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...]
Nopalaver is the engineers choice.
The NoPalaver Group provides employment, payment, accounting and administration services for contractors, agencies and corporate clients.
We have the ability to advise across all aspects of operating as a contractor thus ensuring each individual is working through the most appropriate and efficient solution at all times of their freelancing career.
There are a number of ways of operating as a contractor; however.........."One size DOES NOT fit all"
The NoPalaver Group is a "family" of companies who provide effective, efficient and compliant services to the individual contractor whilst removing the time consuming hassle of running their own company or scheme. This, in turn maximises earnings and frees up time to enjoy life.
The NoPalaver Group recognises that personal circumstances and requirements differ from individual to individual and shapes the way they work. Unlike many solution providers,
The NoPalaver Group works closely with clients, agencies and contractors alike to ensure the best possible advice is available and on-hand at all times.
The NoPalaver Group is building an enviable reputation as an all-encompassing operation which not only provides advice and standard solutions for the contracting marketplace but develops bespoke solutions for clients to meet very specific requirements.
If you are new to contracting, established freelancer, agency or a user of contract staff, have a look at what we can do for you.
NoPalaver's umbrella service has been up and running from May 07 and focuses on keeping their contractors compliant at all times. They will ensure you trade compliantly and not encourage any fraudulent expense claims. They excel in terms of ethical standards; they will explain their services in clear simple terms and have a good grasp of current complex legislation that affects you as a contractor. Their website is readable and makes sense to a newcomer. They do not operate a portal system which means you'll need to fax or post your timesheets every week - but that's not a great hardship.
Quote Umbrella Compare code YJYSR when contacting NoPalaver.
Note: introductory offers and promotions run by NoPalaver are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by NoPalaver. 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.