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...]
THE UMBRELLA COMPANY SERVICE IS IDEAL FOR MANY CONTRACTORS IN TODAY'S BUSY MARKET PLACE. Some people do not want to take on the obligations associated with running a Limited Company. Many others are either working on a contract for a very short period, or need to see cash arriving in a personal bank account very quickly.
Cloud 9 umbrella company isn't bad. Nice bright website which explains the service well enough, but there is some information which will confuse the first-time contractor, perhaps.
Good levels of insurance.
Headline price is good value but the extras, like the tax return is exorbitant - unless the contractor has a wide portfolio of investments, multiple income sources and a complex financial background.
Quote Umbrella Compare code WQMPM when contacting Cloud 9.
Note: introductory offers and promotions run by Cloud 9 are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Cloud 9. See our terms and conditions for more details.
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With 29 votes, Cloud 9 has an average review score of 2.5.
2.5 / 5.0 [29 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.