Whether this is your first time contracting or you have done so before we will take the time to ensure you are fully aware of what you need to know.
An umbrella company allows you to work through multiple end clients whilst retaining a single source of employment for that work. An umbrella company acts as your employer meaning that you will enjoy all the benefits of a full-time employee including (but not limited to) holiday pay, maternity/paternity and statutory sick pay. When you complete work for your agency and submit your timesheet to the agency. Your agency will pay Accent and we in turn will pay you same day, typically within 60 minutes, the funds to you minus all necessary statutory deductions.
An umbrella company acts as a payroll provider to facilitate your payments from your agency into personal account minus all the statutory deductions. This eliminates the requirement and associated costs of an Accountant to complete your self-assessment on your behalf. Vancula processes payments every working day from 9am-7pm. One of the many advantages using an umbrella company over going regular PAYE, often called Direct Engagement is that you can work for multiple end clients under one umbrella company, the benefit of which is a lower rate of tax while servicing multiple contracts.
For all work that falls inside IR35 in both the Public and Private sectors, you do need to either use an umbrella company or be paid direct PAYE. Most contractors now use an umbrella company to ensure peace of mind whilst at the same time reducing their ongoing administration.
Free, non contributory health cash plan for each client.
Full employed status and all statutory employment rights.
Using the latest payments platforms, monies are transferred within minutes of receipt, subject to incoming payments being received.
Your tax and N.I submissions reported accurately and on time, every time.
You are covered, Professional and Public Liability cover as standard.
Bespoke in house software automating the process from start to finish and tailored to your reporting requirements.
