Read our quick summary:
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The drawbacks to working through an umbrella company are:
- You'll have less control compared to running your own company.
- You may find it more tax efficient to operate through a limited company.
- There are a number of umbrella companies operating illegal arrangements, so you'll need to exercise caution before signing a contract.
The drawbacks to working through an umbrella company are:
- You’ll have less control compared to running your own company.
- You may find it more tax efficient to operate through a limited company.
- There are a number of umbrella companies operating illegal arrangements, so you’ll need to exercise caution before signing a contract.
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Expert Contractor Accounting from Only from £75/mo
Dedicated 1-on-1 accounting support for contractors and consultants from £75/mo. Set up a new limited company or switch accountants, optimize your take home pay, get IR35 advice and all your company filing sorted.
Contractor resources
We explain which contractor segment you might fall into. We walk through IR35 and the implications for you and how you may fall inside or outside of IR35.
- What is a contractor
- Types of contractors
- Contractor business structures
- Contractor accounting
- Understanding IR35
- Contractor insurance
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Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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