Maddison Solo for Self Employed non Construction Professionals

Worried about the responsibility of running your own company but still attracted by the benefits that working for yourself can bring?

Have you considered being Self Employed? Self Employment is not as complicated as you think!

By working through Maddison Solo you can still gain the benefits of independent working and the potential tax benefits that can bring but we will also work with you to make the process easy to understand and simpler to administer. So why not Let Maddison Solo take the strain and help put you back in control!

Maddison Group believes in helping all types of workers to achieve more out of their income and this is why we delighted to increase our product range to offer workers the option to contract under our Self Employed solution – ‘Maddison Solo’.

If you are, or wish to be, self employed and you are not working in the Construction Industry Maddison Solo may be the answer!

You achieve all the financial benefits of being self-employed, such as lower NI contributions, and the ability to offset allowable expenses against your tax liability on your Self Assessment tax return, with the added advantage of being able to take on work assignments with multiple companies without the complications of P45’s and employment contracts.

If you want to get more out of your working life, choose Maddison Solo…

Without any expenses: Hold all the savings to year end! - note: at the end of the year when you submit your self assessment, with full annual expenses, you should be eligible to receive a lump sum tax reduction.

PAYE Rate Per Hour (Including Holiday Pay)	Hours Worked	PAYE Gross Pay	PAYE Net	Maddison Solo	Weekly Expenses	Weekly Increase
£7.00	40	£280.00	£235.94	£239.68	£0.00	£3.74
£8.00	40	£320.00	£263.14	£268.01	£0.00	£4.87
£9.00	40	£360.00	£290.34	£296.34	£0.00	£6.00

Processing £40 of expenses per week!

PAYE Rate Per Hour (Including Holiday Pay)	Hours Worked	PAYE Gross Pay	PAYE Net	Maddison Solo	Weekly Expenses	Weekly Increase
£7.00	40	£280.00	£235.94	£251.28	£40.00	£15.34
£8.00	40	£320.00	£263.14	£279.61	£40.00	£16.47
£9.00	40	£360.00	£290.34	£307.94	£40.00	£17.60

Processing £80 of expenses per week!

PAYE Rate Per Hour (Including Holiday Pay)	Hours Worked	PAYE Gross Pay	PAYE Net	Maddison Solo	Weekly Expenses	Weekly Increase
£7.00	40	£280.00	£235.94	£262.88	£80.00	£26.94
£8.00	40	£320.00	£263.14	£291.21	£80.00	£28.07
£9.00	40	£360.00	£290.34	£319.54	£80.00	£29.20

Our registration process is easy.

1. Complete the application form (download here)
2. Provide details of your identity.
3. Prove your eligibility to work in the UK.
4. Provide details of your client.

At this stage you don’t even have to prove your Self Employed status. You have 3 months from the date of commencement to advise HMRC of your decision to work as a Self Employed worker – there is a procedure for this so please click here to read our “Registering as Self Employed Guide”.

Upon registration you will be assigned your own dedicated account manager who will confirm your registration, explain the contractual terms and confirm that you are happy with them.

Our support team will handle all of your contract administration and invoicing needs.

We aim to make it as straightforward as possible for you and above all, ensure you get more with Maddison Group…

For an additional £3 per week we can provide a comprehensive Personal Accident Benefit.

As you will be contracted to Maddison Group as a self employed sub-contractor we will set up contracts with agencies or companies.

We will pay money due to you for your services (after deduction of our fees and any other agreed deductions) into your bank or building society account.

There is no need to submit an invoice to us for the work you have done – your clients will provide those details and we will administer the invoicing process for you.

Our weekly processing service charge is simply a 5% fee( including VAT) against the pre VAT invoiced value. This fee is payable for every invoice and payment cycle made on your behalf. The great news is that this fee is inclusive of basic Public Liability Insurance – to cover you on any work you conduct through our process.

As Self Employed we know how hard it can be to put aside your tax due. As part of our service we will estimate your annual tax liability and apply a Contract Retention against your invoice which will be repayable to you in 2 instalment’s after the year end coincide with the tax payments due. Obviously this is only an estimated process so your liability may be higher or lower than the retention sum. As self employed we do have to advise that tax is your personal responsibility. In most cases however the retention is expected to exceed the tax due and you will probably gain a further sum of money – just like a tax rebate! You can, subject to a 5% service charge, request the Retention earlier however we do not advise this as the tax liability will still be there and still be your responsibility when its due.

For any assignments for which you are paid through Maddison Solo you will be responsible for filing an annual tax return with HMRC at the end of the tax year.

You are also personally responsible for paying any tax due once HMRC has processed your return

For a modest fee we can arrange for one of our 3rd party suppliers to complete your tax return for you.