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...]
We concentrate on our job so you can concentrate on yours
SmartPay - Simplicity in a Complex World
SmartPay provide employment solutions to temporary contractors who want to provide their expertise in a beneficial and compliant way, without the risk or hassle of self-employment or running a limited company.
We have focused our expertise on providing an umbrella service designed completely around you, allowing you to benefit from all the advantages of an umbrella relationship without having to spend hours shuffling paperwork.
We provide a secure online portal so that you can enter your timesheets and expense details to ensure that invoices and payments are made on time. We automatically download your timesheets and send invoices to your agency in real-time so there are no delays.
SmartPay provides the complete service, from ensuring that the correct contracts are in place that confirm a contractor's status as our employee, which protects our agencies and clients, to ensuring that invoices and payments are processed, on time, every time.
Benefits to you:
Smart pay are a little on the pricey side, and their insurance levels are not going to be sufficient for every contractor.
The team who handled our mystery-shopper did so with professionalism and a great beal of tolerence.
The service on offer is a standard compliant PAYE umbrella company, though would benefit with a dedicated account manager.
Quote Umbrella Compare code DTJOU when contacting Smart Pay.
Note: introductory offers and promotions run by Smart Pay are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Smart Pay. See our terms and conditions for more details.
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With 261 votes, Smart Pay has an average review score of 2.7.
2.7 / 5.0 [261 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.