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 dynamic company - safe and reliable.
"RACS Groups primary interests are compliance, value for money and excellent customer service.
With ever growing uncertainty surrounding new legislation and the fast expanding array of different providers; we always aim to offer the most comprehensive products to freelance professionals working in the UK and our unflawed relationship with HMRC allows us to do just that! Agencies can rest assured that our offerings and our approach to professional advice will set-aside any worries about potential debt recovery and liability.
We aim to protect the position of both Agencies and Contractors at outset ensuring Informed Choice with Factual Advice is promoted but never compromised."
RACS Group offer contractors a variety of different payment choices depending on their own personal circumstances and specific needs. A popular option is their Umbrella service which is very reasonably priced and comes with everything needed to start contracting straightaway.
They explain their services in clear simple terms and have a good grasp of current complex legislation that affects you as a contractor. You can deal with the RACS Group online or by phone - either way should prove painless. Once you register with them you get your own dedicated account manager to help you with any issues.
RACS Group offer high levels of insurances as part of the standard price and will reply to any queries within a couple of hours.
RACS celebrated the launch of their new offices with an official opening party, local MP Dr. Andrew Murrison cut the opening ribbon. (Feb 2013).
Quote Umbrella Compare code HVLRF when contacting RACS Group.
Note: introductory offers and promotions run by RACS Group are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by RACS Group. See our terms and conditions for more details.
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With 173 votes, RACS Group has an average review score of 2.7.
2.7 / 5.0 [173 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.