Umbrella Companies make it very easy to work as a Contractor. All you have to do is generate billings and send in regular timesheets and expense claims… the Umbrella Company does the rest!
Are you a highly skilled contractor on a UK Work Visa? Do you need a Contractor Solution to deal with project billings? If so Commonwealth Contractors can help!
At Commonwealth Contractors we work with Umbrella Companies who specialise in dealing with highly skilled expat contractors. To discuss your situation with a highly experienced advisor call Commonwealth Contractors now on 0330 390 9021 or Submit your Details and we will get right back to you!
What do you need to do?
|At the end of each week or month you need to complete either a:
The Umbrella Company will then raise an invoice to the client or agency and reconcile funds as they arrive to ensure that everything is in order.
Submit Expense Claims
|To claim expenses you normally need to complete an expense claim form, attach original receipts to prove that the expense was genuinely incurred and send it in to the Umbrella Company for processing.
It is important to ensure that expenses are claimed in line with the Umbrella Companies expense policy. If they are not in line with the policy they will more than likely be disallowed (which could hold up your payment).
What will the Umbrella Company do?
|A representative of the Umbrella Company will:
|Invoices are normally raised as soon as signed timesheets have been provided. However, they may not be required in the case of Self Billing Payments.
|The Umbrella Company will deal with any credit control issues if the Client / Agency has not paid an invoice. If there are issues with a payment the Umbrella Company will resolve them
Process Expense Claims
|Once received expense claims need to be checked and approved. The Umbrella Company will ensure that a claim is within policy. If there are any disallowed items the contractor is normally informed and any issues resolved.
Deduct Tax & National Insurance
|When running payroll the Umbrella Company will deduct:
Tax payments are made to the HMRC on your behalf.
|Salary and Expense payments are normally made on weekly or monthly basis depending upon client / agency payment terms. Payments normally take 3 working days to clear further to the BACS payment system.
Provide Payment Documentation
|Payslips and either posted out or sent electronically. A breakdown of the payment is normally also provided in order to provide complete transparency.
Find out More
To find out more about Commonwealth Contractors call now on 0330 390 9021 or Submit your Details and we will get right back to you!