Galileo Solution

Galileo Solution from Contractors Pro

By: Contractors Pro  11/07/2014
Keywords: Tax planning, Payroll Services, tax advice

What is the Galileo Solution? The Galileo solution allows a UK self-employed resident to provide their services to one or more UK businesses via a trading trust. The contract worker will be paid a fee by the trustee of the Trust. The Trust can also provide other benefits, such as loans, which will not be taxable. Key Features: Keep up to 90% of your earnings No joining or cancellation fee No contract term Full administration service Payment made within 48 hours How does the Galileo solution work? The contractor enters into a contract with the Trust, under which he/she agrees to provide services to one or more end users. The end users pay fees to the Trust, which pays some of these fees to the Contractor and may also make a loan to him/her.

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