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...]
Friendly, knowledgeable and treat you as a valued customer
"PacificB2E is a professional services group focused on the contractor and employment sectors in the UK. We offer a full range of professional accounting, taxation, employment and visa services for individuals who are working or are about to work in contract or temporary roles in the UK.
Whatever service you take, you are safe in the knowledge that PacificB2E staff are fully qualified and accredited and that we will always, without exception comply with HMRC regulations."Our unique Umbrella service provides you with a range of benefits:
Their customers get all the features you would expect from a reputable company such as HMRC compliance and professional insurance.
When you telephone them to enquire about their services they are clear, accurate and explain the detail in an easy to understand way.
It doesn't stop there: you get qualified advice from accountants, direct access to your client manager, experts skilled in working with recruitment agencies and an umbrella company that gives every client individual attention.
Pacific Umbrella have a very robust Complaints Procedure, too. It might not be top of your mind when choosing an umbrella, but it is very reassuring should you ever have a concern with them sometime in the future.
Quote Umbrella Compare code TJOTD when contacting Pacific Umbrella.
Note: introductory offers and promotions run by Pacific Umbrella are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Pacific Umbrella. 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.