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Every company we work with boasts a proven record of compliance with HMRC legislation and has been exclusively selected for their reputability within the market place.
With the implementation of IR35 in the Private Sector affecting many, there are many umbrella companies out there but which one is best for you or your candidate?
We can help you find your best payroll option without wasting valuable time searching and comparing online.
Deciding which company to choose or recommend to provide payroll services, umbrella employment, limited company setup, accounting or contractor mortgages can be a huge headache. Let us do the legwork for you!
Our objective is to find you the most appropriate administrative platform that will not only exceed your expectations in terms of customer service but will also give you peace of mind with regards to compliance. We work with a variety of companies who can provide options to assist with contractors’ roles.
We work with a range of contractors in both the public and private sectors across a range of industries.
We have nearly 10 years’ experience of working with contractors, recruiters, and umbrella companies, and have built long-lasting relationships with various companies who can offer a high standard of service at competitive rates.
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IR35 is another term for the ‘off-payroll working rules’ and is a tax legislation which was designed to combat tax avoidance or ‘disguised employment’. It is designed to make sure that workers, who would have been an employee if providing their services directly to the client, pay the same tax and NI contributions as employees. From April 6, 2021, the end client or hirer is held responsible for determining if the rules apply to a candidate.
An umbrella company acts as an ‘intermediary’ and becomes the employer.
A candidate completes work for the end hirer often via a recruitment agency. The agency processes a timesheet when received and sends payment to the umbrella company.
The umbrella company will then deduct a fee or margin and calculate Employers NIERS and any other deductions before processing the salary payment with tax and NI deductions plus any pensions or student loans. They will then produce a payslip (usually electronic) and report this information to HMRC.
Being an employee of an umbrella gives a contractor the freedom to work for various agencies under one employer, be entitled to employee benefits such as Statutory Sick Pay, Maternity/Paternity Pay and Holiday Pay.
Contractor tired of comparing Umbrella Companies? Rather than waste your time with cheap affiliate sites why not speak with a pro today to find the best payroll option…