Umbrella for ad hoc work..

[BobbinAlong]

I've got the same problem - taking a fixed term contract on payroll so wanting to close my Ltd but wanting to support previous client preferably via umbrella.
The support wouldn't earn enough to keep paying the accountants monthly and I don't really fancy doing all the limited company paperwork myself.

The Ltd is registered at the accountants address too, is that easy to change and what are the implications of basically sacking my accountants (after they've done my just finished year end preferably)??

Company bank account is fairly low too - enough to meet corp tax, vat and accountants fees but little spare.

[Royston1664]

Same for me, just about to finish contract in March, then there is scope for a "couple of days here and there" with same client, sprinkled into my retirement plan.

I'm erring towards keeping the Ltd open and working as a "deemed" contractor through my limited, as with the umbrella fees it wont be worth working a couple of days a month only, even if they let me do this!

There seems to be a few of us in the same boat on this one!

[rootsnall]

Same for me, just about to finish contract in March, then there is scope for a "couple of days here and there" with same client, sprinkled into my retirement plan.

I'm erring towards keeping the Ltd open and working as a "deemed" contractor through my limited, as with the umbrella fees it wont be worth working a couple of days a month only, even if they let me do this!

There seems to be a few of us in the same boat on this one!

I would have thought an umbrella would be perfect for that. On weekly umbrella billing you'd only get charged when you worked rather than having the set cost of annual accountancy fees. I shut my Ltd and work through a £10 a week umbrella, so if I work 15 weeks this year it'll cost me £150.

[Royston1664]

Ah that's interesting, most of the posts at the start of this thread say this is not possible as "this is the most complicated thing an umbrella company can do"

Which umbrella company do you use if you don't mind me asking.

This would also mean I can MVL and get my funds out so would be perfect.

[Royston1664]

Do they let you just dip in and out every week you choose, not want their money every week regardless?

[eek]

I would have thought an umbrella would be perfect for that. On weekly umbrella billing you'd only get charged when you worked rather than having the set cost of annual accountancy fees. I shut my Ltd and work through a £10 a week umbrella, so if I work 15 weeks this year it'll cost me £150.

How would the umbrella get around this issue?

It's all down to the 336 hours we have to guarantee in any annual period, which equates to around 1 day per week.

See Umbrella factsheet 2018.19 FINAL.pdf (litrg.org.uk) for details

[rootsnall]

Do they let you just dip in and out every week you choose, not want their money every week regardless?

TBH I have worked most weeks even though that wasn't my intention. But on weeks I haven't billed then yes no charge. I was with Liberty Bishop, and then got transferred to JSA, I assume they bought them.

[rootsnall]

How would the umbrella get around this issue?



See Umbrella factsheet 2018.19 FINAL.pdf (litrg.org.uk) for details

Dunno. Not something I was aware of. I guess the poster needs to ring and ask a few umbrellas.

I just re-read the full thread, I have worked enough to meet the criteria but it wasn't raised with me in advance. Maybe they would have flagged it up if I didn't appear to be working that much.

[Paralytic]

I would have thought an umbrella would be perfect for that. On weekly umbrella billing you'd only get charged when you worked rather than having the set cost of annual accountancy fees. I shut my Ltd and work through a £10 a week umbrella, so if I work 15 weeks this year it'll cost me £150.

You're making a huge assumption that an umbrella would employee someone (and have to pay them minimum wage) on the back of a contract consisting of a "couple of days here and there".

[rootsnall]

You're making a huge assumption that an umbrella would employee someone (and have to pay them minimum wage) on the back of a contract consisting of a "couple of days here and there".

How would any umbrella know in advance how much work there is going to be ? I would describe my intended work pattern as 'a few days here and there' but I've never known a contract that actually turns out that way.