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Private Sector Automated Tax Software
Opportunity to invest in automated tax software designed for Private Sector IR35 reform.

We are an established employment tax consultancy (trading since 2012), who have a unique opportunity to resell a tried and tested IR35 software solution into the Private Sector.

Sweeping changes in the way that medium to large Private Sector businesses are to engage with off-payroll workers were announced in Budget 2018. From April 2020, these firms will have the onerous responsibility of taking reasonable care in ascertaining the true employment status for any Personal Service Companies (PSC) they have engaged with. If the engagement is found to be that of deemed employment (i.e. the individual would have been classified as an employee if it wasn’t for the veil of incorporation) then the Private Sector business will be mandated to deduct payroll taxes from the net amount of any invoices presented to them by the PSC.

The software solution that we are reselling is ideal for businesses with large volumes of contractors to assess for IR35 purposes. This is because it automatically makes reliable and accurate employment status determinations based on cutting edge algorithms that assess every single employment status factor. There are no competitors in this market currently (and for the foreseeable future) who have the ability to make automated assessments.
We have already generated a significant number of leads and do not want to miss out on any future opportunities.

Each software licence will generate a minimum of £1,000 per month gross profit after reseller fees have been accounted for.

We are seeking an investment of £100,000 to ensure that this solution is advertised online effectively and for working capital to scale up our staffing complement to generate leads and deal with sales conversions. Angel investors will see a ROI in Year 2 of at least 33% after minimum sales targets are achieved.
Total Funding Required: £100,000.00
Min. per Investor: £20,000.00
Industry: Financial Services
Sec. Industry: Computer Software
Region: North West
Proposal ID: 22610
Investment Reason: Working Capital
Proposal Status:
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