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...]
Pricey but effective.
Tarpon's umbrella company solution provides contractors and freelancers with their very own business manager, to make sure contractors get paid on time and remove all the paperwork associated with contracting.
Tarpon has a market leading expenses policy, which enables contractors to offset all business expenses such as travel, accommodation, meals and work equipment, allowing them to take home a tax efficient income. Contractors working through Tarpon also benefit from employee status, £20m professional insurance cover, HMRC and IR35 compliance, £100 service guarantee and access to a range of salary sacrifice schemes.
Tarpon is an umbrella company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice.
We will claim up to 100% of your expenses back for you. And we will provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding. We're Tarpon, an umbrella company specialising in contractor tax efficiency. We provide an indispensable array of services for contractors; not least of which is our payroll facility.
We have hundreds of clients and we're renowned for our expertise. We've even negotiated terms directly with HM Revenue and Customs.
Here are just some of the benefits our members enjoy:
Covering your breakfast, lunch and evening meal, that works out at £5,760 a year. If away from home on business, you can claim up to £18 a night for food and drink. Even if you′re staying with friends rather than at a hotel, you′ll get £25 a night for accommodation and food. And it′s all HM Revenue and Customs-approved.
Tarpon are excellent at communicating with those new to contracting, and explain the overall picture with great effectiveness. Independent and proud of the fact.
Confident and knowledgeable. Their website is readable and makes sense to a newcomer.
Very expensive for an umbrella company service.
Quote Umbrella Compare code AGFKH when contacting Tarpon.
Note: introductory offers and promotions run by Tarpon are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Tarpon. See our terms and conditions for more details.
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With 21 votes, Tarpon has an average review score of 2.7.
2.7 / 5.0 [21 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.