The advantages to working through an umbrella company include:
- You'll deal with less administrative work. It's also quicker and easier to join an umbrella company, compared to setting up your own limited company.
- As an employee of the umbrella company, you're entitled to statutory benefits
- It can be a great option for short term contractors, as they won't have to go through the hassle of setting up a limited company and making the arrangements for it to be dissolved.
The advantages to working through an umbrella company include:
- You’ll deal with less administrative work. It’s also quicker and easier to join an umbrella company, compared to setting up your own limited company.
- As an employee of the umbrella company, you’re entitled to statutory benefits
- It can be a great option for short term contractors, as they won’t have to go through the hassle of setting up a limited company and making the arrangements for it to be dissolved.
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Expert Contractor Accounting from Only from £75/mo
Dedicated 1-on-1 accounting support for contractors and consultants from £75/mo. Set up a new limited company or switch accountants, optimize your take home pay, get IR35 advice and all your company filing sorted.
Contractor resources
We explain which contractor segment you might fall into. We walk through IR35 and the implications for you and how you may fall inside or outside of IR35.
- What is a contractor
- Types of contractors
- Contractor business structures
- Contractor accounting
- Understanding IR35
- Contractor insurance
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Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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