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...]
Reasonably priced and a quick service
LesterPay is an umbrella payroll service that provides a back to back system of salary payment. Back to back means that we process your payroll and transfer your net income on the same day as we receive payment from your recruitment agency or client.
LesterPay offers you your own dedicated account manager, an online portal for submitting and viewing timesheets, and an unbeatable level of service.
What's your opinion? Give us your feedback on Lester umbrella company.
Lester Sybersolve have been in the industry for many years. Their expenses policy is very generous - you've just got to make sure you can justify your business claims if asked by the tax man. The explanation of their services is quite brief but acceptable. Not every contractor wants to know everything that's going on behind the scenes! Their website is easy to follow and has enough information for the first timer. They do not operate a portal system which means you'll need to fax or post your timesheets every week - but that's not a great hardship.
Quote Umbrella Compare code OULTO when contacting Lesters incorporating Sybersolve Solutions Limied.
Note: introductory offers and promotions run by Lesters incorporating Sybersolve Solutions Limied are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Lesters incorporating Sybersolve Solutions Limied. See our terms and conditions for more details.
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With 70 votes, Lesters incorporating Sybersolve Solutions Limied has an average review score of 4.2.
4.2 / 5.0 [70 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.