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...]
Umbrella Compare is the most comprehensive Umbrella Company and Limited Company Accountant comparison site in the UK. Our aim is to provide a holistic information and comparison site for contractors. In simple terms, we provide information and services to allow contractors to make informed decisions on how they set up and manage their accounting and payroll systems.
We complete a thorough vetting procedure on all umbrella companies listed so that you can have confidence and piece of mind when selecting an umbrella company. Have you tried our umbrella company comparison calculator yet? Access a personal umbrella company salary illustration and compare leading HMRC compliant umbrella companies.
The following umbrella companies have been approved for listing on Umbrella Compare
3 / 5.0
Contractors Umbrella Company
A great umbrella service because they make it so simple to use and don't charge a silly price. These days it's not always easy to speak on the phone, so it's a relief to get a choice.
You can use your smart phone, go online or by text - choice is good!
They are enthusiastic, professional and easy to deal with. They're switched on to the fact that contractors don't find 'paperwork' very interesting.
2.5 / 5.0
Straightforward umbrella company service. They offer some bonus scheme, but really all you really want is a good processing company.
2.3 / 5.0
GoUmbrella have a good website loaded with information and plenty of ways to interact with them.
They are HMRC audited and have a clean bill of health - so their growing contractor base is safe in the knowledge that all contracting affairs are being handled in accordance with current laws and guidelines. Good levels of insurances are included and will suffice for most contractors, plus you get access to a tax deductible pension scheme and discounts on private health care.
Their website is fresh and bright with plenty of information for the newcomer. Their writing style is easy to understand and you'll quickly get a feel for how dynamic this company really is. There are a number of extra services thrown in for the standard price and you can control all your account details via the online support system which also includes live assistance.
3.2 / 5.0
The iBalance website is neat and clear with a professional feel to it and talking to their new registration team is easy; well trained and absolutely looking after your best interests.
They have great value pricing and a service to match.
iBalance are currently offering these incentives to contractors using their umbrella company service:
2.5 / 5.0
ICS: Contractor Accountancy and Payroll
Independent Contractor Services (ICS) are offering a conventional PAYE umbrella company service to contractors.
You will benefit from clear and jargon free advice, with a straightforward set up process. Each client has their own dedicated Account Manager who's there to help you with any queries or questions.
2.5 / 5.0
Payerise provide a comprehensive payroll and accounting solution for contractors. With well-established agency networks and history of delivering successful solutions, their umbrella company is a good choice for most contractors.
Payerise run a professional operation with strong KPI's that drive their internal staff, systems and processes to provide the best possible solution to their contractors. With a very strong vetting return Payerise are a well worth a review when choosing your umbrella company solution.
A well-deserved 'Umbrella Compare Top 10 achiever'.
2.7 / 5.0
Good levels of insurances should cover most contracts, nice little extras for free - like same day money transfers to your bank account and really attractive prices make RedEgo one umbrella company that might be worth a call.
Friendly helpful staff make your enquiry simple enough, and they explain their services in clear simple terms plus they have a good solid grasp of current complex legislation that affects you as a contractor.
Their website is quite dynamic and fun to explore. You can register online or call them up to speak to a human, whatever method takes your fancy.
They provide a benefits calculator to give you an idea of what you may expect, together with various discounts on even more little extras such as healthcare and Child Care Vouchers.
3 / 5.0
Tempo UmbrellaA slick operation with technology at heart. Access a superb suite of tools that will simplify your day-to-day accounts and payroll.
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.