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...]
Shield is a well respected Hertfordshire-based provider of compliant and tax-efficient payroll solutions for contractors and recruitment companies across the United Kingdom.
Like you, we understand that people make all the difference. Positive attitude and great training underpin the expert response you receive from your dedicated account management team. Nothing is too much trouble and it is that ethos that sets us apart.
At Shield Contract Services it is our job to remove hassle and risk. This is backed by industry leading taxation, accountancy and legal partners as well as the protection of Personal Accident cover giving peace of mind to contractors, clients, agents and workers alike.
Our services are speedy, convenient and above all compliant. At Shield Contract Services (Uk) Ltd it is our job to remove hassle and risk. This is backed by industry leading taxation, accountancy and legal partners as well as the full protection of insurance needed to carry out your daily tasks, plus peace of mind to contractors, clients, agents and workers.
As part of a growing portfolio of services benefiting our employees, Shield is proud to introduce our PAYE Umbrella service.As an employee of Shield you are entitled to offset certain expenses. We will deduct the sum of your expenses from your gross taxable salary to maximise your take home.
THE BENEFITS OF SHIELD:
- Same day payment any day
- SMS to let you know when you have been paid and the amount entering your account
- Emailed reminder each week for expenses
- An experienced and helpful team at hand to answer any questions or queries
- Child care vouchers
- Group pension scheme
- Fully compliant with current legislation
- No risk from IR35
- Competitive weekly deduction
Very expensive service, not certain why there is a premium price on a standard umbrella service.
Quote Umbrella Compare code VAOVL when contacting Shield Contract Services.
Note: introductory offers and promotions run by Shield Contract Services are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Shield Contract Services. See our terms and conditions for more details.
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With 116 votes, Shield Contract Services has an average review score of 2.2.
2.2 / 5.0 [116 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.