PAYE Umbrella Company
Whether you’re new to contracting or are an old hand, an umbrella company is an extremely simple option if you can’t face all the hassle, admin, tax issues and responsibility of running your own Ltd company.
An umbrella company is a normal limited company that acts as an employer on behalf of contingent workers (freelancers, independent contractors and consultants) who work on temporary contract assignments.
An umbrella company takes care of all the administration like invoicing timesheet processing, chasing and collecting funds from your agency and most importantly paying you after normal deductions.
Through our sister company Pocket Accounts LLP, we provide all the accountancy and tax advice needed in helping contractors operate through their own companies, including incorporation, IR35 assessment, payroll, VAT, year-end accounts preparation and reporting and also personal and company tax assessments.
Pocket Accounts aim to make accounting and taxation simple, using state of the art software to help with bookkeeping and managing day to day taxation, invoicing and expense capture. Whilst Pocket Accounts is a traditional accountancy firm offering personal advice and assistance we like our clients to be relaxed and happy in using our services
International Umbrella Company
The world is fast becoming a global village and as such many people now work abroad both in the EU and further afield in non-EU countries, this includes UK contractors.
International contracting can be extremely lucrative for UK contractors as many countries pay much higher contracting rates than UK rates, for example Germany, the Netherlands and Scandinavia.
It is quite usual for international companies not to allow contractors to use their UK Umbrella company or their UK based limited company and in these situations, the ideal solution is an international umbrella company.