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 all round value - above average service.
Since 2002 Maddison Group has been helping agencies and agency workers alike to maximise their income.
To date we work with over 350 UK agencies and payroll thousands of contractors through our schemes which cover a wide variety of industries and sectors.
From the Administrative team to Management, collectively, we have over 100 years experience in both the Recruitment Industry and Payroll Solutions. Priding ourselves on our experience, expertise and know-how, we're well positioned to help you.
We appreciate that every business is different - we can provide a bespoke payroll solution tailored to your agency's need.
Our products include Construction Industry Solution (CIS), Rail Industry Workers, Umbrella, Driving, Healthcare and EducationContact us on 0870 043 3797 for more information on how Maddison Group can help you maximise both yours and your workers income.UMBRELLA SCHEME
Maddison Group's Umbrella Scheme is an excellent payment route for persons who want some of the benefits a Limited Company route can offer but without the admin or statutory responsibilities.
With Maddison Group Umbrella Scheme you won't have to worry about IR35 or the Managed Service Company legislation and will retain statutory employment rights such as Holiday Pay, Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP).
With the support of payroll, credit control and customer support specialists, Maddison Group take care of all your invoicing, tax and NI management. You can be confident that, as a Maddison Group contractor, you will receive excellent net pay returns after tax and fees.
Maddison Group is a professional company who put customer service as their main focus. As a contractor using their umbrella company service you will be treated as a valued customer.
The price is mid-range while their service level is top of the range. Their website is clear to follow and the service they offer clear to understand.
On the telephone their team are both professional and friendly, explaining quite clearly everything a first-time contractor needs to know.
They have a portal where you can manage your account, and robust telephone support should you need it.
Quote Umbrella Compare code UGVMV when contacting Maddison Umbrella.
Note: introductory offers and promotions run by Maddison Umbrella are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Maddison Umbrella. See our terms and conditions for more details.
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With 22 votes, Maddison Umbrella has an average review score of 3.2.
3.2 / 5.0 [22 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.