PAYE Umbrella Companies
PAYE Umbrella Companies - Finding the right one
Umbrella companies are ten-a-penny and finding the right one can take a considerable amount of time and effort. The huge variation in quality of service offered by PAYE umbrella companies means that trying your look with less reputable operators can be a big mistake. But if you want to avoid sifting through hundreds of PAYE umbrella companies about pages, or avoid getting lumbered with a costly, low quality umbrella contractor service, OrangeGenie is your best option.
The whole point of PAYE umbrella companies is to make freelance contractors' lives easier. A good umbrella company should take the sting out of tax returns, contractual agreements, and paperwork, allowing workers to focus on the job at hand.
But this is where many PAYE umbrella companies draw the line. When it comes to dealing with travel to and from temporary workplaces or searching for new jobs, many PAYE umbrella companies take a step back.
Not OrangeGenie. We pride ourselves on offering a level of service above and beyond our rivals, which is why we have more than 12,000 satisfied freelance contractors on our books.
The cost of PAYE umbrella companies
Price is usually the most important consideration for freelance contractors when it comes to differentiating between PAYE umbrella companies. But price is not the only thing that freelance contractors should consider.
It is true that typical monthly fees at PAYE umbrella contractors are anything but typical. Prices can vary dramatically. But as well as varying cost, levels of service can also swing from exceptional to non-existent, and unfortunately the cost of individual PAYE umbrella companies is often not indicative of the amount of support that they offer to contractors.
One of the things to watch out for when it comes to the cost of PAYE umbrella companies is additional, hidden costs. Some PAYE umbrella companies charge freelance contractors a percentage of their total invoice revenue - as opposed to the weekly fee charged at OrangeGenie. This means that freelance contractors - particularly high earners - can be stung with a huge bill if they opt for one of the many fee charging PAYE umbrella companies.
Even if earnings-related fee-charging PAYE umbrella companies cap the amount they bill individual contractors, workers will often end up stumping up more cash than they would have if they signed up with a fixed-fee firm.
What should be expected of quality PAYE umbrella companies?
Low cost, as mentioned above, is something that all freelance contractors expect when sifting through PAYE umbrella companies. The average cost for PAYE umbrella companies in the UK is between £25 and £30 a week. OrangeGenie offers freelance contractors excellent rates that are substantially below the national average - making us an excellent choice.
But cost isn't everything - even if it is surprisingly low! Any well structured umbrella company should offer a full employment service from start to finish. This should include a full contract of employment, HR support, guaranteed work hours, invoicing solutions and of course PAYE and National Insurance contributions support - all of which are offered by OrangeGenie.
Good PAYE umbrella companies will also go the extra mile for their contractors - collecting payments from clients, calculating tax and paying their workers promptly, with cash going straight into their bank accounts.
When compared with many PAYE umbrella companies, OrangeGenie goes the extra mile and then some. As well as many of the standard services expected of PAYE umbrella companies, OrangeGenie has completely transparent pricing, no fees between assignments and travel support whilst on temporary placements.
In short, freelance contractors need to look no further than OrangeGenie when selecting from the plethora of PAYE umbrella companies operating in the UK.