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Onshore Umbrella Companies:
planIT
Limited & Umbrella
Company Services
for IT Contractors
Brookson
Daily accounting*
'One number'
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Parasol
Award winning co.
47,000 satisfied
Contractors

Umbrella paraplus
Maximise your pay.
Low fees and
clear processes
Offshore Umbrella Companies:
AML
Take home min 85%
No IR35 worries
Fast , easy to join
HELIX MANAGEMENT
90% pay retention
More money….
Less Hassle
Bedouin
Give yourself a
payrise Up to 25% more
87% Take Home
No Start/Exit Fees No Admin Hassle IR35 Compliant
CONTRACTA
Safest 85% scheme
IR35 Friendly
Fast Payments
IT Accountants:
Brookson
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'One number'
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Reconnect with contractors you used to work with. They may know of some contracts going or join our FaceBook page to get your articles instantly as soon as they are loaded
HMRC extends deadline for Self Assessment tax returns (0 Comments)
Because of the strike
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Once upon a time agents did their jobs well
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They should look to the US for how to do it better
IT Contractor Fury as RBS boss gorges on Million Pound Bonus (7 Comments)
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The problems IT Contractor have when branching out (1 Comments)
Selling your services directly to clients and presenting yourself as a credible company is still going to be the difficult bit
Parasol Umbrella Company go from strength to strength (1 Comments)
Ex IT Contractor Rob Crossland sees a bright future with fresh cash injections for Parasol as he takes it international
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There are two ways of looking at this
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I have been IT contracting for nearly 20 years now and have met lots of people who have irritated me in some way
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Maybe employers are thinking that this is a good time to bag a few contractors thinking that they must be having a hard time in the downturn
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I have put loads of contractors in touch with agencies but never get any money for them.
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Umbrella Companies

Umbrella Companies didn’t exist until 1999. The sprung up in response to the new IR35 tax. Those IT contractors who believed that they were in business on their own account continued to operate through Limited Companies. Those that felt they may be caught by IR35 joined Umbrella Companies. As a result they are able to offset a certain amount of expenses against tax which they couldn’t do if they just paid the IR35 tax.

Being in one of those Umbrella Companies is often a lifestyle choice for contractors as it allows them to concentrate on their core competency which is IT Contracting. They don’t have to do their own book keeping and don’t have to hire an accountant to do their taxes. They find this suits them best.

There are now more than 200,000 UK Contractors. Almost half of them IT Contractors, operating through these Umbrella Companies which is about 14% of the total and that number is expected to grow now that the Government has given them their seal of approval.

In their recent review of IR 35 the Government decided not to scrap it and the main reason given for this was that there was a danger that many contractors would leave Umbrella Companies and operate through Limited Companies.

The Government did not see that as a good thing so it would not be surprise if Government legislation pushed more IT contractors out of Limited Companies and into Umbrella Companies.



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