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Contractor Supermarket - Contractor Umbrella Company Articles

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New to Contracting

 

jmk art 2.2

In a hurry? Don't have time to read the all the paperwork you've received from your umbrella company? Well, don't worry! JMK Group UK has compiled some handy articles all about umbrella companies.

Jmk Bullet 1010– Contract and temporary workers can quickly understand life as a contractor, umbrella companies and get ahead of the rest of the pack.

 

What Contractors Should Know When First using an Umbrella Company

Starting out as a contractor and deciding whether to use the services of an umbrella company or set up and manage your own limited company can be bewildering.

Excellium Umbrella has compiled some useful articles for first time contractors, which guides them through the key issues and explains everything a contractor needs to know about umbrella companies.

Introduction to an Umbrella Company

Understand the basics of an umbrella company. What an umbrella company does and how they do it. Excellium Umbrella guides contractors through the sometimes confusing world of contracting:

"How to approach an umbrella company, and everything you ever need to know about umbrella companies - but had no one to ask!" Excellium Umbrella helps contractors make contracting easy.

Umbrella Company - The Basics

Do you really know why some umbrella companies are better than others? And why do umbrella companies all seem to do things differently from one another?

- Industry leading authority on umbrella companies, and MD of Springboard Umbrella Company, Marcus Glover, explains what umbrella companies do and how contractors can get the most out of them.

- The following useful articles explain in clear & simple terms exactly what an umbrella company does, what to look out for and how not to pay over the odds!

- Springboard Umbrella Company is an independent business that takes the hassle out of contracting.

Springboard umbtella company.

Umbrella Company Paperwork

Details of the paperwork, and red-tape, a contractor will face when using an umbrella company. If you choose to set up and manage your own limited company, you will have far more administration to complete than if you  choose to use an umbrella company.

An umbrella company does all the paperwork for you, and takes care of all the hassles otherwise faced by a contractor.

Umbrella Company or Own Limited Company - What is Best for You?

There was a time when contractors would finish work for the day, then have to complete another few hours of work on the admin for their own limited company. HMRC complex forms, paperwork for their accountants and various other chores. Mind you, for some contractors it can be the better option.

Today, "Thank goodness!" contractors now have a choice.

Is an umbrella company the best option for you?

It's worth checking - just to make sure.

Here we investigate whether a contractor would be better off using an umbrella company or paying an accountant to start up their own limited company.

Umbrella Company Expenses

You may have heard about 'claiming expenses' from your umbrella company, it's difficult to avoid it in all the advertising & marketing of some umbrella companies!

What are 'business expenses' and what will HMRC allow a contractor to claim as a business expense? Make sure you stay the right side of the law and avoid any unpleasant tax investigation.

Umbrella Company FAQs

There's so much to pick up when you start out with an umbrella company including industry jargon & terminology. What does it all mean? Help!

If you're joining an umbrella company for the first time, there's a few things you'll need to understand. Don't panic, Excellium Umbrella has listed the top questions contractors have asked and answer them in plain English.

What Contractors Should Know about IR35

Have you heard about IR35? It's an important tax law which HMRC are hot on, and  all contractors. should understand. It will be one of the factors that determines whether you:

Manage your own limited company

Use the services of an umbrella company

It's worth knowing a little bit about IR35, even if you still use an umbrella company, instead of running your own limited company.

Glossary of Umbrella Company Terms

Does your umbrella company speak to you using strange industry jargon? Do you know what your umbrella company is talking about? Excellium Umbrella has compiled a handy guide called ‘Umbrella Company Jargon' which is a great glossary of umbrella company terms for all contractors who use an umbrella company.

Get it straight, be clear and don't be confused by your umbrella company. Excellium Umbrella respects their clients and don't use any jargon, only speaking in clear & plain English at all times.

Construction Industry Scheme (CIS)

In general terms, CIS is about how much tax has to be paid in the construction industry. HMRC have certain rules which must be adhered to by contractors and subcontractors.

Oriel Contractors are experts in this field and fully understand the complex legislation surrounding CIS.

Self Employed Contractors

In some circumstances an umbrella company, or own limited company, may not be the best option  for contractors. What about being a self employed contractor?

Peter Reddyhoff, UK Administrator of ICSL, the UK's leading experts for specialist advice & solutions for self employed contractors, explains, "Self employment offers contractors financial flexibility without the constraints of running a limited company."

Useful guides, articles and advice for contractors considering the self employed option.

ICSL

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