Fed up Managing your own Limited Company

Here we consider some of the reasons why a contractor may consider moving from managing their own limited company to using the services of an umbrella company:

Do umbrella companies benefit contractors? There are many reasons why a contractor will decide to close their own limited company and switch to using the services of an umbrella company. An umbrella company often handles contractors who make this switch, and the main reason tend to be because the contractor has had enough of:

1. All the paperwork that comes with running a limited company is overwhelming
2. Endless excel spreadsheets!
3. Dealing with HMRC (a major reason)
4. Raising invoices on time and in the right way
5. Keeping the limited company business bank account balanced
6. Filling in all the statutory limited company documents every month
7. Limited company compliance with ever changing HMRC rules & regulations

Is it all really worth it?

This is the big question a contractor faces when deciding if running their own limited company is worth all the bother. Some contractors may earn a few pounds extra each week, managing their own limited company, but is that enough to make the extra drain on time worthwhile?

Only the contractor can answer that, but the chances are it's not. So, why not consider relieving some of your stress, today, and find a top umbrella company to do all the work for you?

Why use an Umbrella Company?

Because you can forget the problems of running your own limited company, with an umbrella company there won't be any! A quick introduction to an umbrella company.

• Spreadsheets
• VAT
• PAYE
• Returns
• Company accounts
• Tax
• HMRC
• Companies House
• Expensive accountants

Using the umbrella company service allows the contractor to focus on their contract work, while the umbrella company does their administration & paperwork.

How to move from your Own Limited Company to an Umbrella Company

It is easy to make the swith to an umbrella company:

• Simply inform your current limited company accountant that you no longer wish to run your own limited company. Do this by email so everything is clear, and there's a record of your request on file. That's all you need to do - simple!

This is not a difficult task, then you're free to join an umbrella company and start enjoying life again! We'll help you find the best umbrella company and the best deal.