|
Umbrella Companies ...
How it works
An umbrella company allows contractors to gain a contract without needing to create and operate their own limited company.
An umbrella company provides the same legal and tax structure as having your own limited company except that instead of owning the company outright you will share ownership or benefits with other contractors in a similar position. You don't have to know or meet the other contractors since your financial affairs are effectively run as a division of the umbrella company.
Your services will be provided to your client/agency through the umbrella company.
You can continue to use the umbrella company when you change contract or restart after a period of not contracting.
It's strictly a pay as you go system, no work equals no fees. There are no hidden costs and no 'tie-ins'
At the end of each week you will advise both us and your agency of hours worked and rates payable and we shall raise invoices on your behalf.
As soon as we have received settlement of your invoice we shall initiate a transfer of funds into your personal bank account.
Funds will therefore be received in your account 3 working days later. There is no need to run a separate business account, we do this for you.
With a range of packages, the umbrella is a simple solution giving you greater flexibility.
Benefits
Operating under an umbrella company allows you to increase your disposable income and remove the administrative burden. Using an umbrella company can make you more tax efficient, and therefore increase your take-home pay.
Many agencies will give you the option of using the services of an umbrella company. One reason for this may be because they do not have their own PAYE payroll system, so they will outsource their payroll needs to companies like us. Another reason is that you have the potential to make more money using this payment option. Using an umbrella company can make you more tax efficient, and therefore increase your take-home pay.
Our Charges
There are no set-up fees, no close down fees or minimum tie-ins. We are here as a solution for you to use as often as you require. If you do not work for a week, there is no charge.
Our fees are fixed at 4.5% up to a maximum of £25.
Other Services:
|
