Umbrella Company and Admin

Being new to contracting you may be a bit dazzled by everything that's going on. But landing the contract is just the start.

Now comes the paperwork. If you haven't already been told you'll soon find out that however good you are at "widget development ++", engineering or teaching you won't be welcome on your client's site without setting yourself up as a limited company first.

Setting up your own company can be time consuming and complicated. You'll have to be competent with spreadsheets, good at form filling (there's a load of that) and able to understand what the guy at HMRC is talking about - because if you don't all your money will be spent on fines.

Have a Life

Who on earth wants to spend all day at work then come home and sit in front of your PC slaving away at statutory administration? No, you probably want a life.

Well, don't worry, you have an alternative choice which is painless, effective and very reasonable in cost. It's called an umbrella company.

Using the services of an umbrella company is like eating out at a restaurant instead of cooking yourself!

No slaving over bubbling pots & pans, timing all the food to be ready at the same time then having to do the washing up. In between which you're keeping your fellow diners supplied with drinks and condiments. No, you walk into the restaurant, order, eat and leave.

Had Enough Hassle?

Registering with an umbrella company means you pass all your administration to someone else. Set up your own limited company and you'll have to:

• Register your company at Companies House
• Complete Annual Returns to update Companies House, this requires an annual fee.
• Tell HMRC if the Company has any profits or taxable income in a Company year.
• Complete an annual corporation tax return and pay the taxes within a set time.
• Form 10
• Form 12
• VAT
• PAYE
• Corporation Tax
• Memorandum & Articles of Association and Articles of Association
• Spreadsheets
• Accounting software
• Bookkeeping to HMRC standards

And that's just to set yourself up!

Fast, Simple & Eficient

On the other hand, registering with an umbrella company takes just minutes, is cheaper and all the work is done for you.

Umbrella companies are designed to make the life of a contractor as simple and stress free as possible. A team of dedicated & trained staff all geared up to handle every aspect of a contractor's administration for them.

Umbrella companies are the future of contracting: fast, simple and extremely efficient.

 1. What is contracting and how can I become a contractor?
 2. You've got the contract, what now?
 3. What is an umbrella company?
 4. Umbrella company myths
 5. Umbrella company FAQs
 6. Umbrella company paperwork
 7. Umbrella company expenses
 8. Calling an umbrella company
 9. 10 questions to ask your umbrella company
10. IR35
11. Paying Employer's National Insurance
12. Choosing an umbrella company
13. Umbrella company alternatives