About IN-SYNC Tax

We are an accountancy practice that provides a range of personal tax and VAT services to UK-based self-employed people and self-employed sub-contractors working across a wide range of industries.


We have two key specialist areas:

  • Working with sub-contractors who operate within the construction industry and are registered with HMRC's Construction Industry Scheme (CIS) to maximise their Tax rebates at the end of the year

  • Assessing, advising and supporting self-employed people who fall beneath the VAT registration threshold and helping them to understand the benefits of voluntary registration and the subsequent management, collection and payment of any VAT, along with any refunds that they might be entitled to.

By working with IN-SYNC Tax customers can have the freedom to concentrate on running their business in the way they want, without having to worry about their HMRC reporting requirements, Income Tax or National Insurance liabilities.

Value Added Services

For those with a good level of financial knowledge and awareness, the rise of inexpensive self-service bookkeeping portals can be a great option. However, we recognise that they do not cater for the majority of self-employed people who either need advice on managing their business Tax more efficiently or perhaps don't have the time to pull together their records every year. 

At IN-SYNC Tax, the service we provide our customers will depend on their circumstances. We have a fully self-service offering at a reduced price but can provide specialist help and advice where needed to help them operate their businesses as efficiently as possible. 

A complete solution for the self-employed

As part of IN-SYNC Group, every operative and sub-contractor we deal with gains access to a wide range of benefits, including payment and engagement options, business loans and asset financing. Our vision across the Group is to deliver the very best financial benefits to self-employed professionals, whilst minimising hassle.

 

New services for 2019

In 2019, we will be introducing some exciting new services: 

A combined monthly Tax and VAT service (either Flat Rate Scheme (FRS) or standard VAT accounting, whichever is most beneficial based on the individual’s industry and expenses), with free access to our mileage tracker, LOGIT-IN, travel expenses and a Starling business current account.

Business Booster will generate a quarterly or annual VAT rebate through FRS backdating, when possible or through a VAT standard input reclaim with ongoing value through monthly tax and VAT services in line with Making Tax Digital, which includes:

  • Monthly sales and expenses analysis to ensure optimum tax efficiency
  • Quarterly VAT assessments to ensure maximum benefit (FRS or Standard VAT accounting)
  • Fee protection cover in the event of an HMRC investigation into their Tax or VAT
  • Projected liability reporting
  • MTD financial reporting
  • General advice

This service bundle is provided to an individual and doesn’t necessarily require the involvement of any of the operative’s clients or supply chain.

Business Booster is paid for in one of three ways:

  • Taking the first two weeks payment in advance on a credit or debit card;
  • Setting up a monthly (in arrears) direct debit payment
  • Deferred annual payment within a credit agreement

A combined monthly Tax, VAT & Payment service (either FRS or standard VAT accounting, whichever is most beneficial based on the individual’s industry and expenses) with free access to Logit-In mileage tracker & travel expenses plus an online Starling business current account.

Supercharger has the ability to generate a quarterly or annual VAT rebate through FRS backdating when possible or through a VAT Input reclaim with ongoing value through monthly (MTD) Tax and VAT services which include:

  • Where we have a contract for services with the End-client and a consultant or subcontractor relationship with the operative, where the End-client will not engage our customer directly.
  • Monthly sales and expenses analysis to ensure optimum tax efficiency;
  • Quarterly VAT assessments to ensure maximum benefit (FRS or Standard VAT accounting);
  • Fee protection cover in the event of an HMRC investigation into their Tax or VAT;
  • Projected liability reporting;
  • MTD financial reporting
  • General advice

This service bundle is provided to an individual and doesn’t necessarily require the involvement of any of the operative’s clients or supply chain.

It is the intention that the operative is not subjected to any margin, fees or deductions for the payment services detailed above.

Alongside these payment services, Supercharger customers will have access to:

  • Employment status due diligence/guarantee
  • Public Liability cover
  • Identity / Right to work checks
  • Help to move from client to client and get set up as a contractor/supplier.

Where engaging directly with a client, all of the above would be provided in the form of an electronic document pack, which would confirm all of the individuals personal and business details.

Alongside their normal preferred list of Umbrella suppliers with the case of Recruitment Agencies, they will already likely engage with Personal Service Companies (PSC’s) and their own direct Agency PAYE operatives. 

Supercharger is paid for in one of three ways:

  • Taking the first two weeks payment in advance on a credit or debit card;
  • Setting up a monthly (in arrears) direct debit payment
  • Deferred annual payment within a credit agreement

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