An umbrella company works as an intermediary between you and the company you contract for. You are employed by the umbrella company and the umbrella company handles all of the legal paperwork and your accounting administration.
Umbrella Using an umbrella company simply means we remove the hassle and the responsibility of running your own limited company along with the legislative nightmare of being self-employed.
If you are new to self-employment or have been a contractor who has worked with clients, IR35 is an important aspect of your working life that must be considered carefully to ensure you meet the HMRC definition of self-employment. IR35 is the tax and National Insurance legislation that could apply if you are working through […]
As part of Budget 2007, legislation was introduced relating to Managed Service Companies (MSCs). The consequence of this legislation is that MSCs treat all payments received by workers providing their services through such companies as income subject to PAYE and Class 1 National Insurance. Section 688A, Part 11 ITEPA also introduced transfer of debt provisions […]