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CPM Contracting - are they legitimate?Business Community Home > Finance and Tax Forum > Payroll and PAYE Forum |
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| Original Message Added : 15 May 2012 - (Edited : 15 May 2012) Hi I have had a word with my accountant and he has advised against dealing with this company, so make your own judgement if you are contacted. I have informed them i do not wish to do business with them.
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| Reply : 20 May 2012 - (Edited : 20 May 2012) they are on the web http://www.cpmcontracting.co.uk/faqs/ it would appear they have set themselves up as tax and contract advisers manly aimed at the construction industry targeting company's to manage those subcontractors who have a CIS Status I guess they would just ask / encourage your employees to become self employed subcontractors anyone taking this option would have to pay there own NIC, and register with HMRC as a subcontractor and apply for a cis card that would of course save you having to pay employers contributions, but i would have thought outside of the construction industry most businesses would not really be eligible if they try to exploit the system which has been set up mainly for the construction industry, Doormen security companies Etc who employ a large part of self employed labour and tradesmen Working on multiple and temporary sites I don't think they are doing anything wrong if they are just trying to drum up new business, by cold calling.........i suppose it depends on the advise they are encouraging businesses to take..? |
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| Reply : 20 May 2012 |
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| Reply : 21 May 2012 - (Edited : 21 May 2012) QUOTE ...................................................................................................................................................................." CPM Contracting saves you money and gives you greater flexibility by engaging your workforce on a self-employed basis. Equally important, as a CPM client, your tax and employment risks vanish. We rovides a broad range of professional services, supporting an organisation’s customer facing and back office processes. Many of these services below can support clients across our nine markets, with some specialist services developed to service clients in niche market segments. " ..................................................................................................................................................................... would it really save you cash..? the time you pay there fee of 5% and vat on top of 20% making a total of 25% above your current wages bill would that 25% be cheaper than paying employers contributions ? ....... i don't know |
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| Reply : 28 May 2012 |
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| Reply : 30 May 2012 |
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| Reply : 31 May 2012 there could be other complications to this i think as your staff would in theory would be employed by them as subcontractors they could i suppose send them to work as temp staff for other company's i don't think i would risk that i can see where they come from and the possible benefits to you, but it could be opening a big can of worms why not invite them to free index to explain how it all works ......an old saying springs to mind " there ain't no such thing as a free lunch"......  |
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