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...]
Compliant, Personal, Reliable solutions, Trust the Experts.
Advance Contracting Solutions Limited is one of the most reputable providers of contracting solutions for workers involved in obtaining temporary projects through recruitment businesses. Advance has never offered composite company solutions, and specialises in offering compliant contracting solutions to contractors wanting to work within HM Revenue and Customs regulations. Advance offers three exceptional solutions:
Umbrella - An umbrella company is an alternative to being paid PAYE by an agency.The Umbrella solution takes away all the hassle surrounding payment, as an employee you receive all the statutory rights that go with your employment, and you won't have to do an end of year tax return, as Tax and NI contributions are taken directly out of your pay. In addition you can reclaim genuine business expenses that you incur whilst going about your work on temporary projects.
CIS - If you are genuinely self employed and are working in the Construction Industry under CIS rules, then Advance CIS is the option for you.
Self Employed- If you are not working in the Construction Industry under CIS rules, but are still genuinely self employed, then Advance Self Employed is your best option.
Advance umbrella are welcoming on the phone and knowledgeable when it comes to dealing with contractors. All our questions were answered accurately and in fairly easy to understand language.
You'll be talked through the process and they'll explain what your options are given your own situation.
The inclusive insurance should be more than adequate for most assignments, and a pleasant surprise is their very reasonable price.
Quote Umbrella Compare code AHKEP when contacting Advance Contracting Solutions.
Note: introductory offers and promotions run by Advance Contracting Solutions are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Advance Contracting Solutions. See our terms and conditions for more details.
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With 44 votes, Advance Contracting Solutions has an average review score of 2.7.
2.7 / 5.0 [44 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.