Frequently Asked Questions (FAQs)
Here are answers to some questions you may have.
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What is an umbrella company?
Umbrella company gives its contractors, full employment rights, provides an alternative to having to set up a limited company, works as the middleman, between a contractor and the agent or end client. It can be a smart and flexible way to work, because you get all the perks of being employed, but flexibility of choosing when and whom to work for.
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What is IR35?IR35 refers to anti-Tax avoidance legislation that was designed to make sure that disguised employees, pay appropriate tax as those in similar employment.
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Limited company?
Contracting under a limited company, means that you’re solely responsible for everything, including your account, your taxes and your salary.You’ll also be responsible for opening a business account, registering a company and invoicing. Choosing a umbrella company, means you don’t have to worry about all these extra work and you get full employment rights.To speak to a qualified accountant about setting up a company, please contact us.
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Getting a mortgage?
It can be challenging to get a mortgage, so we will strive to help on a timely manner, when you need us to provide, employment documents to a financial institution.
- Is there a set up or leaving fee?
We charge no set up and leaving fee, there are also no hidden fees or schemes.
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How do I get paid, when working through Umbrella company?
Like most umbrella companies, you’ll get paid by electronic bank transfer(BACS).
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Do I have to complete a tax return when using an umbrella company?
Fortunately, you would not need to complete a tax return, when using an umbrella company. Unless you earn over £100,000, or you have additional income, from other sources.
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What if I work for more than one agency?
You’ll need to let us know and we’ll process your payment under one umbrella still
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How do I get registered with you?
Fill out our join us form or email and someone will be in touch quickly.
Do you Have More Questions?
Don’t worry, we know you might still have some unanswered questions, and so, we provided you with our contact form below.
Please feel free to get in touch with us using the contact form, and we shall get back to you with the answer(s) you seek soonest.