Hello all,
Very new to this and the contractor environment, I work freelance via an agency was approached by a few umbrella companies, one being Extra, and what appears to be a subsidiary, Winchester (?). After researching, and using this forum as a really useful source of info, I understand they base there payment structure around loans in order to avoid paying 100% tax or at least less, which sounds more than a bit dodge. So I sacked that idea and went looking around including the AUCAE consortium.
I looked at their advice and I made a decision to go with a company who are able to offer more money, as they operate in a slightly different way to others umbrella companies as well as providing accounting for limited companies etc.
I was advised at the time of joining that the AUCAE is a monopoly of umbrella companies that are pretty fixed and rigid in terms of the way they represent their contractors.
Would anyone have any advice? As to be fair, I cant be bothered with the uncertainty and worry that I may be liable for doing something wrong, after what i consider to be a fair amount of due diligence researching etc, and may end up just setting up my own ltd company with an accountant to avoid the nonsense etc.
Also is there ANY objective sites, forums etc that offer impartial reviews of umbrella companies? As each area I've researched is either clearly set up for a group of companies’ advertisement purposes or a collective group of companies with a different set of agendas.
Many thanks.
Very new to this and the contractor environment, I work freelance via an agency was approached by a few umbrella companies, one being Extra, and what appears to be a subsidiary, Winchester (?). After researching, and using this forum as a really useful source of info, I understand they base there payment structure around loans in order to avoid paying 100% tax or at least less, which sounds more than a bit dodge. So I sacked that idea and went looking around including the AUCAE consortium.
I looked at their advice and I made a decision to go with a company who are able to offer more money, as they operate in a slightly different way to others umbrella companies as well as providing accounting for limited companies etc.
I was advised at the time of joining that the AUCAE is a monopoly of umbrella companies that are pretty fixed and rigid in terms of the way they represent their contractors.
Would anyone have any advice? As to be fair, I cant be bothered with the uncertainty and worry that I may be liable for doing something wrong, after what i consider to be a fair amount of due diligence researching etc, and may end up just setting up my own ltd company with an accountant to avoid the nonsense etc.
Also is there ANY objective sites, forums etc that offer impartial reviews of umbrella companies? As each area I've researched is either clearly set up for a group of companies’ advertisement purposes or a collective group of companies with a different set of agendas.
Many thanks.
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