Deciding whether to work through an umbrella company, agency payroll or a limited company is a confusing process. Using an umbrella company is a hassle-free, safe and practical way for contractors to get paid on time. So is an Umbrella Company right for you and what are the benefits to consider?

Here are Ovations Umbrella’s top benefits:

Avoid IR35 hassle

What is IR35? Simply, IR35 refers to the United Kingdoms anti-avoidance tax legislation that was introduced to the UK in April 2000. It is designed to combat tax avoidance by workers, and the firms hiring them.

By becoming an umbrella employee, you wont need to worry about whether or not you’re inside or outside IR35. Contractors are simply employed by the umbrella company for law and for tax purposes. So you don’t have to worry about any IR35 hassle

Work flexibility

Being an umbrella company employee brings a lot of freedom! Ovations Umbrella’s services allow contractors to become flexible with their working arrangements. Allowing them to work in a way which suits their needs, whilst still having all of their rights of being employed.

Umbrella companies are a perfect solution if you are either new to the contracting world, in between permanent work or if you are working shorter contracts. Umbrella Companies are especially useful for those working in the public sector and private sectors.

PAYE Benefits

Being employed by an Umbrella Company allows you to have the best of both worlds! You are classed as an umbrella employee. This means you will receive all the benefits of being employed. Joining Ovations Umbrella will give you access to benefits like statutory sick pay and statutory maternity Pay. You will still have all of the freedoms and flex-abilities of being a contractor.

Ovations Umbrella is also insurance backed. As an Umbrella employee, you’ll automatically have comprehensive insurance cover for public liability, employers’ liability and professional indemnity.

Stress-free contracting

Focus on your day-to-day business. Using an umbrella company will make working as easy and stress-free as possible. Daily admin is taken care of for you. No more unexpected tax bills, your umbrella company makes all the necessary PAYE and NI deductions for HMRC. All you need to do is simply submit your time-sheet in just 2 steps through our platform. We take care of the rest!

Your payslip will clearly show any deductions for tax, as well as a breakdown of the money you have earned. Wages will then be paid into your bank. It couldn’t be more simple! Give yourself some peace of mind by knowing it is all being taken care of. This is an ideal option for busy contractors who have little time to spare.

Joining is easy!

Think an Umbrella company is right for you? Getting started is easy! You can sign up to Ovations Umbrella in a matter of minuets. Don’t worry about the hassle of paperwork, less to no paperwork is required when getting started with us.

At Ovations Umbrella we provide prompt on-boarding and payments. Your seamless on-boarding is our responsibility and with our weekly or monthly payment options, we’ll make sure you’re paid on time, every time.

We hope this helps! If you have anymore questions our team of experts are always available to advise you on your payroll, HMRC guidelines, IR35, or AWR regulations. Get a quick quote now https://ovationsumbrella.co.uk/get-a-quote/