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Blog - Optimum

Welcome to our Blog! Here, you’ll find a collection of helpful in-depth guides, along with all the latest goings-on in the world of Umbrella Payroll and Contracting.

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How to pay overseas employees. Paying an employee working overseas is a little more complex than those working on home soil. You need to be aware of various requirements and employment laws, which is further complicated by the...
What is a tax return? A tax return is one of the most important documents you need when in any kind of employment. It’s a document issued by HMRC every tax year, from 6 April to 5 April the following year, and provide...
Set up a Limited Company in these simple steps. So, you’re interested in setting up a limited company as a sole trader? Well, we’ve put together a simple guide with all the information you need to get started. By becoming a sole trader, you ru...
PAYE Vs Umbrella: everything you need to know. You’ve probably heard PAYE and Umbrella mentioned countless times, but what exactly do both entail? We here at Optimum Pay Group provide a brief rundown of the two services so you don’t have to go Google crazy trying to find out.
Benefits of using an Umbrella company. 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 stresses of handling finances.
Limited company vs umbrella: what’s the difference? Understanding the differences between operating through your own limited company or being paid via umbrella is very important in your first steps towards contracting. We’ve broken each option dow...
What is the construction industry scheme? If you work within the construction industry, it’s important to know about the Construction Industry Scheme (CIS).    What is CIS? Simply put, it’s a tax deduction scheme, which involves tax bein...
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