Why use Umbrella Companies

Why use Umbrella Companies

Despite having been around for years, umbrella companies are still the only game in town when it comes to rock-solid, HMRC friendly tax solutions for contractors. Along the way umbrella companies have seen off Managed Service Companies, Offshore Solutions, Employee Benefit Trusts and various other Employed Solutions. When it comes to cutting out admin and paperwork and increasing take home pay, umbrella companies are still where it’s at!

Even better, our own umbrella company solution has been tweaked to reflect the latest rules and regulations and to allow us to better maximise income retention and offer many benefits not available at other umbrella companies. Here at Hamilton Bradbury our umbrella company solution offers the following benefits:

 

 

Full Statutory Rights as an Employee – Working as an employee of our umbrella company will entitle you to all the statutory benefits of employment, including holidays, maternity leave and sick pay.

 

Complete Insurance Coverage – As a contractor working for Hamilton Bradbury we will cover all of your insurance needs, providing total cover for public and professional liability. Our insurance provision levels are some of the best on the market, covering you for up to £5 million in Public Liability Insurance, £10 million in Employers Liability Insurance and £10 million in Professional Indemnity Insurance. In addition, we also offer a wide range of profession-specific insurances that cover most of the areas of contracting.

 

Say Goodbye to Paperwork and Admin – This of course is the chief benefit of joining an umbrella company and we’ve designed our own umbrella solution to ensure that you never have to worry about admin again! We will take care of every last form, fax and task that relates to the smooth running of your contracting career, leaving you to concentrate on the stuff that matters – finding work and making money. No more sending out invoices, chasing invoices, phoning people who haven’t paid or filling out endless forms for HMRC. We do all that for you. The only thing you have to do is submit a timesheet once a week via our online portal:

 

Secure Online Portal – We’ve built an easy-to-use and secure online portal for you to keep all your details in one place and where you can submit your timesheets whenever you want. Once logged in you can check on your assignments, keep an eye on your pay and your invoices and fill out any expenses you might have incurred. Submit your timesheets here and then log back in later to check the payments have gone into your account.

 

Speedy Payments – We guarantee that you’ll get your money the same day we do. What’s more as soon as it is transferred over we will send you a text and you will also be able to see details in your portal area.

 

A Dedicated Account Manager – Our contractors don’t often experience any problems but in case you do we’ll be giving you your own dedicated account manager. If you have a query or are looking for advice or even just want a chat, give your account manager a call! We value our contractors and you will never feel like you are being passed around from person to person.

 

Rock Solid Compliance – Umbrella companies have been around for years and are the safest way to get the best returns on your money without going through the hassles (and paperwork) of a Limited Company. No worries about IR35 or HMRC knocking at your door as you will be working for our umbrella company.