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...]
A range of compliant payroll services to suit your circumstances.
Should you choose to become an employee of Liquid Friday you will receive all the security and benefits of employment.
Liquid Friday PAYE is perfect if you currently receive assignments through agencies and you are working in any position in any industry where you incur legitimate business expenses such as mileage (any type of travel), accommodation, meals and/or any other expense related to the assignment.
You can claim back business related expenses whilst keeping the flexibility of contracting.
With Liquid PAYE you don`t have the complications of dealing with tax issues, HMRC or the burden of producing financial paperwork each year. You can increase your income; enjoy the benefits of being an employee.
How will PAYE work for me?
Straightforward service at a very reasonable price. You get everything you need, plus generous inclusive insurances (should be more than adequate for most contractors).
Nice enough on the phone, though most communications will probably be done online/email.
They're very happy to answer any questions you may have.
Quote Umbrella Compare code SNMWX when contacting Liquid Friday.
Note: introductory offers and promotions run by Liquid Friday are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Liquid Friday. See our terms and conditions for more details.
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With 149 votes, Liquid Friday has an average review score of 2.7.
2.7 / 5.0 [149 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.