• 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!

360 Oxygen LTD set-up

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    360 Oxygen LTD set-up

    Hello guys,

    i'm new to the site and would love to advice on the following. I'm looking at pros and cons of Umbrella Vs LTD and had the following info from 360 Oxygen with regards to their LTD service. Does this look ok? And where do i stand with the new legislations? (Didn't Giant close there version down?)

    360 Solo The Limited Company service brought to you by 3Sixty Group Ltd
    Enjoy the benefits of working through your own company with all the tax and accountancy support you need to ensure you are maximising you income.

    For one simple fixed fee 360 Solo gives you your own limited company, where as the sole director and only shareholder you make all the decisions and have full control over your company bank account. We provide you with all the tax advice and accountancy support you need.

    As a 360 Solo client, our industry experts will make sure that you get the best and most up to date advice possible and our success and reputation is based on a personal service of the highest quality.

    360 Solo means that you are our sole focus and your personal account manager will discuss and advise you on your options to tailor the best arrangement for your goals and circumstances.

    At 360 Solo we take care of the company formation for you, free of charge. Saving you between £30 and £150 compared to other providers.

    The following is an outline of the services we provide as part of our 360 Solo package.


    Our comprehensive fixed fee service includes:

    PERSONAL ACCOUNT MANAGER –
    • Your named personal point of contact
    • Handles all your queries and advice relating to
    o Tax
    o PAYE
    o VAT
    o Dividend vouchers
    o Self Assessment
    o IR35

    There are no hidden charges and we are happy to talk you through any queries until you are satisfied.


    IMMEDIATE COMPANY FORMATIONS – Your account manager can provide you with either
    o A completely tailored company by selecting a name of your own choice and having checked that the name is available, we will form your company within 4 hours.
    o Or choose from a selection of pre-formed companies, which will allow you to start invoicing for your services immediately.


    FREE IR35 CONTRACT ASSESMENTS – Each individual contract you work on should be assessed for its IR35 status. As part of our dedication to giving you a professional service, 360 Solo includes a facility for you to have your contracts assessed free of charge. Please contact your Personal account manager for further details.


    ACCOUNTANCY SERVICES –
    Inclusive within our fixed monthly fee we will arrange for all the following to be completed for you.
    o Profit and loss statements
    o Monthly payroll
    o Dividend vouchers
    o VAT returns
    o Personal and company returns
    o Annual company accounts.


    FREE COMPANY BANKING FOREVER – Our size and reputation have allowed us to negotiate free company banking for the lifetime of your limited company with one of the best-known high street banks.
    • Immediate account set up
    • Includes secure internet banking
    • We also set up the instruction details for your Tax & VAT payments




    FIXED FEE – 360 Solo offers you all the above for a fixed fee of only £110.00+VAT per month
    That equates to only £25.38 per week and offers a saving of thousands of pounds compared to other providers who charge up to 5% of your invoice for lesser services.


    What about when I’m not working?
    No problem, we’ve got that covered to. When you’re out of contract and not using your company we can place it into temporary dormancy for only £35 per month + VAT. Ready for your next contract


    WORRIED ABOUT THE ADMIN, DON’T BE – 360 Solo includes your own online dashboard. Using the latest advances in online company management tools you will have 24/7 access wherever you are to:

    • Upload & store all your projects & contracts
    • Raise & send invoices by email, fax or by post
    • Log your expenses (no need to send receipts to us, you maintain them)
    • Review your profit/loss balances
    • Decide your remuneration (salary or dividends)
    • Request advice from your account manager
    • View real time book keeping
    • Full document management including
    o Payslips
    o VAT returns
    o Dividend Vouchers
    o Company returns (P35’s)



    As a 360 Solo client we can also offer you


    FINANCIAL PLANNING - FREE consultation with our Independent Financial Advisers. Specialists in all industries, our IFA’s offer you a market-leading service, which will ensure peace of mind by looking at your entire financial solution. This will enable you to protect and invest for the future of your company, your family and yourself. We will prepare market reports allowing selections to be made on the basis of criteria such as cost, financial strength and tax efficiency.
    Please note: our IFA’s can work on a fee or commission basis.


    CONTRACTOR MORTGAGES & REFERRENCES - We will also guide you through the maze of contractor mortgages, regardless of how long your contract has been running and provide references to your lender.


    COMPANY INSURANCE –Many contracts require you to have a minimum level of professional indemnity (PI). We can arrange a special reduced cost cover for the Director and the Limited Company, which provides immediate protection.


    LEGAL - We are happy to recommend a legal firm of good standing. They can advise on:
    • Company law
    • Employment law,
    • Inheritance Tax
    • Conveyancing for house purchases,
    • Will writing
    • Matrimonial advice.

    Thanks

    #2

    Comment


      #3
      Simple answer to an overlong question - it costs peanuts to set up your own company that will be there forever and about £1000 a year for accounting support in running it. Why hand any part of that over to someone else? You don't need to, it adds NO value, it costs unnecessary money.

      Now go read the sticky at the top of this forum by Simon Dolan.
      Blog? What blog...?

      Comment


        #4
        Unless el-richo/Richard/Mr One Post works for 360 Oxygen, obv...


        "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
        - Voltaire/Benjamin Franklin/Anne Frank...

        Comment


          #5
          Nah, nobody's that stupid...
          Blog? What blog...?

          Comment


            #6
            Originally posted by malvolio
            it costs peanuts to set up your own company that will be there forever and about £1000 a year for accounting support in running it.
            £1000! A bit expensive. Mines only £846.

            Comment


              #7
              Actually, you'll find that Mal's accountant doesn't cost him anything (mine doesn't either...)
              "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
              - Voltaire/Benjamin Franklin/Anne Frank...

              Comment


                #8
                Originally posted by cojak
                Actually, you'll find that Mal's accountant doesn't cost him anything (mine doesn't either...)
                Elaborate

                Comment


                  #9
                  There are two answers (regularly rehearsed and republished, since most people don't grasp the logic of cost accountancy):

                  How much does your accounntant save you by prevention of erroneous returns, accuracy of data, avoidance of late returns, penalties and overpayments and similar practical measures such as knowing all the claimable allowances

                  or

                  How much time would it take a year for you to do the same thing yourself, 100% accurately, including cross-checking and keeping up with the rules, multiplied by double your hourly rate (and I'm not going into that again, just trust me on it)

                  Either sum is in excess of the accountant's fees, hence the accountant is free.
                  Blog? What blog...?

                  Comment


                    #10
                    Originally posted by malvolio
                    Either sum is in excess of the accountant's fees, hence the accountant is free.
                    As ever we weep and wilt in the spendour of your superior knowledge.

                    Comment

                    Working...
                    X