D1 Introduction to an Umbrella Company

The umbrella company service is specifically designed to remove the administration & paperwork from the contractor. An umbrella company helps the contractor by dealing with all the red-tape & hassles usually associated with having to set up and manage your own private limited contractor.

Check to see if an umbrella company is the right option for you.

Choices

Contractors, consultants and freelancers enjoy a lifestyle and sense of freedom that comes with being your own boss. Choosing how to trade as a contractor is an important part of freelancing, and the choice comes down to either setting up & managing your own limited company or using the umbrella company service.

Stress-Lite

While there are some contractors who enjoy doing the paperwork, handling HMRC and keeping correct records, many opt for the less stressful option of an umbrella company to do all that for them. Having to manage your own limited company is something they did in the olden days!

Take-Home Pay

Permanent employees don't have the decisions that contractors face with tax implications having a bearing on how much they take-home each month. It is normal practice for contractors who use an umbrella company to off-set some of their tax liabilities through claiming legitimate business expenses.

Off-the-Shelf

A key benefit of the umbrella company service is offering you a ready-made limited company through which you can be a contractor, and there's no charge for the times you are not contracting.

Why Worry?

Let the umbrella company do the worrying! Let the umbrella company:

• Process your timesheets
• Understand business expenses
• Raise invoices to the agency
• Handle credit control
• Calculate tax & National Insurance
• Collect payments from the recruitment agency or end client
• Handle legal contracts
• Do the filing
• Stay up to date with HMRC legislation

When you register with an umbrella company you become an employee of that umbrella company, but keep the flexibility to find and choose youur own work.

An umbrella company is designed around the needs of today's contractor who has better things to do than sit in front of a PC and struggle with spreadsheets, forms & red-tape.

Additional information:

• 60 second Guide to an Umbrella Company
• Finding The Best Umbrella Company for You
• Have You Considered an Umbrella Company
• HMRC Umbrella Companies
• How Much Should you Pay for an Umbrella Company
• How to Choose an Umbrella Company
• Is using an Umbrella Company your Best Option
• Some of the Benefits of Working Through an Umbrella Company
• Umbrella Companies Are they worth it
• Umbrella Companies and HMRC
• Umbrella Companies are Made for Contractors
• Umbrella Company Contracts
• Umbrella Company or Limited Company
• What are the Benefits of Working Through an Umbrella Company
• What Does an umbrella Company do for Me
• Why would a Contractor consider using an Umbrella Company