Tax and accounting requirements a source of confusion. Trafalgar knowledge base articles aim to help explain the most frequently questioned topics and give you a better understanding of the value we give your business.

Knowledge Base

Umbrella Company Benefits

28 April, 2010

Contractors generally have responsibilities that take more time than planned for. While the financial benefits of contracting are very attractive, finding work and negotiating terms and conditions, as well as being responsible for managing finances, tax and national insurance contributions are time consuming and costly.

Some of the key benefits of Umbrella Companies are:

  • Competitive pre-arranged fees
  • Fees are only charged while you are actually working
  • Guaranteed monthly income regardless of whether funds have been received from clients or agencies
  • Online services for submitting timesheets, expenses, invoicing and other documents
  • 24 hour online access to your account information
  • Contributory pension scheme and life assurance
  • Private medical cover and travel insurance
  • Income protection and mortgages
  • No charges or hidden extras
  • Arranging for contractors to convert to Limited Companies if this becomes a necessity

If you are a contractor and are looking for a compliant payroll solution, give us a call today to discuss our services. We provide no-obligation advice on the best solution for you.

For a no-obligation chat call us on 020 7940 1990