Despite the fact that working via an umbrella company is now an accepted and popular practice amon…

Despite the fact that working via an umbrella company is now an accepted and popular practice amongst contractors, there are still many people out there in the contracting/freelancing community and beyond who do not understand what umbrella companies are and how they work – or the benefits they can bring. Indeed many contractors still lump umbrella companies along with Managed Service Companies and other intermediaries as part of the group that often gets its’ collar felt by the men at HMRC. In fact, as we shall see, the opposite is true and umbrella companies are fast becoming the default and most secure way for contractors to manage their earnings. This article will look at some of the