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...]
Well priced, great service, a helpful team to back it up
Take home more pay!
At Redfox, we make independence easy. When you register with us, and join our growing number of contractors, you get all the support that you'd expect from a large organisation, while retaining the autonomy and the benefits of being independent. Because we take care of the administration, our contractors have more time as well as more of their income to spend.
Special offer - If you join by downloading a form from the internet we'll give you a free week after we've processed your first 6 timesheets. Don't forget to highlight this on your application form.
At a glance...
Who are Redfox Contracting? We are an umbrella company. We help contractors like you grab more time to themselves, while retaining more net pay
Is there a cost to join Redfox?Applying to join Redfox is free. Once you are a Redfox employee, we will deduct a fee of £24 a week to give you complete piece of mind as far as income tax, paperwork, insurance, IR35 and MSC legislation are concerned.
Who do I send my timesheet to? Once you are a Redfox employee, you will have access to a dedicated support team who will give you all the support and advice you need.
How do I get paid? You get paid weekly, on a Friday by BACS. This is conditional on us having received the payment from your agency. We can also offer a quicker same day CHAPS payment on Fridays, for an additional £10.
Will you still charge me when I am on holiday? The fee of £24 per week is only applicable when we process an agency timesheet on your behalf. If there is a week when you do not submit a timesheet, no fee is payable.
What happens if I want to leave? You can leave at any time. There are no penalties or any hidden costs and there is no minimum contract period.
What can I claim back as expenses? Please go to the Expenses page to get a broad idea of the business expenses. You'll be delighted to know that our weekly fee is a tax deductible expense.
RedFox Contracting are offering a standard no-frills umbrella service. It's not the cheapest service around - at the high end of acceptable,
The front line staff seem to know their business, and explain it to you in a simple uncomplicated manner.
Quote Umbrella Compare code UCXNS when contacting Redfox Contracting.
Note: introductory offers and promotions run by Redfox Contracting are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Redfox Contracting. 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.