Employment Status

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...]

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Income Made Smart

IMS provides a comprehensive range of services

Income Made Smart, To be confirmed WWW: http://incomemadesmart.com/services/umbrella-company-services/ MAIL: enquiries@imsinteractive.com CALL: 0800 0807 467 - Quote Ref: LFQTT HOURS: Mon to Fri 9am - 5.30pm SCORE: 2.3 / 5.0 [8 Votes] FIND: To be confirmed

Introducing Income Made Smart

  1. It is flexible - work with the umbrella for as long as you contract
  2. No joining fees or tie-ins
  3. You only pay for umbrella services when you are working
  4. Moving from one contract to the next is not a problem
  5. Absolute peace-of-mind knowing you will be paid on time
  6. All your tax and NIC payments are always up to date
  7. Payroll is run everyday so you do not have to wait for your money
  8. No IR35 worries - IR35 is not applicable as full PAYE and NIC is deducted
  9. Higher take home pay - keep more of your hard-earned money

Umbrella Compare Review of Income Made Smart

Friendly on the phone and as helpful as you need. They seem to understand what a contractor needs and you're not made to feel like just a payroll number.

Fairly good website, easy to read.

Umbrella Compare Promotional Code for Income Made Smart

Quote Umbrella Compare code LFQTT when contacting Income Made Smart.

Note: introductory offers and promotions run by Income Made Smart are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Income Made Smart. See our terms and conditions for more details.

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Rating and Reviews of Income Made Smart

With 8 votes, Income Made Smart has an average review score of 2.3.

2.3 / 5.0 [8 Votes]

HMRC Compliance

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.