60 second Guide to an Umbrella Company

60" Guide To An Umbrella Company

Contractor Supermarket takes a look at UK umbrella company service and exactly how a contractor could benefit from using the services of an umbrella company.

If, like thousands of others, you're thinking about a life of contracting you'll need to use a limited company. of some description - and they come in different shapes & sizes.

Avoid Red-Tape

Some contractors decide to open & manage their own limited company but other contractors, the ones who don't like paperwork & red-tape, prefer to use the services of an umbrella company.

An umbrella company is nothing more than a ready-made & ready-to-go limited company which, in return for a modest monthly fee deducted from your gross earnings, you can use instead of submitting yourself to the pressures of managing your own one-man limited company.

Nail On The Head

One great benefit of an umbrella company is that there are absolutely no commitments - short or long term. You can use an umbrella company for a single day or for many years - and anything in between.

• The umbrella company service is specially designed for contractors to use just for the period of their contract.

• Unlike having your own limited company you only pay an umbrella company when you're working.

When you use the umbrella company facility you don't have any of the usual hassles of filling in paperwork or having to remember when to pay your bills.

Sophisticated Administration Service For Today's Contractor

• One contractor, currently on their fifth contract told Contractor Supermarket: "Why on earth would I want to fill in a load of complex and detailed forms every month when there are umbrella companies out there who will do it for me?"

The umbrella company service is the choice of today's professional contractor and they do what you hate to do - paperwork!