WHY CHOOSE US
A Leading Umbrella Compliant Company
We provide best value, secure, convenient and Compliant Umbrella Services to clients who want the flexibility of contracting PLUS all the rights of being employed.
We aim to provide contractorsconsultantsfreelancershassle-freealternative
We do all the necessary tax and NI calculations and payments on your behalf.
Corporate Plus Umbrella gives you the freedom to move between contracts, agencies and clients while looking after your rights and processing your Tax and National Insurance.
How do Umbrella Companies work?
An Umbrella Company will employ you directly employs if your work is inside the IR35 regulations. They will deal with administrative tasks - such as managing timesheets, calculating PAYE tax and NI contributions They will invoice the client, collect monies and pay the contractor the Net after Taxes.
Why Choose an Umbrella Company?
An Umbrella Service gives you the legal employee status and handles all the paperwork. This solution is great for most contractors, with no unexpected tax bills and continuous employment hence, much easier to secure important things like loans and mortgages.
How Does Umbrella Company Employment work?
Confused? Don’t worry. Below is how the process of umbrella company employment works in practice:
- You select an umbrella company of your choice; they’ll then sign an agreement with your recruitment agency or end client.
- You will sign a contract of employment between you and the umbrella company.
- You now become an employee of the umbrella company just like other permanent employees.
- You will provide a timesheet detailing weekly hours of work for each payment cycle, plus any expenses, etc.
- The umbrella company takes care of the invoicing and prepares payroll deducting all taxes before paying you direct into your bank account.
- You will get a weekly payslip together with a reconciliation statement, detailing what shifts has been paid.
How is an umbrella company different from a limited company?
If you are new in contracting, you have many choices to make as to how you want to work. Whether you choose working under an Umbrella company or a Limited company, we shall work with you to ensure a smooth transition
It is important that you know the pros and cons that these two business structures have and their effect on your life.
We explain below the main differences between umbrella and limited and when it’d be a good choice to choose them.
Umbrella
As an Umbrella company employee, you are not a director and has little responsibility that come with it. The Umbrella Company will be your employer, they will make payments to you once you complete the work after deducting all your Taxes and National Insurance, making it an easier option when starting contracting.
Limited Company
If you operate a Limited company, you become the director and you’re in full control of the business and make all decisions relating to how the Company will operate. You take on all responsibilities relating to complying with specific legislation such as IR35, payroll calculations, Annual Accounts and returns and all tax payments.
Thus, when beginning as a contractor, you need to carefully look at Umbrella and Limited companies and decide which fits you best.
Do you want to be your own boss and take on responsibilities? Then Limited may be for you!
Do you want easy entry into contracting with little administration? Then, we suggest taking on Umbrella route.
To discuss the options further, get in touch with Corporate Plus Umbrella today for a FREE consultation and we’ll help you pick what’s right for you!