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 'no jargon' professional service.
"We provide pro-active accountancy solutions to many thousands of contractors and temporary workers throughout the UK.
Our excellent PAYE Umbrella service works for contractors who want to have some of the benefits and advantages of operating through a limited company but want to eliminate the administration burden.
Working with Danbro you can be sure that you will NOT be caught by MSC legislation, whilst giving you the most tax efficient fair and friendly service with total peace of mind."PAYE Umbrella Company ServiceLooking for a tax efficient way to get paid?
Our PAYE Umbrella company service works for contract, freelance and temporary workers who want to have some of the benefits and advantages of operating through a limited company but don't want to be burdened with the bookkeeping.
Under the umbrella solution, all you have to do is submit your timesheet and expenses to us through our online portal, allowing us to invoice your agency/client. As soon as we receive your money, we process your payment on the same day, ensuring you receive your earnings in the quickest and most tax efficient manner.
Is the Umbrella Company Service for you?
Contractors who will suit the Umbrella service are:
Danbro are good at what they do - and do it with enthusiasm! Not a bad choice for your umbrella service given the price and service levels. Danbro's website is information heavy, you don't need it all but it is there if you want it for any reason.
They offer both a newswire and a blog for recruitment agents.
Danbro is regulated by the Chartered Institute of Management Accountants.
Quote Umbrella Compare code PEAPY when contacting Danbro.
Note: introductory offers and promotions run by Danbro are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Danbro. See our terms and conditions for more details.
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With 10 votes, Danbro has an average review score of 2.5.
2.5 / 5.0 [10 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.