The only legitimate way PAYE schemes can compete with each other cost-wise is in the fees they charge their contractor clients. Here, we compare some of the leading umbrella companies, and explain why you should look out for hidden charges.
Our Key Guides
Here is a selection of the most popular and relevant contractor guides we have on the site. If you're new to contracting, this is the best place to start!
Limited or Umbrella Company – which is best?
Limited or Umbrella Company? We look at the pros and cons of each type of business structure. Which is the best route for contractors?
Setting up a limited company – 10 essential steps to take
If you want to set up a limited company in 2023, here are ten essential things you should know in advance.
What is the most tax-efficient director’s salary for 2023-24?
What is the most tax efficient salary level for a limited company director during the 2023/24 tax year?
Dividends – what are they, and how much tax do you pay in 2023/4?
The profits generated by UK companies of all sizes can be distributed to shareholders in the form of dividends. Limited company professionals, such as contractors, typically draw down the bulk of their earning as dividends.
What is IR35? – the impact on contractors
An overview of the Intermediaries Legislation (IR35), specifically how it affects limited company contractors. How to determine your risk of being caught by IR35, and how to protect yourself against a potential HMRC tax investigation.