Umbrella COMPANY Employment or Setting up a limited company - the differences...
If you are considering the difference between setting up a Limited Company or being an employee of an Umbrella Company, you are likely to have already made the exciting decision to leave your permanent role to joining the rewarding world of contracting and freelancing.
No doubt you have received advice from many sources however, ultimately only you can decide if contracting is right for you and which option will suit your unique situation. The easy to follow diagram below will help you make your decision. If you do require more detail, why not downloading our Guide to Umbrella Employment or Visit the Umbrella Companies Hub.
Alternatively, give us a call on: 01296 468 185
*Assumptions based on 1000L tax code, £350 per month expenses, the contract being outside of IR35 and Flat Rate VAT (FRV) for the company is 12%
Learn more about an umbrella Company
- Umbrella Companies - How it Works
- How to Choose an Umbrella Company
- Calculating Your Take Home Pay at Orange Genie Umbrella
- Compliance and the Contingent Workforce
- Orange Genie Umbrella or Agency PAYE?
A Recruiter's Guide - A Contractor’s Guide to Choosing a Tax Efficient Salary 2020/21
- The top 5 things you must consider before joining an
Umbrella Company - Choosing the Right Umbrella Company: A Contractor’s Guide