Employment Status

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...]

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Smart Tax

We work hard to help you make the most of the money you have earned

Smart Tax, To be confirmed WWW: http://www.futurelinkgroup.co.uk/Contractors/Umbrella-Company/Our-services/Smart-Tax.aspx MAIL: info@www.smarttaxuk.com CALL: 0845 074 5737 - Quote Ref: QBINR HOURS: 08:30-17:30 Monday - Thursday and 08:30-17:00 Friday SCORE: 0 / 5.0 [0 Votes] FIND: To be confirmed

Introducing Smart Tax

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:

  1. You become an employee of Smart Tax - just complete our online registration form, or we can post a paper form to you. No complicated procedures, joining fee or tie-ins to worry about.
  2. Give us the details of your contract, as well as your agency or direct client, and we'll manage the rest
  3. We complete the required formal checks i.e. identification and eligibility to work in the UK, using copies of ID provided by you
  4. You, or your agency, informs us how many hours you've worked and we turn the time sheets into invoices
  5. We invoice your agency or client for the gross amount
  6. You send us your expense claim forms, with copies of your supporting receipts for verification purposes. We then reimburse you for these expenses
  7. We make necessary PAYE deductions and pay you as soon as we receive cleared funds from your agency/client. All Tax and National Insurance is deducted at source so there are no further deductions to worry about
  8. We'll email your payslip and text you to let you know you've been paid.A PAYE umbrella company allows contractors to make the most of their earning while avoiding the headaches and responsibilities involved in handling your own tax and payroll arrangements. Smart Tax offers a fully compliant PAYE payroll solution.It's the smart way to do things because:

You don't have the responsibility or liability that goes with running your own limited company - you become an employee of the umbrella company

  • If you're new to contracting an umbrella company is the easiest way to start
  • An umbrella company means you don't need to worry about IR35
  • Because umbrella companies make full PAYE deductions, and process your expenses with every payment, you don't need to worry about submitting tax returns
  • An umbrella company takes care of all administration, so you don't have the hassles of invoices, payslips, tax, NI deductions and contract paperwork

Umbrella Compare Review of Smart Tax

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.

Umbrella Compare Promotional Code for Smart Tax

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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Rating and Reviews of Smart Tax

With 0 votes, Smart Tax has an average review score of 0.

0 / 5.0 [0 Votes]

HMRC Compliance

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.