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Parasol, our sister company, ensures high level service delivery and meets all the above criteria.
If you compare umbrella company take home pay figures, you'll see that there's little to no change in what you will take home between the various umbrellas.
The only factor that will affect your take home pay is the umbrella margin. Be cautious of basing your decision on price alone; consider the service level you'll be receiving and ensure the umbrella company complies with HM Revenue and Customs rules and regulations.
Parasol have kindly been provided a few points to think about.
We understand that the right support by your side is crucial, whether you're working through your own limited company or under an umbrella. That’s why our sister company, Parasol, is here to help.
Using their years of experience in supporting contractors, they’re well placed to get you up and running and give you the tools to help you throughout your career.
The best route to take is based on your individual circumstances, such as your assignment rate, the length of your contract and how much admin you want to take on. Going limited and using a firm of accountants like us offer fixed-fee per month services. That may not be too far off what many umbrella companies charge - usually around £25 per week. This often comes as a surprise to clients who are lead to believe going limited and using an accountant is the more expensive route.
If you meet a certain set of criteria, any accountant will tell you that working through your own limited company is the most tax efficient option. We've done some case study examples to give you
Both options offer a number of pros and cons, depending on your circumstances. Our free guide will help you decide what structure is best for you.
Are you already a contractor or freelancer operating through your own limited company, or thinking of working as contractor or freelancer or even working through an umbrella company and want to go limited? Caroola can give you a wealth of information and advice - as well as providing a low cost fixed-fee accountancy service which has been developed specifically for freelancers, contractors, consultants and Interim Managers.
Caroola is the UK's largest specialist provider of fixed fee, limited company accountancy services to freelancers, contractors, consultants and Interim Managers. We've been acting for clients across the UK since 1992 with over 15,000 current clients.
We are the only national specialist firm of accountants with offices and meeting locations across the UK.
We offer an all inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns. Check our packages for more detail..
Appoint Caroola and never worry about your tax or accountancy affairs again!
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Appointing an accountant can save you time and stress when starting up on your own. If you would like to speak to someone about any of the above information or any other queries you may have, arrange a callback and a member of the team will be in touch.