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 work hard to help you make the most of the money you have earned
We stick closely to the tax rules, to protect you, and our reputation. We work hard to help you make the most of the money you have earned. And we keep everything nice and straightforward. This is how our PAYE umbrella service works:
You don't have the responsibility or liability that goes with running your own limited company - you become an employee of the umbrella company
Smart Tax umbrella company are compliant and run a standard compliant PAYE umbrella company service.
Their customer service team were unflappable when dealing with our particularly annoying myster-shopper who feigned the ability to grasp the most basic explanations.
The price is at the upper end of our 'acceptable' range, and the inclusive insurances may not be sufficient for all assignments - so check your contract details.
Quote Umbrella Compare code QBINR when contacting Smart Tax.
Note: introductory offers and promotions run by Smart Tax are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Smart Tax. See our terms and conditions for more details.
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With 0 votes, Smart Tax has an average review score of 0.
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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.