

A PAYE Umbrella Company offers a contractor an alternative to being self-employed and managing a Ltd Company. The Umbrella Company deals with off-setting all legitimate business expenses, deducting NI and Tax, processing end of year tax returns, prepares invoices on your behalf, receives income from clients or agencies, and forwards you the correct amount net of PAYE & NI. This means the money you receive each week is yours to spend without worrying about self-assessment, payments on account and Class 4 NI contributions.
If you are a Contractor we can help you stay IR35 compliant, maximise your take home pay by off-setting legitimate business expenses, and handle invoicing your agency each week. With a PAYE Umbrella Company you work as an employee of the Umbrella Company, and the Umbrella Company takes care of paying your PAYE and NI.
With Simplify's PAYE Umbrella Company you only pay an administration fee when you are earning.
This means that there are no long term commitments from yourself, unlike having your own limited company where the costs continue irrespective of your earnings. An umbrella organisation is simply an administrative service for the modern contractor- taking all the hassles of you completing all the ltd paperwork, companies House Returns etc, and saving you both time and money! Read more »
You can almost hear a pin drop, as the entire contracting
world holds it’s collective breath waiting for the outcome of the review into
IR35.
At least it seems that the fact that a review is happening
has been universally welcomed, and most commentators would agree that it is
difficult to imagine anyone coming up with a more confusing set of rules than
we have in place now.