IT Contractor Umbrella Company Guide
IR35 Compliance
IR35 compliance spawned the birth of IT Contractor Umbrella Companies.
The Chancellor decided a number of years back that many IT Contractors were just 'disguised employees'. This was partly due to the new fashion of companies making some employees redundant on the Friday and taking them back as contractors on the Monday.
Whilst one can understand this the IR35 legislation that was brought in went much too far and caught many genuine IT Contractors in its net. This spawned the birth of the Professional Contractors Group which has been fighting the legislation ever since.
Many IT Contractors have decided to stay on the Limited Company path but a growing band has decided to join IT Contractor and Umbrella Companies both from the safety factor and the convenience (and because they think they may be caught by IR35).
IT Accountants
For those who decided to go the limited company route we have a directory of accredited Accountants who specialize in IT contracting and have long experience in helping them. They can be found at IT Accountants Directory
Company Set Up
IT Contractor now has now teamed up with long established Accountancy company Manager Group to set up a Company Set Up facility where IT Contractors can set up a limited company online for just £79 plus VAT. Indeed anyone setting up a limited company via this route will get a 25% discount on that price.
Included in that price will also be:- 1. PAYE Registration. 2. VAT Registration. 3. Tax Advice on Shareholders and Directors. 4. One IR35 contract opinion.
We have lots of other news and advice of value to IT Contractors, Umbrella companies and Contractor Mortgages as you will find if you look in the News, Advice, Jobs and Money sections and at the sub categories there at the top of each section.
IR35 compliance spawned the birth of IT Contractor Umbrella Companies.
The Chancellor decided a number of years back that many IT Contractors were just 'disguised employees'. This was partly due to the new fashion of companies making some employees redundant on the Friday and taking them back as contractors on the Monday.
Whilst one can understand this the IR35 legislation that was brought in went much too far and caught many genuine IT Contractors in its net. This spawned the birth of the Professional Contractors Group which has been fighting the legislation ever since.
Many IT Contractors have decided to stay on the Limited Company path but a growing band has decided to join IT Contractor and Umbrella Companies both from the safety factor and the convenience (and because they think they may be caught by IR35).
IT Accountants
For those who decided to go the limited company route we have a directory of accredited Accountants who specialize in IT contracting and have long experience in helping them. They can be found at IT Accountants Directory
Company Set Up
IT Contractor now has now teamed up with long established Accountancy company Manager Group to set up a Company Set Up facility where IT Contractors can set up a limited company online for just £79 plus VAT. Indeed anyone setting up a limited company via this route will get a 25% discount on that price.
Included in that price will also be:- 1. PAYE Registration. 2. VAT Registration. 3. Tax Advice on Shareholders and Directors. 4. One IR35 contract opinion.
We have lots of other news and advice of value to IT Contractors, Umbrella companies and Contractor Mortgages as you will find if you look in the News, Advice, Jobs and Money sections and at the sub categories there at the top of each section.
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