Are you a contractor? If you work for someone else, it is important to know whether you are working for that person in an employed capacity or in a self-employed capacity as an independent contractor.
Your employment status will determine the charge to tax on income from your employment or self-employment. It will also determine the class of NICs, which are to be paid.
Umbrella Companies employ you for tax purposes and complete central returns for all their contractors. It's less hassle and more flexible for you but take home pay is typically less than that the limited company option.
The best option for you depends on your plans, 'one off' contract or 'contractor for life'? [Read More...]
Pricey but effective
Maxipay Accounting Services has been providing tax efficient payroll services to contract and temporary workers since 2001. Our dedicated Customer Service team is committed to providing you with the best level of service available from any Umbrella Company.
The benefits of joining one of our Umbrella Companies include:
Because you are a PAYE employee, there are no IR35 issues and our compliant Umbrella services are not affected by the Managed Service Companies legislation.
We work with several well known experts to ensure that our service is compliant with all current legislation. Contractors are entitled to all statutory benefits and holiday pay is accrued at the required rate and paid upon request when our employees take time off.
Each employee and each agency/end user that they are working for has a dedicated account manager. In addition, we have an expert compliance department including a number of well qualified accountants to keep the company in line with all legislation, in particular with regard to;
We regularly consult with 3rd party organisations to ensure compliance.
We provide a level of customer service that is amongst the best in the industry.
We also have a CIS contracting company which was recently audited by industry specialists Accountax who returned a very positive report rating us as a very low risk service.
The MaxiPay (Ducas) Umbrella is the employer of thousands of contractors across the UK. The service allows individuals to take advantage of all the benefits offered to an employee, including holiday pay, sick pay and maternity/paternity leave, whilst enjoying the flexibility of undertaking a range of temporary assignments.
Suitable for any temporary worker earning over £9 per hour.
Whether you are an individual contractor or represent an agency who wants to get the very best service for your workforce, Ducas lets you enjoy a compliant and reliable service that looks after your interests.
Quote Umbrella Compare code WWSAV when contacting MaxiPay.
Note: introductory offers and promotions run by MaxiPay are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by MaxiPay. See our terms and conditions for more details.
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It's the basics... Compliance with Tax, VAT, PAYE and fiscal arrangements is mandatory for contractors regardless of whether you use an umbrella company or your own limited company.
Incredible then that there are still rogue umbrella companies and limited company accountants who expose their contractors to fraud. Umbrella Compare provides THE solution, we thoroughly vet all umbrella companies and limited company accountants that we list [Read more...].
Umbrella Compare provides a holistic overview of contracting with the aim of helping new and old contractors find the right payroll solutions. Contracting should be about focusing on the contract, not payroll, accounting, HMRC and bureaucracy.