UMBRELLA COMPANY

Umbrella company

What is an umbrella company?
An umbrella company is a separate company that acts as an employer for contractors working on fixed term contracts. They also serve as an intermediary between the contractor and their end client or agency. The principle function of an umbrella company is to organise payment for the contractor. To do this they collect the contractor’s earnings from the end client or agency and then pay it onto the contractor with tax, national insurance and their umbrella company fee deducted.

What are the benefits of an umbrella company?
There are numerous advantages to being employed by an umbrella company. First of all, you will not have to manage your taxes, National Insurance or payroll. This can be challenging if you are new to your contracting career and are not literate in financial affairs. With this out of the way, you can focus on growing your contracting business.

Secondly, you won’t require as much starting capital when working with an umbrella company compared to establishing a limited company. This frees up funds to invest in expanding the business.

Furthermore, an umbrella company gives you the freedom to outsource administration. This way, you can focus on day-to-day work rather than spending time engaged in tedious paperwork. Not only is this monotonous and time-consuming, it does not generate revenue for your business.

Why Choose Top Umbrella ?
– Over 20 years of experience
– Daily payroll and friday payments
– Avoid stress and worry
– Fully compliant
– Personal account manager
– IR35 specialists
– 24/7 Support
– Hassle free set-up

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Speak to one of our experts who will be able to guide you through the process and answer any questions you may have.

Why Choose Top Umbrella ?

– Over 20 years of experience
– Daily payroll and friday payments
– Avoid stress and worry
– Fully compliant
– Personal account manager
– IR35 specialists
– 24/7 Support
– Hassle free set-up

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