At Exchequer Solutions we endeavour to ensure all contractors that we work with are fully supported throughout each and every stage of their career, and all the twists and turns that their career may bring, as well as providing an invaluable service to agencies. It is our dedication to providing a high quality service that makes us one of the leading umbrella companies in the UK.
Upon meeting a contractor, we get to know them, their requirements and their goals, and following this we help our contractors to make an informed decision as to which avenue they should take. You may not know but Exchequer Solutions is actually part of a group of companies, offering a number of invaluable services to contractors and agencies alike. The group is made up of Exchequer Solutions, Exchequer Accountancy Services and Zodeq. Here we will explore each of our group’s services and the benefits they can bring to our clients.
Exchequer Solutions
We offer a number of different services to contractors and the agencies they work with, each with their own benefits:
Umbrella – On our umbrella service, contractors have the security of knowing that legally they are classed as an employee and are entitled to many of the benefits that go hand in hand with employment, including: holiday pay, claiming business expenses, claiming travel expenses (where allowable) and prompt payment.
This service is particularly popular for our agency clients as our minimum hourly rate is just £9.30. With the national living wage rise it can be a struggle for agencies to find umbrella companies to refer work when on lower rates of pay. Our minimum hourly rate is lower than the majority of umbrella companies out there, and no matter what their hourly rate, all contractors benefit from a fully compliant and professional service.
CIS – For contractors in the construction industry, CIS (construction industry scheme) is ideal for those that work in construction and are happy to be self-employed. Benefits of using our CIS scheme include:
- Competitive margins
- Public liability insurance
- Full compliance with HMRC guidelines
- Accurate payments on time
- And much more
Limited with Exchequer Accountancy
Are you a contractor wanting to set up your own limited company?
This is where Exchequer Accountancy can step in and ensure that your new business has a chartered accountancy service run by experts with significant experience in a range of industries and designed specifically to meet contractor requirements.
With a number of packages available, our team will take care of your accountancy requirements, making sure that you are compliant with all regulations, maximise your take home pay and much more.
Zodeq
Cashflow is vital to the survival of a business, and for many it can be a significant struggle to wait 30 to 90 days for payment. Zodeq is an ideal option for businesses to ensure that cashflow is positive month in month out.
Offering a number of different services that aim to improve cashflow, businesses can choose from invoice discounting, invoice finance, back office support (such as credit control) as well as bad debt protection.
These services can offer a tremendous advantage to those businesses looking to grow, as well as those that need to maintain cashflow constantly, such as recruitment agencies that must pay candidates prior to getting invoices paid by the clients themselves.
As we have shown, our group of companies provides the ideal solution for contractors and agencies alike; get in touch with Exchequer Solutions today to talk through your requirements and we can let you know the ideal service for you.
