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...]
Good price good service. You can have both.
iBalance has been vetted and approved by Umbrella Compare. This means that iBalance has completed our comprehensive vetting procedure and is a good, reliable, compliant umbrella company. When you choose iBalance you choose a compliant umbrella company.
If you are a first time contractor, or looking for a change, our umbrella company service is a hassle free professional option, providing you with peace of mind.Welcome to iBalance
If you are looking for a well priced, professional umbrella company service which has a genuine focus on customer support - you've found it.
Find out more about our umbrella company payment service.What Our Clients Say
"Fantastic team. I will certainly recommend you guys to other contractors. Much kudos goes to Charlie and Justin who have been invaluable." Lee R, Contractor
"Thanks IBalance for making my first attempt at contracting so easy." Guy, Project Manager
"I have found the agency portal extremely useful, especially the ability to log on, raise and print invoices. This is quick and easy to do and enables us to match them up with our timesheets and avoids a delay in making payments." Claire (Agency Payroll Dept), M.T.S
The iBalance website is neat and clear with a professional feel to it and talking to their new registration team is easy; well trained and absolutely looking after your best interests.
They have great value pricing and a service to match.
iBalance are currently offering these incentives to contractors using their umbrella company service:
Quote Umbrella Compare code BAL when contacting iBalance.
Note: introductory offers and promotions run by iBalance are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by iBalance. See our terms and conditions for more details.
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With 31 votes, iBalance has an average review score of 3.2.
3.2 / 5.0 [31 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.