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...]
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O2 Professional believes in offering workers choices as to how they wish to contract their services. This is why we offer workers the option to contract under our O2 PAYE Umbrella option.You become our employee, which means you're employed by us on a proper contract of employment. This arrangement gives you all the benefits of contracting, with the added reassurance that your administration, employment rights and accounts are being taken care of in a fast, efficient and fully compliant way. You may have been asked by potential clients if you are an 'umbrella contractor' - this is exactly what they mean by it.O2 PAYE Umbrella service takes away the time-consuming side of being a contractor, and ensures your payments are fully in-line with HMRC regulations and ever-changing legislations, across all kinds of businesses.KeyBenefits
The customer service team handled our mystery-call well, and there were no complaints about knowledge, ability or friendliness.
Price is within the acceptable range. All correct procedures were followed, and explanations were clear.
Quote Umbrella Compare code BKXJE when contacting O2 Professional.
Note: introductory offers and promotions run by O2 Professional are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by O2 Professional. 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.