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Umbrella or limited. Limited or umbrella. It’s one of the first questions on the mind of any new contractor. The avenue you decide will dictate your level of control, your take home pay and your responsibilities, but do you know which is best for you?
It could be that you’re only planning on contracting for a short period of time. Or perhaps you’re not earning as much as you’d like. Whatever your reason for choosing to work under an umbrella, we’ve got you covered.
We may be contractor accounting specialists, but we work closely with our sister company, Parasol, to provide umbrella employment services. So we know a thing or two about working under an umbrella as well.
We’ve put together all of the information you’ll need about the differences between a limited company and an umbrella and what each could mean for you. There’s also plenty of information about what the day-to-day will mean for you and your responsibilities, so you’re always prepared.
In April 2017, the Good Work Plan was published. Our guide contains a summary of the legislation implemented as a result in April 2020.
Compare umbrella companies with limited company options, to see which is the most cost efficient solution that suits your circumstances.
If you're looking to work through an umbrella company, take a look at our top tips on choosing an umbrella company that is right for you.
What travel and subsistence costs can you claim as an umbrella employee? We’ve outlined all in our guide, along with what the SDC changes mean for you.
If you’re self-employed, you'll need to be aware of the Agency Workers Regulations (AWR). We've looked at how AWR could impact your contract.
Considering working through an umbrella company? Read our guide to find out whether this is the right option for you and to calculate your take home pay.