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We provide a full tax return and accounting service to all contractors to ensure compliance with HMRC and with Companies House. This enhances your reputation and our long term commitment to your business.
Despite recent legislative changes that affect your recruitment agency, umbrella companies still represent the most suitable employment and payroll solution for the majority of UK and EU based contractors, freelancers and consultants.
Working through an Umbrella Company is often the easiest option. It makes Pay As You Earn (PAYE) and National Insurance (NI) deductions on RTI, and allows the contractors to maximise the amount they take home by offsetting expenses like travel, accommodation and meals against tax.
Operating through a Limited Company offers many more benefits, and more scope for contractors to structure their earnings, as they will be both a shareholder and director of their own company. This enables them to take a small salary - to take advantage of their tax free allowance, and dividends from their profits.
Done correctly they could see returns as high as 76% by submitting as many expenses as possible to reduce their corporation tax.