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...]
Premium PAYE umbrella company
Zeva Umbrella, who it's for?
Umbrella is Zeva's option for people who work on temporary or short-term contracts and who prefer to operate as an employee rather than being self-employed.
Zeva Umbrella acts as a single limited company employer for large number of workers who operate as our employees within Pay As You Earn (PAYE); and meet the following criteria:
By Zeva fully taking on the role of employer we are able to provide complete payment administration, covering everything from rigorous employment status checks through to robust and flexible employment contracts and the consolidation of all worker payments into a single weekly invoice. All fully compliant with current HMRC legislation!
Sounds good, but what does it cost? Zeva has spent many years investing heavily in its infrastructure, optimising procedures and systems in order to minimise agency costs whilst maximising worker's pay. The result - a cost to the agency of just £X per worker per week!Worker benefits
As an employee of Zeva Umbrella, income is paid as a combination of salary and legitimate HMRC approved business expenses. Employees can maximise their take-home pay knowing that all their PAYE and NIC deductions are taken care of, whilst also taking advantage of the statutory benefits of being employed e.g. holiday pay and statutory sick pay (SSP).
We in turn provide their weekly pay slips and send a text message each Wednesday detailing their week's payment. You as the agency pay us each week their gross payment of which all the necessary deductions will be made. The remainder is then paid into the employee's bank account each Friday.
The benefit of being paid this way is that we can pay a proportion of their pay as expenses, which are tax free. This in turn reduces their overall weekly tax bill whilst increasing their take home pay, whilst enjoying full employee status and continuation of employment.How it works
Recommendation - As normal, you agree a PAYE rate with your worker. You explain Zeva's role to them and hand over our introductory Zeva Umbrella leaflet.
Registration and contracts - Zeva's registrations department calls the worker and after carrying out an employment status check signs them up as an umbrella company employee. Formal detailed employment contracts are raised which can be accepted immediately electronically. P45's and ID's etc are handled by us. You as the agency can monitor progress via our online administration system, Gateway.
Admin - All your agency needs to do is provide Zeva with the weekly hours and we will instantly calculate the minimum cost of employment. We raise you a single invoice there and then, with nothing else to pay, and nothing else to do.
Payment - We send the worker a confirmation text each Wednesday prior to them getting paid at their agreed rate on the Friday. An umbrella pay slip to confirm payment is available to view or download online.
Zeva Umbrella is a straight-forward service which is clearly explained on their site.
Speak to them on the phone and they will explain their services in clear simple terms.
As a customer, you can access your personal records from their web-portal, at your convenience, as well as using it to submit your time-sheet details each month.
At the upper range of an acceptable fee band, but you get what you pay for.
Quote Umbrella Compare code KGCQC when contacting Zeva Umbrella.
Note: introductory offers and promotions run by Zeva Umbrella are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Zeva Umbrella. See our terms and conditions for more details.
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With 20 votes, Zeva Umbrella has an average review score of 2.5.
2.5 / 5.0 [20 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.