At Portstaff we understand that it is essential that your affairs are dealt with efficiently and effectively as possible, so we have developed a specialist accounting service package which is specifically tailored for you.

Portstaff deals with all the difficulties which contractors face in forming and operating limited companies. Systems which are in place take care of payments which need to be made on behalf of your limited company and returns which need to be submitted to the relevant statutory and taxation authorities and these include:

• Maintaining accurate records in compliance with the companies act and preparing annual statutory accounts, dealing with company annual returns
• Calculating and paying PAYE and National Insurance Contributions
• Completing annual CT600 company returns
• Preparing Corporation Tax computations
• Preparing and submitting to the Inland Revenue relevant P35/P60 employers annual returns and P9 and P11D expense returns

When you decide to use Portstaff Management Ltd. call us on (01264) 781123 and we will then allocate to you a newly formed shelf company which bears the name Portstaff (xxx) Ltd., where xxx is an identifying reference number.

Each client has their own separate personal service company and we do not operate composite or umbrella type companies.

When you come on board with Portstaff you become an employee and shareholder of the business and your agency or customer will be advised that Portstaff Management is administering your limited company. You can leave it to us to complete the necessary documentation and provide confirmation of the limited company status to the recruitment agency or the end customer.

Portstaff Management Ltd. provides a comprehensive service on a fixed fee arrangement payable only whilst you are contracting.

Standard service - applicable to all contracts:

• Contract by contract monitoring of IR35 compliance
• Calculation and reimbursement of qualifying travel expenses
• Preparation of annual statutory accounts for submission to Companies House
• Preparing corporation tax returns and computations for submission to the Inland Revenue
• VAT accounting and Returns
• Sales invoicing to your Agency
• Electronic transfer of cleared funds to your personal bank account
• Free company formation
• Preparation and submission of your personal self assessment tax return
• Advice regarding mortgage applications, life insurance and pensions
• Guaranteed fixed fees which are only charged whilst you are contracting.

Deemed self employed only agreeing reimbursement of qualifying administrative expenses, for example:

• Use of personal computers
• Use of other business equipment
• Training costs
• Postage and stationery