123 Extra

Contract Review

Ltd Company Formation

The 123 Way

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, your ongoing HMRC & Companies House compliance will be taken care of.

The 123 Way - simple & stress-free.

Under IR35, freelancers need to have shown that they have undertaken ‘reasonable steps’ to ascertain that their status lies outside of IR35.

One way is to have a contract review performed by one of our independent tax experts. A Contract Review as opposed to a Status Assessment is a far more detailed and comprehensive look into your contract, detailing every clause and whether it will pass or fail and why.
All we require is for you to complete our Status Review Questionnaire and send us a copy of your contract and other supporting documentation.

By taking advantage of our Contract Review service, you will also receive automatic membership to Qdos Freelance Club Plus (see below).
Reviews are completed within five working days of receipt of payment and the necessary information. Upon completion we will send you a written report highlighting both the positive and negative aspects of your contract and working practices along with an opinion on your IR35 status

Qdos Freelance Club Plus Membership
Sometimes knowing where to turn to for advice on taxation, employment, or health & safety issues can be a problem and the cost of ignoring these issues can be catastrophic. Qdos understand this, which is why we have launched our Qdos Freelance Club Plus to keep you informed.

As a member of the club you will be kept up to date with changes that affect the freelancer community. This product has been purchased by hundreds of freelancers and at £40.00 plus VAT is excellent value for money. Qdos Freelance Club Plus is available free of charge to all of our customers who purchase any of our insurance products.

Qdos Freelance Club Plus includes:
* Up to three contract Status Assessments per annum
* A free IR35 Compliant Contract
* Unlimited telephone and e-mail access to our taxation, legal, employment and health & safety specialists
* Client Tracking Service
* Free review of any existing dispute with the Revenue
* Discounted consultancy rates
Please note that you must be a freelancer / contractor in order to benefit from these services.

Business Banking

Professional Insurance

Professional Indemnity

Public & Employers' Liability

Freelancer Tax Protection

Freelancer Legal Protection

Contract Review

Mortgages, Pensions & More...

Money Transfer Service

Visa Service

123 Income Illustrator

The 123 Income Illustrator shows you what you can expect to take home from a given contract.

It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to return to full time employment.

The123 Income Illustrator

Insurance packages

To make life easier, 123 Contracting have designed 3 different insurance packages for you to choose from. We have also negotiated discount rates for 123 Contracting clients.

1. Starter cover

- Professional Indemnity
- Freelancer Tax Protection
from £22.00 per month

2. Best seller cover

- Professional Indemnity
- Freelancer Tax Protection
- Contract Review
from £29.00 per month

3. Comprehensive cover

- Professional Indemnity
- Freelancer Tax Protection
- Contract Review
- Freelancer Legal Protection
- Public & Employers Liability
from £40.00 per month