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...]
Making Payment Simple
Whether you are a Business, a Temporary Worker, a Contractor, a Construction Worker or even an accountancy practice wishing to outsource your payroll, choosing which payroll service is best for you should never be complicated and thatís why we are here to help. We provide efficient and reliable solutions to anybody needing payroll services.
The payroll industry is experiencing unprecedented changes at the moment, with the introduction of RTI, the HMRC cracking down on tax evasion expense schemes, and continued increase in PAYE investigations to small businesses, individuals and freelancers and contractors. It has never been more important to make sure that your payroll company is up to date with all legislation and has in place the right technology and process to make keep you on the right side of the law.
Quote Umbrella Compare code PAYVI when contacting Payroll Village.
Note: introductory offers and promotions run by Payroll Village are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Payroll Village. See our terms and conditions for more details.
[2159 Page Views]
With 1 votes, Payroll Village has an average review score of 5.
5 / 5.0 [1 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.