About Contractor market
Contractor Market: The Ultimate Comparison Site for Umbrella Companies
Contractor Market is the UK's leading comparison site for umbrella companies, offering a gold trusted service to help contractors maximise their net earnings and make their lives easier. With years of experience in the industry, Contractor Market has established itself as a reliable and trustworthy platform that connects contractors with the best umbrella companies in the market.
What is an Umbrella Company?
An umbrella company is a type of employment intermediary that acts as an employer to contractors who work on temporary assignments. The contractor becomes an employee of the umbrella company, which handles all administrative tasks such as invoicing clients, collecting payments, deducting taxes and national insurance contributions (NICs), and paying the contractor's salary.
Why Choose Contractor Market?
Choosing an umbrella company can be overwhelming, especially if you're new to contracting or have limited knowledge about tax laws and regulations. That's where Contractor Market comes in - we do all the hard work for you by researching and comparing different umbrella companies based on your specific needs.
Our team of experts has extensive knowledge about the industry and keeps up-to-date with any changes or updates that may affect our clients. We only partner with reputable umbrella companies that meet our strict criteria for quality service delivery.
How Does It Work?
Using Contractor Market is easy - simply fill out our online form with your details such as job title, hourly rate, working hours per week/month/year etc., and we'll provide you with a list of recommended umbrella companies that match your requirements.
You can then compare each company based on factors such as fees charged (including any hidden costs), level of customer support provided (e.g., phone/email/live chat), payment processing timeframes (e.g., weekly/fortnightly/monthly), insurance coverage offered (e.g., professional indemnity/public liability/employer's liability) etc.
Once you've made your decision, we'll guide you through every step of the process, from signing up with the chosen umbrella company to submitting timesheets and expenses claims. We'll also provide ongoing support throughout your contract period to ensure that you're satisfied with the service provided.
Benefits of Using an Umbrella Company
Using an umbrella company has several benefits for contractors, including:
1. Maximising net earnings - by claiming legitimate expenses such as travel, accommodation, meals etc., you can reduce your taxable income and increase your take-home pay.
2. Simplifying administrative tasks - by outsourcing invoicing, payment collection and tax calculations to the umbrella company, you can focus on your core work without worrying about paperwork.
3. Accessing employee benefits - as an employee of the umbrella company, you may be eligible for certain benefits such as sick pay, maternity/paternity leave etc., which are not available to self-employed contractors.
4. Minimising risk - by working through a reputable umbrella company that provides insurance coverage (e.g., professional indemnity/public liability/employer's liability), you can protect yourself against potential legal or financial liabilities arising from your work.
Conclusion
Contractor Market is more than just a comparison site - we're a partner who understands your needs and works tirelessly to ensure that you get the best possible service from our trusted partners. Whether you're a seasoned contractor or just starting out in the industry, we're here to help make your life easier and maximise your net earnings. So why wait? Sign up today and experience the Contractor Market difference!