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...]
CIS - Benefit from contracting
We are contracting with Contractors in a tough industry in difficult times.
We intend to offer the best value service for what we do for both Contractors and Workers alike. Our core values are built on fairness and integrity but like all businesses we always look to innovate.
We intend to be leaders in what we do and to bring information, knowledge and new products to our clients where appropriate. We are definitely not just a payment Company.
We are proud of our strong association with the Lighthouse Club and what it does for Construction workers and/or their families who fall on difficult times.
This may be due to an unforeseen accident or just circumstances. The Lighthouse Club is limited to giving financial help but it is an invaluable ‘friend' when there is a crisis. Dermot is on the committee of the London Branch of The Lighthouse Club and we are proud sponsors of the Lighthouse Club.
Going through Ardent Tide means that you have the benefit of contracting on a self-employed CIS basis.
Many workers prefer the flexibility and financial rewards of being self-employed.
Ardent Tide have an easy to navigate website and the information is useful and informative. Focused on solutions for the construction industry, if you're a contractor and want advice about the Construction Industry Scheme this company is a good place to start.
Friendly on the phone, and helpful in all matters Ardent Tide have easily passed our mystery-shop call experience.
Quote Umbrella Compare code RFXAI when contacting Ardent Tide.
Note: introductory offers and promotions run by Ardent Tide are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Ardent Tide. See our terms and conditions for more details.
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With 30 votes, Ardent Tide has an average review score of 3.5.
3.5 / 5.0 [30 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.