Employment Status

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...]

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Umbrella Company in simple terms

Umbrella Company - Simple Terms

An umbrella company handles all your red-tape and admin whilst you are on a contract assignment(s). It's simply the modern equivalent of setting-up your own one-man limited company.

The umbrella service does plenty, the best being it gives you a hassle-free contracting career in terms of paperwork, deadlines and forms.

Call it What you Want

  • Umbrella Company
  • PAYE Umbrella Company
  • Contractor Umbrella Company
  • Independent Freelance Contractor Umbrella Company
  • A godsend!

Umbrella Company Looking After You

  1. Fully Trained Staff
  2. Unlimited After Sales Care
  3. 24/7 Online Account Access
  4. No Work No Fee
  5. Friendly Professional Help
  6. Right First Time Every Time
  7. Complaints Procedure

Technical Stuff the Umbrella Company Provides

  1. Invoicing
  2. Credit Control
  3. Bookkeeping
  4. Record Keeping
  5. Expenses Processing
  6. Tax and NI Calculations
  7. HMRC Dealings
  8. Full Employment Rights

Extra Bits from the Umbrella Company

  1. Professional Contracting Advice
  2. Contractual and Legal Issues
  3. P60
  4. P40
  5. Sick Pay
  6. Maternity Pay
  7. Holiday Pay

Inclusive Umbrella Company Essentials

  1. Professional Indemnity Insurance
  2. Public Liability Insurance
  3. Employers Liability Insurance
  4. Slow Payment Resolution
  5. Same Day ‘Faster Payments'
  6. Tax deductible Stakeholder Pension

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HMRC Compliance

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.