Great News – Contract Signed!
Some very exciting news this afternoon. In our 21st year in business, we have just signed our first Master Service Agreement with a global organisation. Looking forward to a busy year this year!
Project Services – World of Golf (Current)
For the last few years Laurel icon Ltd have provided IT related Project Services to World of Golf.
Since May 2021, LiL have successfully:
- planned and managed an M365 migration,
- procured new laptops for key members of staff,
- assisted with the expansion of the existing network infrastructure, and
- provided ongoing IT support.
Not only does our latest project prepare the World of Golf for the EOL of Windows 10 but it also increases their ability to stay safer against Cyber attacks.
For more information on how LiL could help you, send us a message via our Contact us page.
Alternatively, you can connect with Alan via his LinkedIn profile.
A long time ago… – In The Beginning
A long time ago, on 16th February 2001, our journey into the contracting world started. There was no big dream, no real plan. All I knew was that being in full-time employment was not where I wanted to be.
Digital Transformation – Hays Recruitment (Current)
Laurel icon Limited have spent the last 4 years assisting Hays Recruitment with various Digital Transformation Programmes and Projects. Delivering programmes such as the move to Internet only connected offices, and the delivery of some 3000 laptops to the entire UK&I estate. Continuing on from here, LiL have assisted in defining new laptop delivery and retrieval processes for the end users.
Not only have we delivered, our own skills have also improved in the use of the M365 Power Platform apps. During the life of the programmes and projects, LiL have created various tools in PowerApps to assist both the business and the implementation teams. LiL have also built dashboards in PowerBI to highlight key data during the life of the programme delivery.
Our current projects and programmes include:
- a move to Cloud infrastructure,
- Windows 11 deployment,
- and a key global regulatory change, stemming from UK Governments Audit and Corporate Governance reforms.
For more information on how LiL could help you, send us a message via our Contact us page.
Alternatively, you can connect with Alan via his LinkedIn profile.
Proposal
A New Service…
A few weeks ago, I posted some thoughts around what I believe to be an injustice to the contracting community, the introduction of contracts inside IR35. For those not aware, this is where a contracting role with a client is viewed as an employer/employee type relationship, based on some criteria a government institution has botched together in an effort to raise additional funds from an area of business which has thrived, and brought great benefits to companies and individuals alike.
The inside IR35 contract forces the contractor down the route of having all income invoiced to the client made subject to PAYE Taxes before hitting their Limited (Ltd) Company bank account, which in most cases would cover the employer taxes also. ContractorCalculator.co.uk explain this very well.
Business Model
Target for new service
- This new small scale Project Management Service will be targeted at Smaller business who don’t want the cost of a 5 days a week PM when the requirement is only 2-3 days.
- Companies who believe that their requirement for a PM falls inside IR35. Rather than go through an Umbrella company, Laurel Icon Ltd will provide a temp resource who is also backfilled if required for holidays etc.
- Both Employee contracts and Client contracts are reviewed quarterly.
- Initially Employees should be prior colleagues trusted and known
Employee Costs
The Employee Model for the new PAYE Service is shown below: (Rough guidelines using https://www.pcpayroll.co.uk/uk-salary-calculator/)
Level 1. Rough Costs for £25k EmployeeEMPLOYEE FINANCES
EMPLOYER COSTS
Level 2. Rough Cost for £50k Employee
EMPLOYEE FINANCES
EMPLOYER COSTS
Level 3. Rough Costs for £75k Employee
EMPLOYEE FINANCES
EMPLOYER COSTS
| Assuming that the worst case scenario is 2 days work per week at £450 Initially this would allow for a single £25k employee In quarter 1.
Depending on the level of work coming in this can increase to level 2 or 3 If 3 days @£450 then Level 2 If 5 days @£450 then level 3
The work levels would be reviewed every 3 months and new contract signed at the appropriate level based on Income.
For each employee, the remainder of the cash-pot would be saved in a separate account, and if appropriate to the contract, travel costs deducted. At the end of each 3 months a bonus would be paid to both employee and company based on the following:
50% kept for Sick/Holiday Leave, travel expenses or other changes i.e. drop in Days to a lower level. Remaining 50% split between employee and company. If working at a higher level during the 3 months a larger % given to employee as bonus.
Examples of bonus: Level 2 PM Earns £50k pro rata – net £2990.60 per month Over 3 months with 3 days work savings are approx 250/week (£1350 earned – £1094.33=£255.67) Total is approx £1000 every 4 weeks Total over 3 months is £3000
£1500 retained for next 3 months £1500 split as £750 bonus to employee + £750 to Company
Level 3 PM Earns £75k pro rata – net £4199.09 per month Over 3 months with 5 days work savings are approx £600/week (£2250 earned – £1641.44=£608.56) Total is approx £2400 every 4 weeks Total over 3 months is £7200
£3600 retained for next 3 months £3600 split as £2000 bonus to employee + £1600 to Company
The retention of the extra is to allow for changes in working days to the detriment of the company whilst the employee continue to the end of the 3 month contract on full pro-rata PAYE |
About Alan
Alan Forrest – Director/Owner
Alan is a founding director of Laurel Icon Ltd with a career spanning 3 decades and experience across diverse sectors and cultures. Many companies have benefited having Alan leading programmes and projects with his ability to influence board members, mentor technical professionals in best practice methods for delivering successful programmes and projects to improve processes where needed or where none exist, instil a culture of change and control.
IT Consultant – New Business Venture
IT Consultant – New Business Venture
Everyone Entertained is a brand new active entertainment centre. We have signed a contract to provide guidance on, implement and support their operational IT infrastructure for 25 potential sites across the UK.
IT Programme Manager – Digital Transformation
IT Programme Manager – Digital Transformation
Leading the IT Programme at the heart of Hays Specialist Recruitment’s UK Strategy to deliver a world-class workplace allowing new opportunities and continuous improvement for a market leading recruitment company.