Being responsible for finding your own payroll provider can be stressful, especially if you are new to contracting. There are two ways you can be paid as a contractor: by working with a PAYE umbrella company or through your own limited company.
Both of these payroll options come with their own advantages and disadvantages. Whether you should choose umbrella vs limited also depends on your working circumstances, experience as a contractor, contract length, rate of pay and how much paperwork you’re willing to do.
We’ve put together a comparison of working through an umbrella company versus a limited company to help you understand your options and which would be best for you.
Contact us for a more detailed explanation.