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...]
Good value Good service
Part of the 1st Contact Group which has 15 years + experience in providing expert tax and accounting services - 1st Contact Umbrella gives you the best of both worlds: the freedom and flexibility of being a contractor with all the convenience of being an employee.
Benefits - Why use 1st Contact Umbrella?
Join 1st Contact Umbrella for reliable, legal and hassle free contracting. Over 100,000 contractors since 1996 have enjoyed:
1st Contact Umbrella are a very professional umbrella company giving clear and precise advice to new customers. They even give you the option to meet them in person if you prefer - though these days it's as easy as filling in a simple form online.
They respond quickly to any enquiry and use language that you can understand. The pricing is very competitive in today's market and if you're paid monthly your fees drop to below £70 - pretty good!
Quote Umbrella Compare code GVQQJ when contacting 1st Contact Umbrella.
Note: introductory offers and promotions run by 1st Contact Umbrella are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by 1st Contact Umbrella. See our terms and conditions for more details.
[5666 Page Views]
With 4 votes, 1st Contact Umbrella has an average review score of 3.4.
3.4 / 5.0 [4 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.