Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Umbrella Companies: Preparing You for the Tax Storm

By Ed Lebbon Subscribe to RSS | January 26th 2012 | Views:
loading
 
  



Tax, taxation and tax affairs simply put are deemed as the most difficult to handle in companies. Big or small, private or public, companies do a great deal of paperwork over tax affairs and accountancy issues. This is where umbrella companies step into the picture.

What exactly are umbrella companies and how do contractors benefit from such? Basically, umbrella companies provide services set by their contractors. Umbrella companies act as employers to the contractors who have a signed agreement under a contract. These umbrella companies also process payrolls for contractors and aside from that they also offset expenses against the contractor’s tax incurred by the business. These expenses include but are not limited to accommodation expenses and travel expenses.

Benefits of umbrella companies are exactly the same as any other employment rights in a direct employment relationship. Aside from being entitled to paternity and maternity leave, auspices of benefits also include entitlement of contractor’s sickness leave. Other advantages of umbrella companies are as follows: no worrying over expenses or taxation's which in turn eliminates legislative concern over the IR35, opportunity in investment of training courses and pension schemes plus greatly reduce amount of paperwork. Other benefits also include accommodation and food allowances, travel and mileage expenses plus insurance to cover for the contractors. The great thing about umbrella companies, salary is never delayed because everything is done on time to make sure everyone is paid on time.

What else do umbrella companies do? Umbrella companies act out as an intermediate between the agency and the contractor. Essentially, umbrella companies keep each party happy by making sure the agency pays the client and contractors don’t lose out on benefits. Umbrella companies aside from holding up the end of tax affairs also protect contractor’s interests meaning you never get exposed to the wrong end of the law.

Exactly why do people then choose to go work for umbrella companies? Umbrella companies offer independence and freedom which is not easily done by individuals who have no experience whatsoever in accounting and even in filing tax returns. Tax affairs are indeed “taxing” thus umbrella companies do the better and efficient way of handling tax.

Umbrella companies assure that everyone is always in touch with the cash they work hard for. They ensure that you can claim all expenses back as long as you are entitled to it. Contractors and umbrella companies form a partnership unlike any other. Provided that correct receipts are handed to them for all expenses then umbrella companies do all the job of reclaiming the money. No stress on your part whatsoever.

As mentioned above, umbrella companies greatly take the load of your shoulders by doing all the necessary paperwork when it comes to tax affairs and accounting issues. Contractors can relax and have a peace of mind knowing that all their tax affairs are in good hands.

Umbrella companies are definitely an effective and efficient process to manage your tax affairs but ensuring the appropriate structure of your business is quite essential as well. So if umbrella companies are what you are looking for then look no further than Access-a.

Access-a provides you with easy to understand and impartial advice. At Access-a, we’re dedicated to work hard simply to ensure you are tax-efficient. Apart from that, Access-a ensures you reclaim 100% of the expenses your business has incurred for no additional charges and tax. Maximum satisfaction is Access-a aim alongside maximum income. We provide you with the best answers in maximizing income in the best legal, highly professional and tax-efficient manner.

Access-a makes use of a “Faster Pay” system so no delays in payments are ever made. Aside from providing you with umbrella companies to help you out in tax affairs, Access-a makes sure that all work records and expenses are collated along with past plus present pay slips. All payments are also monitored be it payments made, payments received or payments due. Access-a offers a maximum net pay of 81%.

Our company with over more than 15 years of experience in handling tax, taxation and tax affairs assures you are given the apt service with our user-friendly portal that is ready to serve you 24-hours a day.

Take the load of your shoulders and avoid administrative hassle, umbrella companies is the answer to all your tax affair needs. Access-a handles it in the most tax-efficient way possible.

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/umbrella-companies-preparing-you-for-the-tax-storm.htm

Related Article Marketing Articles Subscribe to RSS

Accounting Outsourcing offers advantages for Small companies
Published by Amitaabh Saboo on January 6th 2012 | Business
Being someone who is running a small company, you are familiar with the way in which cost is able to...
 
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...
 
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...
 
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...
 
Texas Utility companies offer best prices in the industry
Published by Jordan Adam on March 28th 2012 | Business
The fundamental reason for Texas Utility companies to maintain low prices whether for Business Elect...
 
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...
 
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...
 
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...
 
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...
 
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....
 
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...
 
About the registration of companies in Beijing
Published by Barker Hicks on April 28th 2012 | Business
Beijing Company registration is not an easy task especially for potential foreign investors. As a fo...
 
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...
 
The services provided by Steel Fabrication companies
Published by James Blee on July 16th 2012 | Business
Steel fabrication companies will provide a wide range of services to many different industries that ...
 
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...
 
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...
 
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...
 
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...
 
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...