All about umbrella companies.
In recent months we have seen more and more enquiries from contractors looking to work via an umbrella company, and querying why we cannot offer them a higher take home :tired – so I thought I would put this small guide together to help you understand what might be going on…
So first of all...
Public sector contract - considering a brolly but would like to choose what's included.
I've decided to repost this following a couple of sad posts regarding HMRC Enquiries on umbrellas that were not what they seemed.
As the latest umbrella company (Compusource) hits the buffers with contractor's money, I thought I'd remind people what 'due diligence' is all about.
There have been so many questions by new contractors about umbrella companies and the way that they work that I thought I would put together a help guide. Hopefully it will answer most of the questions that crop up:
All umbrella companies will process your payments through PAYE (Pay As You Earn)...
We have had a great deal of enquiries lately about umbrella companies 'expenses policies' changing so I thought I would offer a little clarification.
Umbrella companies do not really have an 'expenses policy' as they can only process those expenses that will be allowed under HMR&C guidelines,...
We are asked about umbrella company dispensations almost every day so I thought I would add something here to try and help clarify the situation.
All umbrella companies have dispensations - if we didn't we would spend all our time filling in forms for the Inland Revenue :( ...
Can't help but notice that there are many posts on here that ask the same question - should I use an umbrella or my own Ltd Company. Thought it might be useful to summarise once and for all the pros and cons of each method and how much you would be likely to take home. Might save...
Does anyone know if there are any threads on Darwin as an umbrella firm? Or has anyone heard anything about them?
Hi all, I am (or was??) with an umbrella company called Compusource. I was getting a bit worried in November because they seemed to take ages to respond to queries, return my call or even pay me! I even asked them if everything was ok because I was worried they were going out of business, but they...
Am wondering whether anyone has any advice, I'm currently 18+ weeks pregnant and employed through an agency but paid via an umbrella company. I have been with my agency for the last 3 years on a long term contract within the same establishment. Recently I let my Agency Rep know I was...
Long story short, been contracting around Europe & Uk for last 15 years, had been in Germany 12 months ago, & now have a contract in Uk with a Dutch/Belgium company ( who are not the problem) i have 2 agencies involved as the initial agency outsourced so now the initial company hold my...
Can anyone tell me if I can demand money back from a umbrella company, they never told me when signing up id be paying 'employment costs' after robbing most of my wage they tell me they charge 13.8 % and this is made up of employers NI and rest is for holiday/sick pay etc etc however...
I've been asking around to find out which are the best umbrella companies and someone has recommended Paycheck Services Limited, has anyone had any first hand experience with them such as good custimer service, on time payments etc?
I'm a first-time contractor still getting to grips with various aspects of contracting (although The Contractors Handbook is very useful!). Although I'm fairly clear that generally speaking, forming a Ltd Co would be more financially advantageous than working through an Umbrella Company, I'm...
You may not get your money back, but this could be one way to get satisfaction.
(If you think that you might get your money back, wait until it's in your account and then finger them.)
Hope someone can help as I'm at a loss.
I'm a social worker contracting for a local authority. My day rate is currently £175 but about to go up to £198.
I'm currently using paystream as I was signed up by the guys who got me the role.
Having looked at my payslips I seem to be...
Can someone tell me if the new Employees allowance starting on the 6th April applies to me? I work through an umbrella company and pay Employees Insurance on a weekly basis. As I am classed as being an employee for the umbrella company would be eligible for the £2000 per year reduction?
Long time member, little time poster. I've been sparingly reading the pros & cons of umbrella corps. and see that there are some passionate advocates from both camps. It's great to read both sides. Legally however, I'm still confused as to the liabilities. I've been with them for a while...
I'm female and thinking about what the consequences of getting pregnant would be on my finances (amongst other things!).
I get paid through an umbrella company so I am classed as an employee of the umbrella company and therefore I'm eligible for statutory maternity pay through them. I've...
w ww.vivacontracts.com/umbrella-company-1.php - Umbrella Company Alternative - Viva Contracts
"Take home up to 90% from contracts, compared to 52% with an Umbrella Company"
It's no wonder people are drawn to these dodgy schemes.
newbie contractor here.
I'm currently have contract through umbrella. Agency started delaying payment, result of that for February I will be payed in the middle of April. Because I had low income this year, I need this payment on this financial year, because of lower income tax....
I am a mum of young children and after many years of working for big companies, I have decided that might not be the best option for me.
I am looking to work from home and have found a couple of consulting firms who are happy to give me work I can do from home on an adhoc basis.
Potentially going from a FTC to umbrella and was wondering peoples experience on claiming tax credits.
As I already get CTC I am assuming if 1 get x per day that Tax Credits will take the earned incoming before expenses/umbrella deductions ect?
I am currently winding up a business that went bust. It's taking longer than I had hoped due to a number of factors. But I need to get an income sorted. I've been offered some work contracting and I'm not sure the best way to start off. The contract I'm considering is temporary and...
I have recently started working as a contractor and have been given an umbrella company as my employer. My tax code is a cumulative tax code but I'm being taxed too high. My basic pay is £600 (15per hr x 40 hrs) a week but for 2 months I will be receiving £720 a week, I was taxed 225 one week and...
I want to work remotely for an American IT company but be paid through a British Company. Can an umbrella company do for me this? Know of any?
This thread has way more details on my situation - http://forums.contractoruk.com/accounting-legal/95820-dual-citizen-who-works-remotely.html - but here...
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