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...]
Solid outfit, clear communicators
We are a multi disciplinary Professional firm employing accountants, lawyers and clerical staff dedicated to supporting the self employed in small corporate, sole trader, umbrella and partnership businesses.
We support our clients with the full range of tax planning, book keeping, accountancy and business development advice. We also provide risk management advice and comprehensive insurance for our clients.
Our services are based on the principle of fixed fees agreed in advance but paid either by monthly or weekly instalments. Our clients pick and choose the level and nature of the services that they purchase from us to suit their individual circumstances.
Foremans are a member firm of the Institute of Chartered Accountants.
Foremans LLP have a website which clearly explains their services. There isn't an overwhelming amount of detail, but then you don't need to know all the 'ins and outs' - and if you want to know any more you can read about it here on ContractorSupermarket!
When we called posing as a first-time contractor Foremans were quick to answer and very courteous on the phone. The person who took our call was able to answer all our questions in a clear and easy to understand manner. The description of the service was accurate complied with all relevant legislation.
The inclusive insurances are more than adequate for most contractors. All in all we were very happy with their performance and think Foremans are a good choice for freelance contractors.
Quote Umbrella Compare code DUTIK when contacting Foremans.
Note: introductory offers and promotions run by Foremans are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Foremans. See our terms and conditions for more details.
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With 3 votes, Foremans has an average review score of 1.8.
1.8 / 5.0 [3 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.