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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An umbrella company acts as an employer to contractors who work under a temporary contract, usually through a specialist employment agency.
An umbrella company issues invoices to the recruitment agency (our client) and once the payment of the invoice is made, we will then pay the contractor through PAYE.
Our umbrella company service is designed to save you as much tax as legally possible. As well as increasing your take home pay, you will receive a hassle free service so you will have plenty of free time to spend your extra money.
Why Choose Nisi Services?
Our contractor umbrella company solution will enable you to enjoy the benefits of contracting without the administrative hassle. We will maximise your net income, save you time and alleviate you of any IR35 concerns.
Our team have been providing umbrella services to contractors since 2001. We'll take on the burden of legal and accounting issues, taxation, insurance, invoicing, VAT - in fact every aspect of administration, leaving you to concentrate on your contract!
We offer market leading customer service and a deep understanding of contractors' needs combined with a cost-effective and comprehensive service. We could save you hundreds, possibly thousands of pounds each year.
The overwhelming majority of our new contractors come from referrals and we're proud of our continuing client satisfaction levels.
If you're concerned about IR35 and its demands; maybe you're moving into the contractor market for the first time and need the minimum amount of hassle or perhaps you're fed up with your current contractor umbrella company service. Whatever your situation, we are sure we have a solution for you.
NISI umbrella company explain their services for freelance contractors in clear and simple terms. They have a good grasp of current complex legislation that affects freelance contractors.
They are a little bit pricey, but that's not a deal-breaker by any means.
The NISI website is clear, though perhaps a little bit confusing if you are a new contractor. This issue is resolved by them over the phone, where they explain themselves much better.
Quote Umbrella Compare code VKNJI when contacting NISI Services.
Note: introductory offers and promotions run by NISI Services are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by NISI Services. 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.