Titanium Limited

Titanium Consulting Launch Umbrella Company Resource

Titanium Consulting
today announced the launch of
http://www.umbrella-company.co
a resource aimed at the UK
Umbrella Company
, Recruitment and Contractor Mortgage and Insurance industry.

One in seven workers in the UK choose to work for themselves; freelancing has become the preferred way of working for the very best talent in every sector.

With the ongoing growth in the UK’s “flexi force” of the contract and interim recruitment market Umbrella Companies have become the vehicle of choice for a range of contractors covering Doctors, Vets, IT, HGV/LGV drivers, nurses, teachers construction and other freelancers looking to avoid the hassles of running a limited company whilst maximising take home pay.

Combined with this growth the
PAYE Umbrella Company
has come even more to the fore with the abolition of Composite Companies.

The two options left for contractors and Freelancers are the PAYE Umbrella Company and Limited Companies.

IR35 does not apply to umbrella companies, because the contractor is an employee and is paid by PAYE and expenses – not dividends.

The new MSC tax rules of April 2007 have removed MSC’s from the scope of IR35: instead, all payments made by an MSC to a freelancer must be made on a PAYE basis, irrespective of the IR35 status of the contract.

Those service providers who provided a safe and reliable PAYE Umbrella Company option are now seeing the benefits of not sailing too close to the wind in providing safe and reliable Umbrella Companies.

Titanium Consulting
are an Interim Management,
SEO
and
Web Blog Design
company

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