Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Laying It All Out: Choosing Umbrella Companies

By Ed Lebbon Subscribe to RSS | January 15th 2012 | Views:
loading
 
  



Self-employment rates are quite high these days and it is equally high with rates of individuals going freelance. Now usually, people that decide on these have problems managing their tax issues or taxation and those of people working under them. The best solution so far is to opt for an umbrella company rather than choosing the other option which is the limited company. Why the first? What and how is it better than a limited company?

Before we go into details, it is of vital importance that choosing the proper process not only guides you through becoming a confident independent contractor but doing so also makes one massive difference in terms of how one person handles taxation matters.

Contractors are initially introduced to umbrella companies by way of agencies but what these agencies do not tell you is that they take something in return. How so? Companies that have a partnership with agencies have referral commissions. These referral commissions are simply fees taken off from the salary you as a contractor should be receiving in full simply because they were recommended by the company you applied for. If getting the full amount of money you have so worked hard for is your aim, then I suggest you steer clear of such companies partnering with agencies. The number one rule in searching for an umbrella company is to simply do a thorough research. There’s a whole broad spectrum of such.

Now in choosing one, it is best to stick to the following tips. These will guide you as an individual contractor and save you a hell lot of time and not to mention money. First up, choose a company that has a fee structure that suits you. Frequently asked questions you should be asking them would include: How do they charge, weekly or monthly? If you’ve got time off, are the charges continued? Is there a percentage charge for the gross amount of what you earn? Higher earning contractors’ best bet would be those companies offering a fixed fee contract. This assures that they take home the exact amount of money they have worked so diligently for.

Second tip is to take note of the frequency of payment plus finding out how often you get your salary. Delays are never an exception and such delays could happen that could of course lead to the processing of the money put into your bank account late. In cases such as these, then it is best to figure out the length of time you are willing to wait to get the money into your bank account. This not only takes of pressure from the company processing your payment but it also takes a bit of a load off of stress on your part as an individual contractor. Note that some companies pay out through CHAPS or BACS. What would be the difference? Well for one CHAPS, which stands for Clearing House Automated Payment System, credits the money into your account on the same day the note is processed. This usually charges a bit higher fee for such service. On the other hand, BACS or Bankers’ Automated Clearing Services, credits the money into your account in a period of three working days. This method is the most common.

Third to take note of is to know how long the umbrella company you have chosen been in operation? Ensure that it has a base of established contractor clients and with great recommendations. Credit ratings should also be of prime importance.

There are a whole lot other tips a contractor should take note of but if you don’t want to go through the lengthy process then there’s only one place to go. A company that has been in the business for long and has reliable and credible recommendations, that company is none other than Access-a. We work hard to ensure every contractor is as tax-efficient as possible and that they get the money they worked hard for in time. At Access-a, you are the number one concern.

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 http://access-a.co.uk/

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

Article Source:
http://www.articleside.com/article-marketing-articles/laying-it-all-out-choosing-umbrella-companies.htm

Related Article Marketing Articles Subscribe to RSS

It is time to hire professional packing and moving companies
Published by Kumari Ankita on January 19th 2012 | Business
Packing from one city to another is the most daunting task we ever have. Fast pace life never allows...
 
Are the marketing fulfilment companies really worth their business?
Published by Diego Hall on December 2nd 2011 | Business
Only a marketing fulfilment company can ensure that all your marketing mails are not misplaced as sp...
 
IS BIM worth implementing in medium sized companies?
Published by Macjohn on August 25th 2012 | Business
Implementation of Building Information Modeling has not been a major concern with large construction...
 
GH Armor Systems is one of the fastest growing body armor companies, for several reasons!
Published by Thomasgalvin on January 23rd 2012 | Business
There are many companies that handle police supplies and equipment but only a select network of them...
 
IS BIM worth implementing in medium sized companies?
Published by Macjohn on August 25th 2012 | Business
Implementation of Building Information Modeling has not been a major concern with large construction...
 
There are even discount Vogueinstyle.Com coupons & codes for online companies
Published by Martin Peterson on April 22nd 2012 | Business
By staying ahead of the game you will be in a better position to know when to do your shopping as yo...
 
Explore multi benefits of packing and moving companies
Published by Ankita Gupta on February 27th 2012 | Business
Packing and moving is very stressful task for most of us. Shifting from one place to another, make h...
 
Some advantages of the fulfilment houses and the stock management companies
Published by Diego Hall on January 9th 2012 | Business
A business can only be successful enough when it is dealt professionally in terms of stock managemen...
 
Gas boiler repair companies, London
Published by Kewinzork on January 11th 2012 | Business
When someone starts living in a house then he/she is very excited and wants to make sure that everyt...
 
Franking machine is the excellent choice to small companies
Published by Mr Des on June 22nd 2012 | Business
Today, franking machines are used widely by the small, big and large business people to manage their...
 
Chartering Private Aircraft is an essential form of transport for many individuals and companies.
Published by James Blee on June 16th 2012 | Business
As a qualified Chartered Surveyor with over thirty years of experience providing clients across some...
 
The target of business consulting companies and the services
Published by Ema Sis on June 25th 2012 | Business
The business consulting companies employ different approaches and strategies designed for the improv...
 
Specialty Chemicals - Can give you the edge over competing truck companies
Published by Ezoilproducts on August 24th 2012 | Business
Trucking is a highly competitive industry where there is a constant battle to keep trucks on the roa...
 
Medical transcription companies ensure privacy and security of patient data
Published by MTS Transcription Service on March 14th 2012 | Business
Medical transcription companies providing HIPAA compliant service ensure privacy and security of pat...
 
Understanding how energy companies are regulated
Published by Sean Burke on April 19th 2012 | Business
How Britain's energy market is regulated for the benefit of consumers....
 
The offering of online Sonomadiet.com coupon codes helps companies to drive web traffic to their website
Published by Randy Fletcher on July 17th 2012 | Business
The web Sonomadiet.com coupon codes have grown in popularity as online convenience searching is stea...
 
Get premium commercial and residential window cleaning services from credible companies
Published by Mithun on April 12th 2012 | Business
You can find professional cleaning services that are designed to keep your home clean and dirt free....
 
Many companies offer SmartSyncSoftware.com Voucher Codes as a way to magnetize new shoppers
Published by Gayathri Divyavanidevi on July 9th 2012 | Business
Many companies offer SmartSyncSoftware.com Voucher Codes as a way to magnetize new shoppers or induc...
 
How do energy companies calculate business gas usage?
Published by Sean Burke on May 4th 2012 | Business
The amount of gas your business consumes should be directly proportional to how much you pay.
...
 
Hire professional moving companies to make the process smooth
Published by Ankita Gupta on February 8th 2012 | Business
Packing and moving have become regular part of our life. Bygone are the days when we are struck to t...