Hi All,
After being made redundant a month ago I have just taken my first contract back at the company that made me redundant! As I am new to contracting I am looking to set up an umbrella arrangement for a couple of months while I get myself settled in the contract with a view to setting up as a Ltd and securing another couple of contracts.
I have contacted a number of umbrellas such as GIANT, LibertyBishop, Parasol and contractorumbrella.com - all of which offer a very similar service with a slight variation in charges and benefits. I have also stumbled across an umbrella style company called Consultant Technologies, they seem to have an innovative business model that means a contractor will see a lot more of their hard earned cash in their take-home while still being IR35 compliant AND paying the tax and NI.
Question is - has anyone used Consultant Technologies? is the method above board and legal? would I opening myself up for any kind of liability from the company or IR?
After being made redundant a month ago I have just taken my first contract back at the company that made me redundant! As I am new to contracting I am looking to set up an umbrella arrangement for a couple of months while I get myself settled in the contract with a view to setting up as a Ltd and securing another couple of contracts.
I have contacted a number of umbrellas such as GIANT, LibertyBishop, Parasol and contractorumbrella.com - all of which offer a very similar service with a slight variation in charges and benefits. I have also stumbled across an umbrella style company called Consultant Technologies, they seem to have an innovative business model that means a contractor will see a lot more of their hard earned cash in their take-home while still being IR35 compliant AND paying the tax and NI.
Question is - has anyone used Consultant Technologies? is the method above board and legal? would I opening myself up for any kind of liability from the company or IR?
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