SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors. We’ve been acting for contractors, freelancers and small to medium-sized businesses across the UK since 1992 and have more than 15,000 clients.
We are the only national specialist firm with offices in all major UK cities and are deemed IPSE Accredited Accountants and fully MSC compliant.
What can we do for your contractors?
Any contractor who is planning to contract for either 3 months or longer, or take home around £25k a year or more (about £100 per day) could benefit from becoming a limited company contractor.
If you think your contractor could benefit from a limited company, then please get in touch with SJD, and we can discuss the options available to them, based on their individual circumstances. This includes calculating their potential take-home pay and discussing the advantages and disadvantages of operating through a limited company.
Add SJD Accountancy to your Preferred Supplier List
As a recruiter, compliance should be at the heart of every decision you make. A Preferred Supplier List (PSL) is an effective way of protecting your business and ensuring your providers are keeping your clients safe.
Several new regulations to protect clients within the finance industry have resulted in more stringent guidelines for recruiters. This is why it’s more important than ever to ensure you’re only working with compliant companies who will keep your clients and contractors protected.
We’ve compiled a guide to help you understand why this is important for your business, what you should look for as a recruiter and how to put a list together.
Why is a Preferred Supplier List important?
Establishing and keeping your Preferred Supplier List up to date can be beneficial for a number of reasons, including:
A Preferred Supplier List allows you to protect yourself in the event of any compliance issues. By choosing and thoroughly reviewing any potential suppliers, you can protect your business and your clients more efficiently than otherwise if you left individual contractors to choose suppliers.
A properly maintained list will give you control over the companies which you refer your clients to. You can build your list around a strict set of criteria meaning that only those who adhere to these rules will be considered.
Creating your own PSL means that your clients and contractors won’t need to source their own suppliers. Not only will this give you peace of mind as there is no danger of these companies varying in their levels of compliance, but this can also prove to be effective for your company. Rather than managing multiple different suppliers, you will instead be responsible for a small number of pre-approved clients.
What to consider when putting a Preferred Suppliers List together?
Can you provide any evidence that you do not provide an MSC service?
Companies who provide Managed Service Company (MSC) services to clients may cause issues with compliance. For instance, you should check whether companies have access to clients’ bank accounts, how involved they are in managing the client’s company and whether they are shareholders or directors of the company.
Are you using accredited companies?
You should be mindful of a company’s reputation and accreditation. A potential supplier should have industry awards or accreditations from professional bodies and a good reputation.
Are your suppliers up to date with industry changes?
The industry can be fast-changing so it’s essential to only work with companies who have a comprehensive understanding of laws and legislation.
Are you working with financially stable companies?
Be wary of any companies who are unwilling to share information with you, those who are not up to date on tax payments or those with late payment penalties.
Using our wealth of industry knowledge, we have created a library of free resources to help recruiters with the process of sourcing and referring clients. Our resources include guides for further information, templates and questionnaires.
Why refer to us
More recruiters are choosing to not only provide contractor candidates with an approved list of umbrella companies but are now choosing to do the same with accountancy providers.
Referring to SJD means working with a well-established and fully compliant team of experts who are committed to doing what’s right.