Are you thinking of starting a limited company to operate your freelance business?
PCG Startup membership allows you to bundle together all the key elements required to freelance via your own limited company in a legally compliant, safe and professional way.
It provides you with a single trustworthy source for your key needs. This can be cost effective and think of all those billable hours you could save!
Your Limited company formation and/or accountancy services will be provided by a PCG Startup Accredited Accountant. There is a choice of two firms, each accredited by PCG as a result of strict entry criteria and training in accounting issues specific to freelancers. You can evaluate and select one of the three firms according to your preferences.
Options available to you for your PCG Startup package
When you join PCG Startup you are able to build your own package out of the key elements available to you such as accountancy, book-keeping and insurance.
The PCG Startup Package Includes;
- Company formation by a PCG accredited accountant is already included in the package
- Membership level – you can choose either PCG Standard membership (includes PEI insurance) or PCG Plus membership (includes PEI Insurance, PAYE Audit Cover, Agency Failure insurance, Jury Service cover, Creditsafe fee recovery service, Ashridge virtual learning resource centre)
You can choose to add Accountancy services, which includes:
- PAYE, corporation Tax & VAT registration
- Annual accounts
- Corporation tax and personal tax return
- Payroll for up to two employees
- Companies house returns
- Inclusive calls, Meetings and correspondence with your accountant
- One professional contract review per year
- Or you can choose Accountancy services (as above) plus a full book-keeping and VAT service.
- Do you need Professional Indemnity Insurance?
PI Insurance is available to you at £250,000, £500,000 or £1 million.
The PI insurance also includes £10 million Employers Liability insurance, £1 million Public Liability insurance - click on the links for the policy wording. Exclusions apply.
If you have any questions please see the frequently asked questions page or call 0208 897 9970 to talk to our membership team.
Notes
* If you have recently set up a company but have not yet made arrangements for accountancy and insurance and would like to join PCG Startup, please contact the PCG office on 0208 897 9970.
* The minimum term of PCG Startup is 12 months.
* PCG Startup is not applicable if you have more than 2 employees.
* The full book-keeping service differs between each accountancy firm so we suggest you contact each supplier to ascertain how they operate.
*With respect to Professional Indemnity Insurance you are buying into an aggregate insurance product established for Startup Members, in which the limit of claim on the basket is uncapped. Your individual claims limit is defined in your Verification Certificate. Please Note that the Directors’ and Officers’ Liability Extension Clause does not apply to the Startup Policy. Cover excludes manual workers and other exclusions apply.
* If you are expecting your annual contract value to be higher than £200,000 please complete the Contractor Activity form here, call 0208 8979970, or refer to the insurer before taking out cover.
* PCG Accredited Accountant practices have undertaken additional training and accreditation in tax matters of particular importance to freelance workers. This accreditation does not assess their general standards of service, and does not have any bearing on their professional qualifications from ICAEW, ACCA, ICAS or CIMA. Any complaints regarding the professional standards of services offered by Accredited Accountant practices should be directed to the relevant professional body.
* Please note that in the event of duplicating your insurance covers, you could be jeopardising your protection in the event of a claim.
Disclaimer:
Professional Contractors Group Limited is an Appointed Representative of Caunce O’Hara & Company Limited which is authorised and regulated by the Financial Services Authority under firms reference no: 306183 |