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

Best companies for reallocation services by movers and packers Noida
Published by Kumari Ankita on July 21st 2012 | Business
Moving from one place to another brings new excitements and hope but along with it, it also brings h...
 
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...
 
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...
 
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...
 
Avail superlative realloctaion srevice by packers and movers companies
Published by Kumari Ankita on April 20th 2012 | Business
Moving from one place to another has become part of our life. In this hyper busy world, we are no lo...
 
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...
 
Why you need moving companies Saskatoon
Published by Richard on August 5th 2012 | Business
The convenience is a big issue when it comes to moving from one home to another and you need your be...
 
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.
...
 
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...
 
Indianapolis moving companies in the sparking means!
Published by Ema Sis on June 15th 2012 | Business
The local movers in Indianapolis give commercial, corporate, long distance, local & auto transporter...
 
Get versatile reallocation services by these innovative companies
Published by Ankita Kumari on January 12th 2012 | Business
Rapid industrialization and commercialization are creating enormous demand for packing and moving co...
 
The a List of staffing services: IT staffing companies
Published by Webmaster on February 5th 2012 | Business
From a relatively new phenomenon outsourcing now has established itself in mainstream fields of indu...
 
Mistakes to avoid while choosing property management North Shore companies
Published by Jack on August 15th 2012 | Business
Choosing the best property management North Shore company is not an easy task. Learning more about t...
 
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...
 
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....
 
Various pricing strategies adopted by companies to improve sales
Published by Annphilip on March 8th 2012 | Business
Pricing strategy depends on both the external factors and the internal factors of an organization. S...
 
How the building companies work at the alteration and additions of a home?
Published by Mark Andysmith on December 8th 2011 | Business
Alteration and additions are the two most common things, preferred in any house when the inmates thi...
 
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...
 
Plant hire companies in New Malden and Epsom
Published by Glyn Jones............ on April 18th 2012 | Business
For any construction company a lot of money is spent on hiring of plants. So it becomes very importa...
 
Which were i would say the top medical device companies? and furthermore go about doing their specific be taken bracelets problem?
Published by Ryan Roger on May 30th 2012 | Business
Trading wants a wide range of plans and in addition association. This may equal more true designed f...