Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

An Umbrella Company: What You Need to Know

By Ed Lebbon Subscribe to RSS | February 18th 2012 | Views:

People today bring up their own business just to get additional income aside from the money they get form their day job. Others put up their own private business to be able to be in control of their own cash flow and in control of their own selves. Putting up a company may be an easy task for individuals who have the resources and the time. Aside from thinking of tasks such as who to hire, where to place the franchise or business and what business it would be, entrepreneurs also think about taxes and tax affairs involved.

In creating your own personal or private business establishment, there are always rules and laws that govern them. Paying taxes and the whole scope of tax affairs are a few of them. Tax affairs can be a dread for starting entrepreneurs. For some who have limited time and expense, they do not have to worry about tax and accountancy issues because an umbrella company is the best solution to help them out. An umbrella company is also the best way to effectively and efficiently manage tax affairs.

What exactly is an umbrella company? Basically an umbrella company carries out specific services for the contractors. An even more basic explanation of this is that an umbrella company serves as an employer to the contractors connected through a contracted task.

Getting employment from an umbrella company is same as being contracted under a direct employee. All benefits are the same as well. Employees under an umbrella company get the same entitlement to paid maternity leave, paid paternity leave and sickness pay. Even entitlement to minimum wage is included as a benefit for working under an umbrella company.

Aside from the same benefits, if one chooses to run a limited company then through the help of an umbrella company, paper work is greatly reduced. As mentioned above, an umbrella company does all accounting tasks and taxation affairs so entrepreneurs no longer need to worry about this and this alone leads to the elimination of concerns regarding the IR35. Best advantage of utilizing an umbrella company is an opportunity in investing in training courses and pension schemes.

So exactly how does an umbrella company work? In a nutshell, an umbrella company processes PAYE payroll for all contractors plus it offsets expenses of the business against taxes of the contractor. These expenses would include accommodation expenses and travel expenses.

How do contractors get paid through an umbrella company? All contractors have to do is fill out the time sheet given to them and forward it to their provided umbrella company. They then forward an invoice to the contractor’s client or the agency who recruited the contractor. Once the invoice has been received on their end they send all funds to the umbrella company with fees deducted of course.

An umbrella company is the best investment any start-up business, be it private or individual, is an umbrella company. Access-a offers you the best service in an umbrella company. Apart from that service, Access-a ensures that each client is as tax-efficient as possible. Doing so aids each client to reclaim their business expense at a 100% without additional charges or taxes.

Access-a strives to give each client the service that will warrant maximum satisfaction and maximum income. Alongside providing professional service, Access-a promises to find the best results in maximizing each client’s income in the most legal and tax-efficient manner.

Our services also include a full record of work expenses, a collated complete file of present and past pay slips, monitoring of funds made, funds due and funds received. At Access-a, we amend client’s personal details and there is a maximum net pay that reaches up to 81%. Access-a provides multiple payrolls which are given every weekday but are limited to announced bank holidays. A plus factor that Access-a has that triumphs over others is our “Faster Pay” System thus no delays in payment are ever made ensuring 100% contractor’s satisfaction.

With more than 15 years experience in the business, Access-a is a dedicated company that ensures the best of services need for tax affairs and accountancy issues. Look no further than Access-a for all tax-efficient services. Access-a user friendly portal with 24-hour service is ready to help prospective clients or contractors anytime.

Ed Lebbon - About Author:
Ed Lebbon is the owner of Access-a Umbrella Company Access-a is an umbrella company offering the benefits of a limited company without the administration or statutory responsibilities. With our solution, you don’t have to worry about IR35, the Managed Service Company or Third Party Debt Legislation - you are outside of these regulations.
To know more about Umbrella Company visit our website

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Article Marketing Articles Subscribe to RSS

Why MHT is a reputable company in energy saving products
Published by MHT Lighting on July 30th 2012 | Business
MHT Lighting is a lead US manufacturer for energy efficient induction lighting. The company is known...
Want a good painting company in Orlando? Here’s what to look for and how to find one
Published by Daniel Painting Service on May 25th 2012 | Business
Whether you’re painting your house’s exterior or giving the interior a new look, a professional ...
Services and benefits offered by a good trucking company
Published by Edmund Brunetti on April 9th 2012 | Business
If you are looking for freight service, flatbed hauling or any such loading service, then you should...
Promote your company with Custom Umbrellas!!!!
Published by Sodablues on January 9th 2012 | Business

There is a broad array of custom umbrellas accessible in the market at the moment constituting, ...
Great service by a reliable packing and moving company
Published by Ankita Gupta on January 12th 2012 | Business
Packing and moving has become regular part of our life. We are constantly moving from one city to an...
Why you should choose RSC for your company’s Risk Assessments?
Published by Risksafetyconsultants on April 12th 2012 | Business
Health and safety consultancy Sheffield consists of experts having years of experience in the field....
A guide to help choose the best sheet metal fabrications company
Published by Johnsmith on August 4th 2012 | Business
A reputed fabricator will have capabilities to handle large contracts easily. Each of these stages w...
Marketing company in Sydney helps you to take your production to next level
Published by Marketingspace on June 14th 2012 | Business
While establishing a business, ones integral focal point is entirely on advertisement regarding the ...
British Gold Refinery is an online company.
Published by Ahmadgill on January 12th 2012 | Business
British Gold Refinery is an online company that is quick easy and convenient way to sell your gold a...
Only company in India for packing and shifting services you can rely
Published by Ankita Gupta on January 5th 2012 | Business
Thanks for visiting. All of us offer services on the loading and unloading, warehousing services, ho...
Get complete IT solution only at ePixel web design company India
Published by Epixeltechnologies Tech on December 1st 2011 | Business
ePixel Technologies is a fast growing and leading PHP web development India. Website is way to get m...
Best moving company with unparallel network and competitive price
Published by Ankita Gupta on December 30th 2011 | Business
Here you are at best packing and moving company. You will get loading and unloading services, wareho...
Choose a Denver dumpster company that meets your requirements.
Published by Colin Steven on July 3rd 2012 | Business
Keep in mind that the way you load your dumpster depends on the type of dumpster you have obtained o...
Hydrocarbons One of the Best Cooling Agent Manufactured by oz-chill company.
Published by Oz Chill on February 8th 2012 | Business
It is natural occurring and non toxic gas that is not dangerous for user other gases are very danger...
The best packers and movers company with all kinds of solutions
Published by Kumari Ankita on January 2nd 2012 | Business
Welcome for unparallel shifting services. All of us give support on the loading and unloading servic...
Usefulness of online payroll company for small business
Published by Julia Roger on January 6th 2012 | Business
Small business establishments with around forty to fifty employees might require the services of pro...
Reduce company overheads by incorporating your company offshore
Published by Ademholt on July 11th 2012 | Business
Are you looking to reduce company overheads?
Did you know setting up and offshore company can le...
Tips for choosing an air conditioner company
Published by Sudhanshusnv on August 3rd 2012 | Business
If you will consider all these things in mind before your choosing air conditioning company, then yo...
Need to consult an experienced distribution company to publish industry news releases
Published by Andersonclark on February 6th 2012 | Business
Online has been preferred for publishing business or industry news, simply because the news will spr...
About my company and the services we provide
Published by Seolncr on February 28th 2012 | Business
Do you want to promote your business on the internet market? My company is one of the best online ma...