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...]
Concerning reports - One to watch
PayMatters removes the stress of payroll, tax and administration.
We help ensure you claim all appropriate allowable expenses to minimise your tax liability while offering a host of other benefits.
We are a professional organisation offering value for money and we have a team of experienced and fully trained staff who are always keen to help.
We offer a 100% HMRC Compliant Umbrella Company Service covering the whole of the UK.
We have advised over 2,000 contractors in the last 12 months. Please visit our Testimonials section to see some of their feeedback.
The Benefits of Joining PayMatters
We can help you:
Earning more money or Enjoying your free time - care and stress free.
17 Dec 13 Update: Umbrella Compare has received several concerning reports in regard to Pay Matters which suggest they are a risky umbrella company solution. Umbrella Compare have written to PayMatters to understand and clarify/explain those concerns./p>
13 Feb 14 Update: PayMatters CEO, Miles Grady, wrote to Umbrella compare to explain his concern and stress over the negative slants and insinuations by one individual. Miles explained that these are the actions of one troubled individual and legal action is being taken for resolution. Whilst Umbrella Compare cannot comment without full visibility and understanding of both parties experience, we felt it appropriate to publish both challenge and statement.
PayMatters come with a complete package for those contractors who demand high levels of service at an affordable price. Started by experienced professionals who understand the importance of getting things right (first time and every time!) you'll be looked after by a very competent team. PayMatters also comes with extras like Childcare Vouchers (meaning you can save an extra £1,200 each year) and access to a Norwich Union group pension scheme. The PayMatters website is clear and simple to navigate, it offers enough information so you can understand exactly what they do but does not blind you with industry jargon and irrelevant detail. They explain their services clearly and come across as wanting to help whatever your issue may be. A healthy insurance package is included as standard for all contractors which should be sufficient for most roles.
Quote Umbrella Compare code KNJJQ when contacting PayMatters.
Note: introductory offers and promotions run by PayMatters are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by PayMatters. See our terms and conditions for more details.
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With 14 votes, PayMatters has an average review score of 2.1.
2.1 / 5.0 [14 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.