Umbrella Companies?
Discussion
Some advice from the PH business community, please.
So a few years back I had a somewhat unwanted career change. The Company I was a partner in didn't go bust, it paid all its bills, but it had to stop trading. I went and got a full-time job. Perfectly good job. Well paid etc.
I am not leaving my job. (At the moment).
An old client has been in touch. They need some help with a couple of the systems I wrote them. I want to help them out - and also I will be paid. The old client employs a prime contractor who will be the entity I bill for the work.
But the prime requires a Limited Company to do business with.
So I either form one again with all the overheads and b
ks OR I go with one of the Umbrella Companies. Now I still have an accountant who could be persuaded to do the work for a Limited, but the Umbrella could be a cheaper option...do I really want my own PAYE scheme and nonsense you have to do as a Ltd.
So. Has anyone had experience with an Umbrella service? I won't be working for my old client much - a few days a year. Stuff I can do in evenings and weekends and by taking the odd day's holiday. So not a great deal of revenue is going to be pushed through whichever channel I choose.
Ideas or recommendations would be much appreciated.
So a few years back I had a somewhat unwanted career change. The Company I was a partner in didn't go bust, it paid all its bills, but it had to stop trading. I went and got a full-time job. Perfectly good job. Well paid etc.
I am not leaving my job. (At the moment).
An old client has been in touch. They need some help with a couple of the systems I wrote them. I want to help them out - and also I will be paid. The old client employs a prime contractor who will be the entity I bill for the work.
But the prime requires a Limited Company to do business with.
So I either form one again with all the overheads and b
ks OR I go with one of the Umbrella Companies. Now I still have an accountant who could be persuaded to do the work for a Limited, but the Umbrella could be a cheaper option...do I really want my own PAYE scheme and nonsense you have to do as a Ltd.So. Has anyone had experience with an Umbrella service? I won't be working for my old client much - a few days a year. Stuff I can do in evenings and weekends and by taking the odd day's holiday. So not a great deal of revenue is going to be pushed through whichever channel I choose.
Ideas or recommendations would be much appreciated.
Eric Mc said:
They may also be breaching human rights law as well as a host of employment and other regulations.
Yeah. But if I want to do business with 'em I don't have much choice.Running a Limited costs a fair whack. Take that out of the (tiny) amounts of revenue I expect to get and it makes it a less attractive proposition altogether. I'll be phoning an Umbrella today to see if what I want to do is something they can handle.
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