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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Not all umbrella companies are structured in the same way or offer the same benefits?
That's why we'll take the time to listen to you and talk you through all the options based on your unique circumstances. Once we have a clearer picture you can be sure you'll get the very best qualified advice, not a sales pitch.
With our depth of knowledge and years of experience in the marketplace, you can be sure that our advice and recommendations will never put you, your agency or the end client you're on contract to at risk of fines or penalties. But we'll always give you the best possible reasons to choose 3 sixty for your umbrella services, including:
* Same day payments (CHAPs) * Daily payroll getting your money in your pocket faster * Fully compliant and approved umbrella solution * Highest level of inclusive insurances at no extra cost * Stay in control 24/7/365 with our secure, online portal * Email/text alerts keeping you informed at every stage * Holiday, maternity, paternity and sick pay provision * Independent financial advice and mortgages tailored to your needs * Transparent costs, a guaranteed weekly fixed fee only for the weeks you actually work * No joining fee, no premium rate numbers, no automated responses * Money back guarantee if we don't deliver on our agreed service levels to you * The security and trust that only comes from dealing with the longest established umbrella company in the UK
Oxygen360 have a clear website with 24/7 access to an online portal that lets you view your personal details.
Their charges are on the high side and you'll need to check their inclusive insurances are sufficient for your contract.
Quote Umbrella Compare code CBAXQ when contacting Oxygen360.
Note: introductory offers and promotions run by Oxygen360 are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Oxygen360. 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.