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...]
Slick & professional
"At Brookson, our umbrella company service offers freelance contractors a complete employment service, backed by a reputation for compliance and customer service.
We can take care of the time consuming paperwork like timesheets and invoicing whilst making sure you benefit from the tax relief available to you on the expenses you incur.
Our service is designed with your lifestyle in mind providing you same day CHAPS bank transfers and timely SMS text alerts on payments. You do not need to worry about IR35 because it simply does not apply to you through this service.
n addition to this safe and hassle free way of working you will benefit from an impressive level of insurance cover; and a free year-end self assessment tax return."
A major gripe with this company is that, in normal circumstances, you can't simply ring up and ask about their umbrella services. You have to call up to make an appointment for them to call you back later. Possibly inconvenient for you, but that's the way the operate.
Quote Umbrella Compare code JRIPC when contacting Brookson.
Note: introductory offers and promotions run by Brookson are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Brookson. See our terms and conditions for more details.
[6456 Page Views]
With 26 votes, Brookson has an average review score of 2.5.
2.5 / 5.0 [26 Votes]
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.