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3 benefits of using umbrella companies

Umbrella companies have been at the forefront of business since the turn of the millennium, when IR35 went on the statute books and companies wanted to reduce the stress of handling finances.

 

However, there is still an aura of mystery and uncertainty surrounding Umbrella. To help you make the right decision, we’ve highlighted a list of key benefits we offer.

 

1. All financial responsibilities are on us

We understand the challenges of working in recruitment – balancing new clients and finding opportunities for candidates takes up most of your day. This leaves you with little time to handle financial responsibilities like payroll.

 

This is where Umbrella companies, like us, can help. Simply put, we become the employer for your candidate and take care of all financial and HR responsibilities. This includes timesheets, invoices and ensuring payroll is processed accurately and compliantly.

 

All daily tasks involving a contractor’s payment, including wage, sick pay, maternity/paternity pay, and National Insurance calculations will all be taken care of through us, freeing up more of your time to place candidates.   

 

2. No risk, no worries

It’s easy to let things get on top of you and sometimes mistakes do happen, which could unfortunately have financial repercussions.      

 

By appointing us to handle your payroll, you are not only free of the financial responsibilities, but also the risks of penalties from HMRC. We’ll handle all relevant checks, including IR35 and Home Office & Right to Work. We also produce a report every 3 months to ensure 100% compliance, constantly informing you about our progress so you know we aren’t messing you around.

 

3. What you see is what you get

Umbrella companies have gained a somewhat negative reputation thanks to other operations out there, however, these are often not fully compliant and will find loopholes to avoid correct tax contributions to individual tax and National Insurance to HMRC.

 

We, on the other hand, are completely transparent - what you see is what you get. Our aim is to provide a service that puts your journey at the forefront, complete with full 360 service, where all sales staff are fully trained to answer any questions you have. We see everyone as an individual and we’re here to help.

 

If you want to find out more, you can head over to our Services page where you’ll find an overview of everything we provide. You can also drop us an email or give us a call.

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