Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Making Right Decisions: Umbrella Company or Limited Company?

By Ed Lebbon Subscribe to RSS | December 17th 2011 | Views:
loading
 
  



Contractors go to all the trouble deciding which option is best for their business because choosing between an umbrella company and a limited company has a great impact. The process of choosing should not be difficult. Here's what any contractor should know about the two. Take a look at the aspects surrounding options that are available to contractors.

First up is the Limited company. Basically it's an entity which is entirely separate from the people who own and run it. Also, in its basic level, it is considered to be an entirely legal entity all on its own. Now what makes a limited company an attractive option for contractors? Aside from the element of limited liability, operating through this process greatly reduces risks that could be faced by directors or shareholders. Despite the workload involved in such a process being considerably higher, basic elements such as an in-depth completion of tax returns and VAT to legitimate registration of any company's name plus reconciliation of expenses, opting to create a limited company is somewhat the more suitable option.

Given that, let us proceed to the next option which would be an Umbrella Company . Umbrella Companies in a sense act out services specific to the needs of each contractor. In an essential way of putting it, these companies act the part out of being an employer to all contractors engaged in contracted tasks. The process utilized for contractor's payroll is called PAYE and aside from that process, companies such as these offset expenses incurred by the business. These expenses include accommodation and travel expenses which are of course taken against the contractor's tax.

Like employment under a direct or permanent employment relationship, companies that take on the second process are also subject to the same employment benefits and rights. These include paternity and maternity leave, sickness pay plus the full minimum wage which would of course be sponsored by contractor's chosen umbrella companies.

Those mentioned still do not include other advantages of an umbrella company. These advantages also include: reduced paperwork because tax affairs, taxation and expenses are all covered, additional opportunity in investing on training courses plus pension schemes and finally the best advantage so far includes the fact that one does not have to worry about IE35 legislative issues.

Contractors are always in need of advice regarding issues such as these and with such options discussed as easily as possible then this would easily aid in the decision process. Of course, whatever option one chooses it is best to do a thorough research through each option. Think of what you may gain or lose as a contractor. Advantages and disadvantages of each option should be carefully weighed out. Ask around for referrals or do a search on the World Wide Web.

Aside from weighing in on the pros and cons of options a contractor is to choose from, it is also best to base all decisions on the requirements one has at hand. Think of the services a contractor such as yourself is to provide and what the best ways or how your services will be served out or applied. Ask yourself, can you handle tax affairs? Is accounting or tax issues your best bet? Is the sense of reliability allied with the company an important aspect?

Well, Contractors should look no further than Access-a. It provides you with a conceivable process that is surely the answer to any tax related worries. A plus about our services is that they are future-proof. Our team comprised of knowledgeable and experienced individuals aim to give you the solution you need. Aside from giving you easy and impartial advice, we work hard to assure that you are as tax-efficient as possible. With us, you can never go wrong and all questions never go unanswered.

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/

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.

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

Article Source:
http://www.articleside.com/article-marketing-articles/making-right-decisions-umbrella-company-or-limited-company.htm

Related Article Marketing Articles Subscribe to RSS

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...
 
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...
 
ISO Certification is essential for companies who wish to compete in both the national and international markets.
Published by James Blee on June 16th 2012 | Business
ISO certification is the International Organisation for Standardisation. ISO certification also mean...
 
Advantages of Tablet Rental companies
Published by Jonathanswift on December 23rd 2011 | Business
Rental companies that are providing equipments and computer for rental are trying their level best t...
 
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...
 
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...
 
Contract Loan Processors : the solution that many companies seek
Published by Amitaabh Saboo on January 12th 2012 | Business
There are diverse manners by which a company is able to be processing a loan, but the most excellent...
 
Commercial Refrigeration is essential for companies who sell food and drinks
Published by James Blee on June 16th 2012 | Business
For any company that sells food or drinks, commercial refrigeration is a very important consideratio...
 
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....
 
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...
 
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...
 
Getting Beyond the Evident Steep ledge: Pharma Couple Suffering from Online companies
Published by Alistar Cook on December 29th 2011 | Business
Prevailing business ventures really want a great amount of new development, unique things but fantas...
 
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...
 
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...
 
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...
 
A win-win situation for both an organisation as well as debt management companies by hiring a debt collector agency.
Published by Gabi William on March 27th 2012 | Business
We do all the hard work for you and approach each case very seriously - no matter what the size....
 
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...
 
Packing companies complete solutions for reallocation
Published by Kumari Ankita on February 14th 2012 | Business
There are many reallocations companies in India who are offering packing and moving services. These ...
 
Scaffolding companies and their safety instructions
Published by Mobilescaff on April 11th 2012 | Business
They are known all over the world for their prompt, reliable and safe service in each and every aspe...