Umbrella
Umbrella For Contractors with Axia
Traditionally, Umbrella has been the most popular payroll model chosen by agencies and contractors alike. However, since the new legislation in April 2016 this model may not be the most appropriate for everyone. This has adjusted how contractors can now claim tax relief on travel and sustenance, however our Umbrella solution empowers contractors to optimize their income by facilitating the reclaiming of legitimate business-related expenses; contingent upon their Supervision, Direction, Control (SDC) status, whether it’s allowable travel, related to Personal Protective Equipment(PPE) and/or incurred subsistence costs.
Our proficient team assists contractors in navigating the complexities of expense claims. We provide invaluable insights into eligible expenses, ensuring clarity on what can and cannot be claimed, thereby simplifying the entire process.
Compliance with HM Revenue and Customs (HMRC) regulations is paramount in all our endeavours. We prioritize adherence to regulations to ensure that all work conducted under our umbrella scheme is fully compliant, providing peace of mind for contractors.
Why choose Umbrella?
- Contractors operating under supervision, direction, or control face minimal burden concerning financial paperwork and tax obligations. Since they function as employees rather than independent traders, the responsibility for financial documentation lies with the employer.
- Contracting offers a myriad of advantages coupled with the security of employment benefits. Contractors enjoy perks such as holiday pay, Statutory Sick Pay (SSP), and insurance coverage, all while retaining the flexibility inherent in contracting arrangements.
- Contractors benefit from robust support systems provided by human resources and health & safety departments. These resources ensure contractors receive effective assistance and guidance in various aspects of their work.
- With personal accident cover in place, contractors receive compensation in the event of work-related injuries or accidents that render them unable to work. This insurance coverage provides added financial security and peace of mind.
- Continuous employment as a contractor contributes to an enhanced credit status. Contractors’ consistent employment history reflects positively on their creditworthiness, facilitating access to financial opportunities.
Key Benefits of Umbrella with Axia Group
- Fast and easy registration
- Fully Compliant with all governmental legislation
- Free online portal to manage your account
- Tax and National insurance Contributions paid at source
- Fully employment status