What you need know

What you need know

06 March 2017 0

If you've just decided to start contracting you probably don't know what questions you should be asking.

To make life a lot simpler Umbrella Compare identifies exactly what questions you should be thinking about, together with some handy hints on what answers you should be looking for.

Umbrella Compare aims to ensure that you have the right information so that you choose the best umbrella company for your contract and circumstances.

Umbrella companies are quick fix, efficient, low cost, low commitment flexaible payroll and accounting solution for contractors.

An umbrella company is simply a ready-made limited company. Think of it as the fast-food of accounting. You access the benefits of increased take home pay but don't get the hassle and legal commitments of running your own limited company. Umbrella companies started to become popular over ten years ago. In those days there were only a handful of umbrella companies, today you can choose from hundreds.

Given the massive increase in their numbers it's inevitable that some will be better than others.

Don't be fooled into thinking that 'longer lived' umbrella companies are always the best umbrella solution. A lot of the new kids on the block have cutting ede technology that links into HMRC and has data exchanges with Agencies to provide your payments faster, more efficiently at a lower rate than their counterparts.

NWL Author

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