Contract Engagement
From umbrella company and limited company services, find a compliant method of engagement that is right for you and your circumstances.
IR35 for Organisations
We have developed an IR35 solution to help manage and mitigate the risk associated with the reforms. We are known for our work with clients to build recruitment, search and selection and talent management solutions that tackle specific challenges they may have, and our tool is an extension of that commitment to our clients.
Upon completion of using the tool, with the support of a dedicated consultant within the team, you will immediately receive a determination report that will highlight whether you, or contractors in your team are classified in or outside of the IR35 regulations, with feedback highlighting any areas of concern.Benefits of our solution are:
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Audit of all off-payroll interactions
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Contract & Contractor management
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Indemnity backed status determination
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Insurance provisions
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Contractor Payment
We know how critical your next contract hire is, and we are committed to working closely with you to ensure that each role is profiled and filled successfully.
IR35 for Engineers
Introduced in 2000, IR35 is a piece of legislation which has been designed to handle “disguised employees”, or contractors who are benefiting from corporate structure rather than being taxed like regular employees. As a result of legislative changes introduced by HMRC from April 2017, for contractors working wholly within the public sector, the client or agency will determine your IR35 status. This essentially means that the decision is taken out of contractors’ hands.
Contractors can operate under a variety of payment structures. Which one is most appropriate depend on the length and nature of your contract, as well as your preferred level of management and will affect your tax liability.
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Limited Company
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Umbrella Company
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PAYE
For advise on IR35 and methods of engagement please speak to you your Water by Murray contact or one of our compliant providers.
Umbrella Companies
An umbrella PAYE solution allows you to stop worrying about managing your finances or keeping an eye on modern tax legislation changes. We provide you with all the support you need to give you peace of mind and make your life significantly easier.
This solution is the least complex way for contractors to be paid, as unlike managing contracting work yourself, we directly employ contractors carrying out short-term contract assignments and make the associated Pay As You Earn (PAYE) and National Insurance contributions on your behalf, guaranteeing you receive no unexpected tax bills.Whether you’re operating on a role deemed inside IR35 or you simply don’t want the hassle of having to independent manage your own tax affairs through working as self-employed or via your own Limited Company then this is the solution for you.
Limited Companies
A limited company is the most effective form of self-employment, in an Outside IR35 scenario, and offers you and your business a sense of credibility. Operating via a limited company provides a greater degree of tax efficiency and allows contractors to maximise their take-home pay.
One of the main benefits of operating this way is the financial protection provided as you won’t personally be liable for any losses your company makes and you are only responsible for the money you have invested. Forming a limited company is a simple process and is something our trusted partners and suppliers can support you with.
IR35
The IR35 rules apply only to a “relevant engagement”, or a contract in which the individual contractor is providing their services via a limited company to a client and, without that intermediary company, their income would have been treated like that received by a standard employee.The IR35 legislation intends that all of the money paid to the intermediary for their relevant engagement (apart from a number of specified deductions) should be subject to class 1 National Insurance contributions and Schedule E income tax, excluding many business-related expenses and dividend payments.
As a result of legislative changes introduced by HMRC from April 2017, for contractors working wholly within the public sector, the client or agency will determine your IR35 status. This essentially means that the decision is taken out of contractors’ hands.
CIS
CIS solution is designed for self-employed sole traders operating under the CIS scheme. To ensure necessary compliance requirements are met with regards to self-employment legislation the umbrella company, such as IConsult, will conduct a thorough Supervision, Direction and Control (SDC) assessment for you based on your assignment so Murray have confidence that all income is subject to the correct tax regime. We can help contractors to register for the CIS scheme with HMRC, process gross payments and ensure that the correct deductions are being made at source based on your individual UTR status.
If you meet the requirements of the roles set out under the CIS scheme by HMRC and are eligible to work down this route on your assignment with the end-hirer then this is the solution for you enabling you to increase your NET income retention.
Statement of Work
A statement of work is a document and binding agreement that describes the terms and conditions for the execution of a projects scope of work. Here is an overview of the steps to consider and follow within an SoW:
- Create an introduction and project brief for the work
- Define the purpose of the project
- Define the project scope
- Create a structure to identify tasks, milestones and deliverables
- Define project requirements and acceptance criteria
- Define payment terms and conditions
Securing quality jobs for quality contractors.
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Frequently asked questions
Typically, you will need to process your hours/expenses on our timesheet portal (mobile app available, see below) and your submitted timesheet will be approved by your line manager.
The client may also request that you submit your hours on their own internal portal. If you’re working through an umbrella provider they will likely ask you to submit your approved hours for the week ending period to them via email in order to raise an invoice for payment on your behalf.
We have invested in developing an effective solution for determining the scope of IR35 and whether a role/assignment sits in or outside of this. Our services cover both client and contractor side, providing a one stop wrap around product that includes the necessary IT, banking and insurance infrastructure to manage, maintain and meet the necessary reporting requirements. Click to learn more about our IR35 solutions.
We leave the engagement advice to our trusted umbrella partners. Their teams have the expertise to talk through solutions and your situation, advising on the best route to take. See below for our trusted partners.
We leave the engagement advice to our trusted umbrella partners. Their teams have the expertise to talk through solutions and your situation, advising on the best route to take. See below for our trusted partners.
Payment terms will be agreed with your Murray contact.
If you have problems post start date, we encourage contractors to reach out to their umbrella provider in the first instance, before contacting the Murray finance team, as they will be best placed to support you.
Every site has different requirements and this also varies from client to client, we will always advise what is needed upon application.
We often have roles that aren’t publicly advertised, at our client's request. As such, it is always best to submit a copy of your CV to us or call/email a member of our engineering recruitment team.
Simply head over to our job search where you will be able to submit a copy of your CV to our team. You can also reach them via our contact us page.
Cover letters are arguably the most frustrating and arduous part of a job application. Not every hiring manager or recruiter will ask for one, but if they do, it is because they are looking for more information about you and why you want the job than your CV provides on its own. If you have been avoiding writing a cover letter, we can help you. Here are some tips you should follow to help your application stand out
The structure of your cover letter could be the difference between securing an interview or being put straight into the rejection pile. If it’s unorganised, not only is this unprofessional, but the employer could make the assumption that you are unorganised yourself. A cover letter shouldn’t drag out, make sure you keep it concise, outlining the key information. It should be less than half a page. Your cover letter needs to be formatted along the lines of your CV.
If we haven't answered your question, please get in touch, info@murraymcintosh. We will be happy to help.
Trusted Umbrella Providers
At Water by Murray, we acknowledge the pressure our contractors are under to deliver and the busy schedules they maintain. Managing a compliant engagement on top of this can be a challenge, but to the clients we serve this is of paramount importance.
As such, we work proactively with a range of trusted and FCSA accredited providers to support our contractors. Each of our trusted providers will to deliver an excellent service, with security and compliance as a top priority. To get the best information and appropriate solution for your personal situation, please do not hesitate to contact them.
Discover what IR35 means for for organisations and job seekers
Click below to visit our IR35 page which outlines how Water by Murray have invested to support both clients and candidates with the legislation.
Log your hours and expenses on the go, with our timesheet portal app!
Whether you’re on site or going about your day-to-day errands, the timesheet app makes it super easy to submit hours worked and expenses incurred. For approvers, simply login in, review and approve timesheets at the click of a button.
