Why use an Umbrella Company if you are a contract worker?

NET 85% OF YOUR INCOME: http://www.tarpon-uk.com/contractor-salary-calculator/


Tel: 0845 643 1580


This is a presentation to show the benefits of using an umbrella company.

For a free salary calculataion please visit http://www.tarpon-uk.com/salary_calculator/index.aspx

Tarpon is an employment benefits company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice. We'll claim up to 100% of your expenses back for you. And we'll provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding.

I need a payroll solution...
As a contractor looking for a payroll solution, there are primarily three choices:

- form your own limited company,
- go PAYE with the agency, or
- use the services of an umbrella company.

By choosing an umbrella company, you'll be compliant with the new MSC legislation. You'll have permanent employment status. And, as you'll be paid through PAYE, IR35 will no longer be an issue.

Why use an Umbrella Company?
You'll be complying with MSC legislation and will not have to worry about IR35, as you will have permanent employment status.

• The hassle of setting up your own limited company is removed -- joining an umbrella company is quick and easy to do. And you won't need to hire an accountant.

• Your umbrella company is responsible for invoicing your client and chasing payments -- not you.

• You'll then be paid through PAYE, taking care of tax and NI. Your umbrella will also process expense claims for you, reducing your tax and NI liabilities.

• You also won't have to worry about the hassle of time-consuming self-assessments, nor saving for your tax bill.

Tags
Inland Revenue, Budget, IR35, Managed Service Companies, MSC, Legislation, HMRC, Recruitment agencies, Contractor, Tax, Dividends, National Insurance, NI, LTD Company, PAYE, Umbrella, Self assessments, Tax returns, Expenses, Insurance, Dispensation, Tarpon payroll,

Category:

Education

Tags:

• inland
• revenue
• budget
• HMRC
• recruitment
• national
• insurance
• NI
• LTD
• PAYE
• umbrella
• self
• assessment
• tax
• return
• ir35
• payroll

[TarponLtd]

Hi there, if you contract using an Umbrella Company you will have to pay employee's and employer's nic. This is why you get a higher rate as a contractor to compensate for this, however, as a contractor you are entitled to offset genuine business expenses against your income tax & nic which should make you better off!

If your still unsure one of our tax advisors can talk you through the details, if you call 0845 643 1580 and press option 1.

I hope this helps!

[meteorgroup]

Now..i am advised to use umbrella company but when i do calcualtions..i am told there are 2 NIC to be paid?????

what is that and can i avoid it?