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...]
Helpful, efficient and effective.
At CPM People we've always moved with the times. That's why we're at the forefront when it comes to making freelancers' lives easier. CPM People steers clients through the complexities of IR35 and national tax laws and makes the freelancing lifestyle as stress-free as it should be.
CPM People is a name that really reflects the way we work. Since forming in as an umbrella company, our remit has always been to help freelance and contract workers enjoy a simplified working lifestyle. CPM People takes care of all your payment administration and helps you operate as tax efficiently as possible.
Our experience and professionalism don't just speak for themselves. Here's what some consultants have had to say about their experiences of working with CPM People.
CPM People have been around for more than a decade. They have heaps of experience with both an umbrella company service for UK contractors and international soloutions if you work outside the UK.
CPM People have an online portal which means submitting timesheets is pretty easy to do.
They explain the umbrella company service in clear simple terms and have a good grasp of current complex legislation that affects you as a contractor.
Quote Umbrella Compare code FOIUD when contacting CPM People.
Note: introductory offers and promotions run by CPM People are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by CPM People. 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.