Being a Director of a Company means you have certain responsibilities. These responsibilities apply to you or anyone else who is a Director of your Company, or anyone who acts as Director even without formal appointment. Such responsibilities, if not carried out, can lead to penalties.

Recommendation

There is no easily accessible, exhaustive list of Directors’ duties. You should however make yourself aware of these duties, for instance by attending an appropriate course at the Institute of Directors. Of course, HFFS will always be on hand for advice on its areas of expertise.

HOW DO I SIGN UP?

Once you are comfortable that you are outside IR35 and you would like to proceed with your own Limited Company, contact us and we can have you up and running on the same day.

Firstly, we need the following documentation:

• Proof of ID – passport or driving license
• Proof of Address – utility bill from your current address
• P45

You will then need to sign a number of documents. They are:

• Contractor Payment Procedure Form
• Deed of Indemnity
• 288a – Appointment of Director
• Stock Transfer form
• 64-8 – Authorising the Agent
• CT41-g – Registering for Corporation Tax
• Verification of Identity
• FB12 – Online filing authorisation.

You can of course set-up your own business bank account. However, if you are unsure, we do have an affiliation with HSBC and can give you details of the New Business Account Manager, who will be able to help you with your account.

YOUR CONTRACT WITH HFFS

Your Company will sign a contract with HFFS for the provision of the services you choose. Call us now and we will send you a copy of our standard contract immediately, by email.

VALUE-ADDED SERVICES

HFFS has developed a strong business relationship with our partners and together, we can offer you outstanding add-on services and insurances at preferential freelancer rates

Well established insurance market leaders offer an extensive range of cover options for you and we can assist you in finding the right cover. Call us now for more details.

For other financial services, we work with friendly, professional Independent Financial Advisors, ContractorFinancials. Below is an outline of the offerings. Contact us to arrange an in-depth discussion.

• Contractor Mortgages - avoid the frustration of being rejected by lenders with an out-of-date bias against freelancers.
• Contractor Pension - the most efficient means of getting money out of your company tax-free, particularly if you are caught by IR35.
• ContractorsHIP's - if you need to instruct a HIP we can ensure that you get a Home Improvement Pack (HIP) that meets your needs, make the whole process stress free and we even have access to no sale no fee option.
• Income Protection - policies to help pay the bills if you fall ill.
• Life Cover - essential cover to repay outstanding debts if you die.
• ISAs - you can invest up to £7,000 in an ISA during this tax year.