A client was trying to place contractors in Sweden. What they found was that the net retentions were so low that contractors could not afford to take the assignment and end up paying the employer’s social charges in Sweden of a little over a 30% plus having to meet dual housekeeping costs in Sweden, as well as at home.
We proposed our ATA (Access Tax and Accounting Ltd. is a member of Access Financial group of companies) solution for Sweden, where we localised the contractors’ limited company in Sweden as well as registering the contractor himself. The net effect of this on the retention was transformational. Not only were the contractors happy, but the agency had a massive competitive edge over their competitors not working with us and, as a consequence, their Swedish business goes from strength to strength.