Using an umbrella company for your payroll
Deciding whether to work through a limited company, umbrella company, or agency PAYE can be confusing. However, finding the right option for you is not just about personal preference but also depends on your IR35 determination. For instance, if you are deemed inside IR35, then you may be better suited to working through an umbrella company.
Umbrella companies provide a reliable payroll service (PAYE) for contractors, freelancers, and temporary workers. Choosing an umbrella company means you do not need to worry about IR35, as you’ll be paid like a permanent employee (PAYE). The minimal ongoing administration required after registration and the flexibility to use the umbrella company as and when needed are additional benefits.
Churchill Knight Umbrella
If you’re in search of a compliant umbrella company, look no further than our sister company, Churchill Knight Umbrella. They offer an FCSA-accredited and SafeRec certified payroll service for contractors and freelancers in the UK. Since launching in 2016, they have quickly become one of the most popular umbrella companies in the UK and help thousands of contractors get paid monthly.
Churchill Knight Umbrella is committed to compliance and is an FCSA-accredited umbrella company. Having passed the strict assessment and auditing process, they’ve proven that their internal processes operate in accordance with HMRC legislation and uphold the highest standards of compliance within the industry.
Churchill Knight Umbrella is also a SafeRec certified umbrella company that provides complete transparency to employees using their service. Powered by AI, SafeRec’s auditing tool runs a series of rigorous audits and assessments on every payslip to ensure there are no signs of malpractice and that contractors and freelancers are being paid compliantly. SafeRec is free for all Churchill Knight Umbrella employees, and each payslip can be checked to ensure the payment is made per UK tax law and HMRC legislation.
If you register with Churchill Knight Umbrella, you can benefit from the following:
- Ongoing support from their Onboarding and Customer Service Teams
- Access to My Digital, their umbrella payroll app
- Same Day Faster Payments
- £25 million insurance cover
- Access to statutory employee benefits
- Minimal ongoing administration
- There is no period and no hidden costs
- Salary sacrifice service
- Churchill Knight Rewards
Our dedicated self-assessment tax department processes thousands of tax returns for UK taxpayers every year. If you need to submit a self-assessment, contact us today for a competitive quotation or call our friendly sales team on 01707 871622.
Churchill Knight Group enters exciting new chapter after acquisition
The Churchill Knight Group has been acquired by Magi GJJ Limited – a group of business professionals with extensive experience of building recruitment and recruitment payroll…
Autumn Budget 2024: What were the Chancellor’s key announcements?
Rachel Reeves has delivered her first Budget as Chancellor of the Exchequer and the first Labour Budget in 14 years. The Government has had to balance…
What is the penalty point system for late VAT returns and payments?
Since HMRC introduced the new VAT penalty regime in January 2023, we’ve observed an increase in the strict enforcement of VAT return deadlines and payments, as…
Benefits of using a Special-Purpose Vehicle company for buy-to-let property
If you want to invest in property and grow your property portfolio, you must consider how you purchase it. You can purchase property as an individual,…