Overlooking compliance could seriously harm recruiting companies

(2 minutes to read)

Global Talent Acquisition Day (GTAD) is a worldwide day to celebrate recruiters, hiring managers, and anyone operating in the talent acquisition sector.

Recruiters doing business abroad are being urged to put tax and compliance at the top of their priority list.

This advice comes from 6CATS International, in light of the second annual Global Talent Acquisition Day (GTAD).

According to latest data, the industry is currently flourishing, valued at £35.7 billion in the UK alone, with the international contractor market an especially lucrative arena.

At the same time, 6CATS International says the complexity of global compliance has increased, with the Common Reporting Standard and other initiatives making tax systems highly complicated.

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Michelle Reilly, CEO of 6CATS and Founder of 6CATSPRO explained, ‘’Talent acquisition professionals provide the public and businesses with a highly important and instrumental service. It’s great to be able to celebrate the value they bring to the commercial world.

“Therefore, we want to offer agencies the best advice possible, and by making sure companies don’t overlook tax compliance, we can do just that. Unfortunately, the non-compliant actions of anyone associated with a firm, including contractors, could lead to heavy punishment.

“By ensuring that they have adequate procedures in place to prevent non-compliance, and act as a legal defence to any potential challenges, recruitment firms can carry on thriving and making a difference, wherever they choose to do business.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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