Are you a contractor searching for an accountant in Ireland?

CPC Accountants delivers practical accountancy and tax advice to contractors on how to set up and work under an Umbrella company. Our services have a successful proven track record in helping professional contractors in IT, Engineering, Finance, Locum, and Pharmaceutical sectors, maximize their take home pay within a tax compliant structure. We specialise in looking after limited company contractors, whether they own their own limited company or require the services of our managed umbrella company solutions.

How does CPC accountants support contractors in Ireland?

Working with CPC you can operate as a contractor as : An Employee of our Umbrella Company Under our Employee Option you become a PAYE employee of the umbrella company for taxation purposes.

How does it work?

• We send an invoice to your agency on your behalf. 
• Your agency pays this invoice to your umbrella company. 
• On the same day as we receive these funds from your agency, we make onward payment of your salary and email your payslip.

What will it cost?

The cost is €95 per month! Or €30 per week if you prefer a weekly payment solution. These fees are tax deductible and therefore will cost you less again after you receive your tax relief. We automatically process the tax relief on these fees in each payment we make to you. As well as this:

• There are no set up costs or exit costs.
• You can also terminate our services at any time without penalty.
• There is no minimum time period that you must use our service for. 

What are the benefits?

• You will retain normal social welfare entitlements (jobseekers and illness benefit) as your PRSI is paid at Class A, the same rate as normal PAYE employees
• You will retain the PAYE tax credit
• Pro-active, expert tax advice to maximise expenses and take-home pay
• Pay As You Go – no fees payable when you are not working
• No company tax returns to worry about, bliss.

Alternatively you can operate with CPC as : A director of our Umbrella Company Under our Umbrella Director Option you become a PAYE employee of the umbrella company for taxation purposes. You will also become a Director and Shareholder of the company.

How does it work?

• We send an invoice to your agency on your behalf. 
• Your agency pays this invoice to your umbrella company. 
• When we receive these funds from your agency, we make onward payment of your salary and email your payslip. This is done a same day basis.

What will it cost?

The cost here is  just €140 per month. Or €40 per week if you prefer a weekly payment solution. These fees are tax deductible and therefore will cost you less after you receive your tax relief. We automatically process the tax relief on these fees in each payment we make to you. As well as this:

• There are no set up costs or exit costs.
• You can also terminate our services at any time without penalty.
• There is no minimum time period that you must use our service for. 

What are the implications here?

• No Employer PRSI costs – this is a tax saving of 10.75%. Your PRSI status will be Class S (4%). This is the self-employed rate. Contributions paid at Class S do not count towards the same social welfare benefits as Class A.
• Pro-active, expert tax advice to maximise expenses and take-home pay
• Pay As You Go – no fees payable when you are not working
• You are required to submit a personal income tax return for each tax year that you act as a Company Director. The preparation of your personal income tax return is included in your fee, as long as your only income is from PAYE earnings, such as the salary you earn from the umbrella company. CPC Accountants have considerable expertise in income tax returns – if you have other sources of income such as rental income, a sole trade or an inheritance, we can help you with these too! However an additional fee may apply depending on the work required to be done.

 

Why should contractors in Ireland use CPC Accountants ?

We have a simple, practical and pragmatic approach to contractors. We keep the process as efficient as possible to ensure first time contractors in Ireland and career contractors receive honest and direct advice. If you are a contractor please email caroline@charlespcrowley.com or call 023-8841899 for further information.