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...]
A simple and cost effective solution
Liquidity Group is a company with an experienced headlining cast, sprouting out of a traditional accounting background and having worked closely with some of the biggest recruitment agencies in the UK.
Liquidity Group has the pedigree to offer financially beneficial solutions to temporary workers and the recruitment industry as a whole.
Previous experience had raised questions over how much the temporary worker and the their agencies actually knew about their payroll provider and their processes with queries about expenses, timesheets and legislation becoming a daily occurrence.
Liquidity Group's belief is that if we provide the tools, knowledge and support, workers and agencies alike may remain in control with a full understanding of the processes behind payroll, whether it be an umbrella, self-employed or CIS solution or a more traditional PAYE method.
Standard PAYE umbrella company service for UK contractors and temporary workers. Professional enough on the phone, there are no downsides (that we came across) to report.
The inclusive insurances may be too low for some contract assignments, so check your contract terms first.
Quote Umbrella Compare code RMJLE when contacting Liquidity Group.
Note: introductory offers and promotions run by Liquidity Group are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Liquidity Group. See our terms and conditions for more details.
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With 21 votes, Liquidity Group has an average review score of 3.2.
3.2 / 5.0 [21 Votes]
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.