22
edits
Contracting: Difference between revisions
Jump to navigation
Jump to search
no edit summary
No edit summary |
No edit summary |
||
| Line 64: | Line 64: | ||
</ul> | </ul> | ||
</p> | |||
''Umbrella Company'' | <p>''Umbrella Company''</p> | ||
<p> | |||
An Umbrella company is essentially a payroll agency. They put you on their books for a monthly fee. | An Umbrella company is essentially a payroll agency. They put you on their books for a monthly fee. | ||
You send them your monthly invoices and expenses; They collect the cash, do your monthly payroll, pay your tax, | You send them your monthly invoices and expenses; They collect the cash, do your monthly payroll, pay your tax, | ||
| Line 81: | Line 82: | ||
<li>Most payroll companies will not expense capital purchases, i.e.: Purchasing a computer for business use.</li> | <li>Most payroll companies will not expense capital purchases, i.e.: Purchasing a computer for business use.</li> | ||
</ul> | </ul> | ||
</p> | |||
| Line 106: | Line 107: | ||
</p> | </p> | ||
''Limited Company'' | <p>''Limited Company''</p> | ||
<p> | |||
A Limited Company is a registered company with limited liability and directors, and all that grown up stuff. | A Limited Company is a registered company with limited liability and directors, and all that grown up stuff. | ||
| Line 126: | Line 128: | ||
<li>Does not look professional.</li> | <li>Does not look professional.</li> | ||
</ul> | </ul> | ||
</p> | |||