Contract management

  • Contracting I.T. Consultants use this Management Company

    • end-clients specify that you must have your own limited company

    • Snowdon Consultants Ltd will be that company

    • You save the cost / hassle of the offshore company

  • Umbrella service for foreign contracts, invoicing etc done

    • The contract is between us and your agent

    • We trust you to do your job properly as our name is on the contract

    • You trust our reputation for prompt full payment, less our fee

  • You email us your timesheets, we invoice and await payment

    • We just need to know how many hours you worked in the month

    • Our invoices are standardised templates and quick to produce

    • Invoicing is usually done same day, certainly within 48hrs

    • All communications are by email, including confirmations of process

  • On receipt of funds, we make payment as directed by you

    • We first deduct our monthly fee as published and agreed with you

    • We also deduct our bank's charge[s] for transferring funds

    • Split payments no problem, just the extra bank charge[s] to you

  • The cost to you is only GBP100 per billing event [usually monthly]

    • Fees are usually based on the GBP equivalent at the time of billing

  • This is for a single billing event, i.e. once per month usually

    • A billing event has the following processes involved

      • Receive the hours from you, usually by email

      • Prepare and submit an invoice for those hours, by email

      • Receive payment [on-line banking for prompt checking]

      • Update the personal summary to calculate your pay

      • On-line bank transfer[s] to the bank account[s] of your choice

  • Fortnightly, weekly and 4-weekly billing cycles also possible

    • 2-weekly billing fee would be the monthly billing fee + 50%

    • Weekly billing fee would be the 2-weekly billing fee + 50%

    • 4-weekly billing as for monthly fee, but 13 periods annually

  • Tax advice is not included within the billing fees, see below

    • It can take the form of phone, fax or email queries charged on a time basis

    • No tax consultancy fee will be charged without you first making a query

    • Any query would be priced and agreed with you prior to commencement

    • Currently, any fees would be deducted from your monthly payment

Benefits

  • The Agent and/or end-Client demands for corporate status are satisfied

    • You work as before but without the hassle of a limited company

  • We hold and administrate the contract on your behalf

    • We can monitor contract end-dates and deal with renewals

    • We do not usually negotiate your rate, you know your worth best!

  • We try to minimise your exposure to any one country's taxes

    • This is subject to your nationality, ordinary residence etc

  • Tax advice, estate planning, asset protection, other tax considerations possible

    • Please email webquery@ snowdonconsultants.com.

  • Specific consultations charged at US$1,000 per hour or part pro rata

    • On-line payments are possible now

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