Contractor Umbrella Company – All company administration solutions under one roof









Umbrella Company are mostly employed through a recruitment agency. Contractor Umbrella Company is a well recognized company that provides employment solutions to contractors and freelancers in the UK. Such companies are voted as the best Companies by contractors because of the many benefits contractors gain backed with the brand or reputation they carries.

An Umbrella company is basically required if the contractor has less time to manage administration of the organization and also to get rid of the legal responsibilities one has to undertake for their own limited company. Apart from this if you are new to contracting, this is the best solution to kick start your business. The contract begins immediately without undergoing any hassles and is primarily beneficial for small contracts that as undertaken for a few months. Besides, if you cannot own a limited company owing to visa restrictions, Umbrella contractor company is the best solution. You might as well switch between your permanent job to own a limited company to attain success in a short time.

Contractor Umbrella Company provides complete peace of mind, security and help in each and every aspect of running a limited company or a small scale firm. Its experience in the industry adds another feather to its cap as far as providing service is concerned.

Umbrella Company Services are the best option for experiencing peace of mind


Getting a contract for a particular project is a very exciting time for all types of contractors. No matter how appealing the deal may be, it brings some stress and pressure along with it. For example, you have to mange timesheets, employees’ salaries, and administration. And above all, the possibility of being caught up in the IR35 sections act. Whether you are a freelancer or a first time contractor, you can concentrate on your project when using the services provided by umbrella companies.

When you are receiving the security of the umbrella company services, you are freeing yourself from liabilities. All the responsibilities of administration, accountancy, and taxation will be taken care of on a daily basis. Though you are the owner of your company, you will be paid as an employee, which would receive after deducting your taxes that you are liable to pay from your income. This eliminates the danger of excluding the IR35 rules.

Moreover, you will experience peace of mind from keeping yourself posted about the taxation and employment rules. This is very useful considering the fact that laws for contractors and freelancers in the UK change every year. Therefore, ensure that the umbrella companies operate with the laws of the UK when selecting one for your project.

Setting up a Company - Expert guidance is vital






There are a few options for setting up a company in UK. The most popular one is the limited liability company. In this type of formation, you can separate your personal assets with that of the company. This advantage is not offered for sole trading businesses. To start a limited liability company, the following details are necessary:

  1. Registration has to be done at the Companies House. The process is simple and can be done online or though a formation agent or an accountant.
  2. Memorandum of Association - this has the names and addresses of the members coming together to form the company.
  3. Article of Association – This includes the legal rights of a director and shareholders.
  4. Form IN01 – This form has the details of directors, secretaries (appointment of secretary is not compulsory by the law and depends on you), shareholders and share capital (if finance is being raised through shares).
Obtaining the forms is possible either by downloading it from the Companies House website or visiting any of the branches. However, filling these forms in is not as easy obtaining them. Such are the complications that mistakes are bound to be made resulting in rejection. So taking expert aid is vital when settingup a company.

Set yourself free from hassle with an umbrella company







It is time that people start thinking about the term or word “Umbrella” as more than just an item that is useful for protecting you from harsh weather conditions in the United Kingdom. The current times, relate this word to an umbrella company. This concept is becoming increasingly popular these days. For individuals who consider working as freelancers or becoming self employed, this term is quite new, and they might not know exactly what such companies actually do.

The umbrella company is simply an organization or entity that combines together various contractors or individuals who aren't in the possession of permanent employment. These individuals or contractors include IT consultants, engineers or builders. There are various reasons why such people opt to join umbrella companies.

People usually choose to do contracts since they need more independence and freedom. Working and earning alone often means that you become the sole person responsible for all the processes of filing tax returns that HMRC needs from you legally. The people who already have an experience in filing the returns or accountancy will tackle these concerns themselves. However, in spite of the government claiming that tax filing is not taxing, completing the paperwork adds numerous hours to your work schedule, and this is the exact reason why people opt for an umbrella company.