Best Umbrella Company

[KohonenSOM]

Hi

I'm currently with one of the umbrella companies that's just changed its payment regimen, meaning that they can hold on to my hard-earned for up to a week after they get it. Not satisfactory by any stretch of the imagination.

Does anyone have experience of an umbrella company that enables payment on receipt for a reasonable (not percentage based) fee?

Thanks

[bangface]

Hi

I'm currently with one of the umbrella companies that's just changed its payment regimen, meaning that they can hold on to my hard-earned for up to a week after they get it. Not satisfactory by any stretch of the imagination.

Does anyone have experience of an umbrella company that enables payment on receipt for a reasonable (not percentage based) fee?

Thanks

There are plenty to choose from, try googling 'umbrella company' Prices range anything from £10 - £30+ per week for a fully inclusive service... I think they all offer pretty much the same service, so I would personally go with the cheapest one or one that came from recommendation of a colleague or friend providing they weren't asking rip off prices...

[MarkOD]

Not trying to look like a spammer but Parasol and No Longer Limited Contractor umbrella are pretty cheap and service not bad from what my colleagues say. As with always it depends on what you want

HTH

[Foresight One]

Foresight One

Dear all

There are still compliant solutions out there for contractors working in the UK. If you are serious about looking for an advisor then please contact me by PM ([email protected]) and I would be happy to discuss various solutions based on your circumstances.

[malvolio]

Or you go with PCG's QU offering and know you are in safe hands...


Meanwhile - Foresight, what are you claiming to be complaint with? And be careful how you answer...

[Foresight One]

Foresight One

I appreciate that some or most of you will probably think we are new boys on the block, but we’re not.

We have been operating in the contracting industry for over 15 years now with both UK and overseas based contracts.

The company is administered by a firm of Chartered Accountants and this guarantees not only compliance but the necessary skills to provide a comprehensive quality service.

We have and are currently dealing with most of the major contracting agencies both in the UK and abroad.

Our companies will be fully compliant and tax and NI will be deducted as the contractors will be treated as employees. All relevant documentation PAYE documentation will be taken care of (P60’s, P45’s etc)

I appreciate that this service will not appeal to those who can administer their own companies where there are still significant advantages in voting a large dividend and paying little or no NI.

However the service we are offering is for those not confident in administering their own company and all that comes with the responsibilities of being a director (accounts preparation, tax computation and submission, VAT registration and submission, statutory Annual Return filing, PAYE registration, monthly and annual PAYE returns etc etc)

The penalties for non submission or incorrect submission of the above are severe and Government agency returns can sometime be technically difficult, this is why accountants such as us spend years obtaining qualified status and maintaining our qualification with regular updates.

The other reason we are providing this service is for those who may feel they are competent in running their own company but would prefer to concentrate on what they do well, i.e. their own contract work!

As you will gather from the above this service is very similar to most on the market so why should you choose us? We do not charge a fee, not a bean! The service and set up is free. Why? Well we earn a significant amount of interest holding Government monies in our bank account, but we invariably pay our contractors same day. There are no hidden extras, but many contractors engage us to provide additional services, e.g. consultancy, estate planning, holiday home ownership etc. etc.

As I have mentioned previously, if you would like further information or reassurance in connection with our services then please e-mail me on [email protected].

[malvolio]

Nice answer, good USP. Almost a shame I don't need you...

[Money Money Money]

Nice answer, good USP. Almost a shame I don't need you...

Shame its in every post though!

[bangface]

Our companies will be fully compliant and tax and NI will be deducted as the contractors will be treated as employees. All relevant documentation PAYE documentation will be taken care of (P60’s, P45’s etc)

You say your companies will be fully compliant, by that statement I take it they are not fully compliant now then or they aren't set up yet?