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...]
Offering compliant solutions for contractors and freelancers.
Offering compliant solutions for contractors and freelancers
Sombrilla is the umbrella company which offers freelancers and contractors the benefits of working for a limited company, without the administration or statutory responsibilities, providing peace of mind and absolute compliance with complete security.
Our umbrella company takes care of all the tax and administration burdens, leaving you to enjoy the many benefits available to you whilst working as a flexible employee of Sombrilla.
And we're so confident our umbrella company solution is the best option for contractors and freelancers that we offer one month's free trial to all new members.
We do not have any set-up costs or leavers' fees and our 'no work no cost' system means our members only incur an admin charge when they are working. We also offer a range of value-added services including free expenses processing and free Professional Indemnity, Employer's Liability and Public Liability insurances.
Sombrilla is an associate company of CMEASY a firm of Chartered Accountants, with many years experience of advising freelancers and contractors.
By following the correct use of HMRC legislation, Sombrilla's umbrella service ensures that your tax status is safeguarded at all times. Being a PAYE umbrella company, our payroll solutions are taxed at source, making them IR35 compliant. This makes Sombrilla the ultimate choice of PAYE umbrella solution.
Our professional advisors make sure you take home the highest rate of pay allowable under a PAYE system. Whilst we encourage the claiming of expenses as a way to mitigate earnings, we ensure that we do so within the limits of the law.
Sombrilla was formed with one purpose in mind, that is to implement a hassle-free professional umbrella service for the benefit of UK based freelancers, independent contractors and recruitment agencies.
Sombrilla have an informative website that is easy to navigate and explains the process of how you get paid in clear and simple terms. They are fully compliant with all the latest legislation from HMRC so ensuring your tax status is safeguarded at all times.
Critically, Sombrilla umbrella company have a team of professional advisors who make sure that you claim the business expenses to which you are entitled to within the limits of the law, thus reducing your tax and increasing your take home pay. Nothing you wouldn't due if you managed your own one-man limited company.
As is expected from a professional umbrella company Sombrilla has no joining or leaving fees, they only charge when you are working and each client has a dedicated account manager to handle any queries.
Quote Umbrella Compare code CLWDY when contacting Sombrilla umbrella company.
Note: introductory offers and promotions run by Sombrilla umbrella company are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Sombrilla umbrella company. 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.