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Umbrella Companies:
Capital Umbrella
The Umbrella that
gives you more
First month free !
Umbrella paraplus
Maximise your pay.
Low fees and
clear processes
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
CONTRACTA
Safest 85% scheme
IR35 Friendly
Fast Payments
BESTPAY
Upto 91% Returns
Maximise Contracts
All Admin Done
87% Take Home
No Start/Exit Fees No Admin Hassle IR35 Compliant
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Join up to Contractors Reunited (0 Comments)
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 IR35 attack teams prepare to hunt down IT Contractors (0 Comments)
Three new IR35 Compliance Teams will start to approach contractors in the next few weeks so be on your guard and prepare
10 ways to pass the new IR35 Test from HMRC with flying colours (0 Comments)
Play the new HMRC IR35 game and take the test
PCG totally misunderstood the purpose of the IR35 Forum (0 Comments)
So says Kate Cottrell who replies to PCG claims about her motivation for being on the IR35 Forum
Kate Cottrell claims PCG IR35 Business Entity Tests was only 3rd option (0 Comments)
The Professional Contractors Group claims that their big idea the IR35 Business Entity Tests were one of the three options presented to the Government
Top tax consultant Kate Cottrell attacks foul mouthed PCG bully boys (0 Comments)
She missed an IR35 Forum meeting as she had been attacked for stating different views and was intimidated by excessive bad language
New Capital Umbrella Company launched (0 Comments)
Capital Umbrella launched last week with great ambitions to join the top Umbrella Companies
Fears stalks IT Contractors as HMRC IR35 hunting groups set up (0 Comments)
They will be based in 3 locations in the UK and they will soon be ready to pursue contractors
The IT Contractors who are earning a grand a day (0 Comments)
This area of the market is bucking the trend and IT Contractors are raking it in
Praveen has his main contract inside of IR35 (0 Comments)
Even though he went direct and has several other clients at the same time
We wanted to turn IR35 Business Tests into law say PCG (0 Comments)
The PCG rushed out a Press Release to counter tax expert Kate Cottrell who said that no one was interested in their IR35 Business Entity Tests
HMRC IR35 Business Entity Tests were the PCGs idea (0 Comments)
So says tax expert Kate Cottrell who pans the PCG and accuses them of being responsible for creating this monster
HMRC do a complete U Turn on IR35 (0 Comments)
This is not what we were led to believe
IR35 in a Nutshell as HMRC see it (0 Comments)
IR35 and how HMRC view it as to whether IT Contractors are inside or outside IR35
Costas was outside and then inside IR35 (0 Comments)
One of the scenarios that HMRC have cobbled up to show contractors if they are inside or outside of IR35
Why Hamish is outside IR35 (0 Comments)
This is one of HMRCs six IR35 scenarios
Why Juanita is Borderline IR35 (0 Comments)
This one of HMRCs six IR35 scenarios
HMRC to go hunting for IT Contractors (0 Comments)
They are setting up a team of 36 Compliance Officers to hunt them down for IR35 tax
Companies screaming out for Digital IT Contractors (0 Comments)
Companies are fighting for them as they see a massive skills shortage in this area
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Umbrella Company News | Which Umbrella Co? | Ask an Expert
HMRC launches IR35 Business Tests
It should be good for Umbrella Companies
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Danbro Umbrella Company give their views on the new IR35 Test
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Expert Analysis on the new IR35 Test
Umbrella Companies poised to benefit from new IR35 Test (0 Comments)
This could lead to a bonanza for Umbrella Companies
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It could be feeding frenzy time for them when it is introduced
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IR35

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Ten Advantages of being an IT Contractor
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First Time Contractors
Advice for Graduates coming into IT
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IT Umbrella Company Guide
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Umbrella Company Directory
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When you Leave a Client, How to Maximise the Chances of Coming Back
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Eight Alternative ways to get an IT Contract (that are not often used)
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Seven Reasons why an IT Contractor's CV will get binned
How Agencies and Clients now want to see CVs
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The Job Interview question only 1 in 200 answered
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Finances
Don't do what I did when I got into terrible tax trouble
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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