Umbrella Company For Contractors

Umbrella Supermarket Helping Contractors Every Step Of The Way

At umbrellasupermarket.co.uk we appreciate that not all umbrellas were created equal. Some are cheap and some are expensive. Some have great service and others not quite as great. Some will help you claim child credits and others will let you claim expenses. Sometimes it's hard to know over the phone which umbrella company is going to help you take home the most pay or end up with the most money at the end of the month.

It's a hard learnt lesson for many a contractor that the cheapest umbrella company might not actually be the most financially beneficial because with a higher fee might come access to tax breaks and credits that far outweigh any cost incurred.

Umbrellasupermarket.co.uk was launched in early 2017 as the first of its kind, an umbrella company comparison website that didn't just take a name and a number. When we set off on our journey to make the UKs number one umbrella comparison tool, we were hailed as a step too far and something no one would ever use. Yet as we stand here today, it seems every competitor has copied our comparison model!

Today not only is umbrellasupermarket searched more times every day than any other comparsion website, but we've helped 1000s of contractors find the ideal umbrella company (or more recently accountant) for them.

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contractor goals

How to set and achieve your contractor goals in 2020

As we head through a new year and new decade, what better time for contractors to set goals and aim to make 2020 their most successful year of contracting yet?

This handy guide will equip contractors with everything they need to know about setting and achieving a realistic set of contractor goals in 2020.

IR35

Am I Inside or Outside IR35?

When discussing contracting work, it’s inevitable that IR35 will come up in any conversation. It’s highly recommended that every contractor gets to grips with the fundamentals of IR35 when they start working. This is so that you can be clear on whether you can be classed as inside or outside IR35.

IR35 Delay

IR35 Delay Confirmed Amid Coronavirus Outbreak

Contractors across the UK breathed a collective sigh of relief in March as the Government finally announced an IR35 delay. Despite seeming to go ahead with plans to extend the off-payroll rules to the public sector in the March Budget, the tricky lockdown situation has prompted something of a U-turn just a week later.

IR35 Changes

Will There Be an IR35 Delay in 2020?

By now, IR35 is something all contractors are aware of. However, there are still plenty of self-employed people that are confused by the legislation. In short, it determines how you should be taxed based on how exactly you work and whether you’re truly self-employed.

contractor paying tax

How Much Tax Do You Pay Under an Umbrella Company?

For many years, self-employed individuals could access favourable rates of tax by setting up a limited company and filing all their invoices, expenses and tax returns through it. However, the introduction of IR35 legislation into the public sector in April 2017 – and its expansion into the private sector in April 2020 – means that it will soon be significantly more difficult to achieve those same benefits. In fact, for many people, they may be liable to paying thousands of pounds more in tax from next year.

Ready to take the next step in setting up your structure?