TMS Group UK Ltd
TMS Group is the UK’s leading workforce engagement consultancy, and for 15 years we have worked in partnership with... Read more
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Overview
TMS Group is the UK’s leading workforce engagement consultancy, and for 15 years we have worked in partnership with employers to build happier, more fulfilled and more productive workforces, optimising efficiencies and giving further advantages to businesses and workers alike. In the aftermath of the Covid pandemic, maintaining a productive and profitable workforce means reshaping the way you engage your team, empowering them, and making their happiness and wellbeing genuine priorities. One of the ways of achieving a happier, more productive workforce is to ensure that financially they are settled and content with their remuneration package. By working with TMS and utilising our bespoke engagement contract, we are able to ensure that your qualifying people see between 10 and 15% more in their net monthly income, which in the current economic climate will make a huge difference to most people. Businesses will also appreciate savings of more than 15% on their fiscal responsibilities.
Problems we solve for agents
Many people are currently feeling the pinch with the hike in the cost of living. By utilising the platform, Agents can effectively give workers the equivalent of a 15% pay rise, whilst also saving money themselves.
Reviews
TMS charge a 7% licence fee which is split between both business and individual, meaning a cost of 3.5% to each on the invoiced amount each month. The advantage of working this way is that individuals recoup most of this money through making the transition, as they will now pay 3% less NI contributions, and businesses will still see roughly a 15% saving on payroll costs after fees have been deducted.
Setup / Onboarding
Normally around one week.
Training & Support
TMS offer an ongoing support programme for all businesses and individuals that come aboard. Individuals can look forward to help with all of their expenses and expenditure items, and all of their fiscal liabilities taken care of, including self assessments and tax returns. The group also handles the payroll calculations for anybody utilising the platform.
Product range
The TMS Group offer a unique contractual arrangement that has financial benefit for both business and team members. Since 2009 we have worked with over 300 organisations and 10000 consultants, and in this current economic climate our products and services have never been more current.
We would be delighted to set up a face to face or zoom meeting to fill you in on the pertinent detail.
As a summary:
We work with businesses that operate in the sales and marketing sectors, where variable and bonus related incomes are predominant.
Utilising our pre-approved HMRC contractual arrangement, an arrangement that has been in use since 2009, you are able to offer your team members the opportunity to transition to a contracted consultancy basis, allowing them to work more tax efficiently and retaining more of their hard-earned money, very often to the tune of between 10 and 15%.
For every team member that makes the transition, your business will save around 17.5% on payroll, as National Insurance and Work Place pension responsibilities are negated.
We take care of all fiscal responsibilities for the consultants, appointing one of our accountants to take care of their self-assessments, tax returns and collation of expenses, allowing them to continue to operate within your business in exactly the same way they were before. We encourage businesses to treat these people in the same way they do their employees in relation to hours, holiday entitlement and pay.
Our customer support team also assist with payroll procedures by taking care of all the invoicing, paperwork and calculations associated with working the TMS way.
Key Features:
17.5% savings for your business on all eligible team members
Between 10 and 15% more money in your team member’s pay packet
A proven and tested HMRC pre-approved contractual arrangement
An assist to your recruitment profile, and staff retention
Full ongoing support from our team of tax experts and client liaison team
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