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Possibly an obviously stupid question but asking it anyway as I have only contracted through an umbrella company once and that was inside IR35. As going Umbrella means being taxed as an employee, would deductions be exactly the same if the contract were Outside IR35 and day rate was the same...
Hi, new to the forum and the contracting/umbrella world so apologies if this is the wrong section.
I have recently become an employee for an umbrella company. The job that I am undertaking requires computer equipment (laptop) but I do not have one personally and currently just borrowing one. Is...
Is it possible to apply for a rental property working as a contractor employed by an umbrella company with only 4 months left on a current client contract? Would the only option be to provide a guarantor or are there alternatives? Has anyone else been successful on doing so? I expect this would...
Hi All
I have received a very worrisome letter from HMRC Early intervention team with headline
Context:
I used an umbrella company for the first time and on recommendation from my recruitment agency I chose UmbrellaWorx Ltd.
As I was checking my payslips (weekly), I found something amiss (...
I need some advice. I received and accepted an offer on my property which I've had for 9 years last Friday. Found the perfect property to buy last Wednesday and put an offer on it. Called Nationwide to discuss porting my existing mortgage and went through the DIP process. I was granted a DIP for...
Help!
I've received an email from the Director of my old Umbrella Company stating that they have gone into liquidation. To put things frankly it was a dodgy umbrella company which used a salary advance as an additional payment. I left as soon as I realised the error of my ways and I am in the...
I apologise if this is being discussed elsewhere - I have searched the forums and can't find anything but may have missed it.
I am fairly new to the UK and VERY new to umbrella companies and IR35. Currently with an umbrella company on an inside IR35 contract for which I was recruited by an...
I am trying to understand the contracting concept. In my limited understanding, these are the options available to work as IT consultant.
I was trying to look for the pros and cons of each of these and not able to get a clear details. I am trying to join back to work after a career break and...
Hello,
I have been offered by an agency a Scottish public sector contract inside IR35. I am new to the UK and had never heard of inside or outside IR35, or umbrella companies, until I was offered this role. I was simply asked my day rate (based on my experience as a sole trader responsible for...
Hello,
I'm still quite new to the UK and have just taken on a six-month contract that I am told falls inside IR35 and that I will need to go through an umbrella company to get paid. Having freelanced in Australia as the equivalent of a sole-trader for much of my career, all of this is quite...
Hi all
My son just started work in the construction industry. He worked 28 hours in his first week, Monday to Wednesday and submitted his time sheets to his agency accordingly. He was made to register with an umbrella company called Impact.
Anyways, they did not pay him at all initially, and...
Hi,
I'm an Australian moving to London in a week's time on a Tier 5 Youth Mobility Visa and this is my first time contracting.
I have been contacted by My OE re setting up contractor management services with them and to have an initial chat once I arrive which was where I discovered that I...
Advice on using an umbrella company for first time (& query about why contract with u
I have been offered a contract with a university client.
I was told that the contract would fall under IR35 and they would try to get me a higher gross rate to cover the difference (normally I run contracts...
Hi all.
I just wanted to share my experience with Parasol. If you are thinking of using them, my one piece of advice to you is: don't. Find a different umbrella, or go Limited.
I did some work with them for a two month contract (or thereabouts) a few months ago, and inputted my time sheets...
Hi!
I recently started using an umbrella company for the first time since I am freelancing for a short period only.
I only realised 3 pay slips in that I had been paying employer and employee NI but no tax. The contract my agency set up with the umbrella company specifically says they are...
Hi, as far as I understand it for a contractor with a ltd company to work in the channel islands they need to apply for a company work registration - it costs money and takes time. Are their already registered umbrella companies they can go through to quickly work in the channel islands. Anyone??
Hi,
I have read all sorts of info / forums on the pros and cons of Umbrella companies vs Limited Companies.
I thought I would be "clever" and create a limited company. I've haven't traded yet. Now I'm it looks likely that I will have between 2 to 3 months work at £150 gross a day.
I thought...
Hi would appreciate some advice on the following matter which is creating a fair amount of stress.
For the past 2 x years I had been contracting using an umbrella company (Parasol). Because of the 24-month rule I considered the possibility of setting up my own Limited Company, and actually did...
Hi All,
I am thinking about moving from a consultancy role I do (perm employed), to possibly going into Contracting. I see it as a similar thing in that I work with Clients for the duration of a project (few months) before moving onto the next. The difference being that I get to be my own boss...