Umbrella or Limited
If you are an experienced contractor, especially one who sees contracting as a long-term career, you may be considering the rewards and satisfaction of starting your own limited company. If you are deciding on Umbrella or Limited Company services, the experts at 360 are on hand to offer you professional advice on the best option for you. Whichever service you decide on, 360 will pay you quickly, as we run payroll every day.
Remaining or switching to the 360 umbrella service is ideal for you if:
• you are looking for simple solutions for short term contracts
• you don’t want the inconveniences of owning and running your own limited company
• you want the flexibility of contracting with all the benefits of being employed
Once you have instructed 360 as your employer all you will need to do is submit your timesheets and expenses through our secure 24hr online portal and then leave the rest up us. Your dedicated Account Manager will take care of sending your invoice to the agency or client, chasing payment when it’s due and then transferring your net pay direct to your bank account through our faster payment system.
As well as access to a huge range of benefits, ranging from statutory sick or maternity pay to free financial advice and pension options, we are one of the few companies that operate daily pay runs, and our same day CHAPs payment means you will have instant access to your payments.
Becoming a Director of a limited company is a compliant, tax efficient and flexible solution, enabling you to maximise your income. Whether you choose to have other employees or Directors is a choice you make, however, the principle is the same, and fully supported by the business relationship you will have with the experts at the 360 Group.
Starting a limited company can often seem a daunting prospect when considering the day to day administration involved, and the legal requirements all limited companies have to comply with.
However with 360, the burden of setting up and running a limited business is completely removed with our fixed fee all-inclusive service, so you can concentrate on your clients and business. As well as having a dedicated account manager this includes:
• company formation
• setting up of your bank account
• invoicing your clients
• monthly payroll
• annual account preparation
• corporation tax returns
For more information on whether the umbrella or limited company option is right for you, call one of our expert team today on 020 7471 3500