of IT contractors use Internet sites (see our links) to find vacancies posted by recruitment agencies. Some contractors may choose to work direct for clients, rather than via agencies.

				Your First Contract Once you have secured your first contract role, agreed a rate and a start date, a contract needs to be signed between your own trading Company and the Recruitment Agency (or between your own trading Company and the Client if you are going direct).

				Money Matters! To put it simply... If you are working through a Limited Company, you will pay yourself a monthly salary (many take a small salary). Those within IR35 will pay themselves a 'deemed salary'. If you are using SumIT you instruct us how you want paid and where you want the money paid to. We will advise you on IR35 issues as and when necessary

				Money Matters - Expenses, Pensions A wide variety of expenses can be legitimately claimed against your limited company, saving tax in the process.

				Money Matters - Corporation and Value Added Tax Corporation Tax will payable by your limited company. SumIT will calculate your Corporation Tax annually, and chase you when you need to make decisions. Limited companies expecting to turnover more than 67,000 per annum (2008/2009 tax year), have to register for VAT - this means that you collect VAT on behalf of Customs & Excise on sales invoices paid by your Clients. SumIT will register your company for VAT should need to it be necessary

				Money Matters - Income Tax & National Insurance Whether you pay yourself a large salary and minimal (or no) dividends, or a small salary and large dividends, you will be liable to income tax on all money you pay yourself from your company. SumIT's normal service does not include handling your personal tax but we will do this if asked (for a fee of course).

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	IR35, Section 660 and Employment Status Advice