Making the Most out of Time: Utilizing an Umbrella Company
Self-employed individuals love being employed all on their own simply because it gives them the utter feeling of self-satisfaction and a sense of great elation. Freelancers or self-employed individuals enjoy the freedom from the wages of slavery plus the flexibility of working their own hours and managing their own workload. It is the casually corporate way of climbing the staircase of self-success. However, before you decide on doing so yourself, there are steps and legal processes one should be armed with. It is important to understand that self-employed individuals go through the crucial process of choosing the appropriate model that suits their abilities and skills. Contractors, freelancers or the self-employed make use of what is called an umbrella company.
An umbrella company is the best option for contractors simply because it saves them a lot of time over taxation issues and all the legal affairs included within it. A plus about opting for such company is that it greatly reduces frustration specifically for the self-employed individuals. Everyone knows that being self-employed means you are not only responsible for your workload and work hours but for other tasks such as managing a work diary, accounting, marketing, liaising with suppliers, scheduling appointments, stock taking, dealing with correspondence, ordering stocks, cleaning, catering and general admin duties. It may appear as an exhausting task but it actually isn't as long as umbrella companies are present to help.
Aside from an umbrella company, what other options are there? A limited company also has its advantages to present for contractors. However, umbrella companies pose an even better and a variety of advantages. They answer for the complex issues of taxation and accounting through their PAYE system plus expenses incurred in association to the business or your work can be claimed back from the company.
With those mentioned, it is also the most straightforward agreement for contractors who are just starting out or for freelancers who are still new to the self-employed status. Time is greatly maximized and it also saves the contractor considerable amounts of money.
If you are a contractor, freelancer or simply a self-employed individual who wants to save time and money then the best solution is an umbrella company. You have to look no further than Access-a. At Access-a, our experienced and knowledgeable legal experts provide you with easy and impartial step-by-step process that makes you a 100% tax-efficient individual. A plus on our process, we make sure our solutions are future-proof.
Our team comprised of the best lawyers and tax advisors ensure that the solutions we come up are 110% watertight and that they comply with the legislation obliged by the HMRC. Contractors need not worry about the IE35 because our solutions are tax compliant.
Other advantages we can offer you are the following: a maximum net pay that reaches up to 81%, multiple payrolls every day of the week but these of course do not include bank holidays, a 24-hour portal with our friendly customer service aids ready to answer your every query, full employment status that includes all the benefits of any regular employees such as sick pay, insurance such as professional indemnity insurance public and the employers liability insurance and lastly a no tie in period.
With over 15 years experience and dedicated account managers for each contractor, our company's task not only manages tax affairs but we input all your work expenses, access present and past pay slips, monitor all funds received and payments made or payments due and lastly we amend each contractors personal details. What else are you looking for? We're ready to give you all the help you need to maximize your time and money.
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/
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