Umbrella and Payroll Services 

About CWC Solutions

Uniquely in this sector, CWC Solutions provides both umbrella company and outsourced payroll services which are tailored to the individual needs of a business, worker or contractor.

Umbrella Company

Generally, an agency worker or freelancer chooses an umbrella company when their employment income must be treated under PAYE. CWC Solutions becomes their employer and provides continuity in their tax affairs and employment, meeting all the statutory requirements of an employer. Since April 2020 and due to a change in legislation, the company margin is effectively paid by the hirer or agency. For more information follow the above link. 

 

Payroll Services

Often, agencies, small companies and individuals do not have access to an internal payroll department, but a well used business tool is the outsourced payroll service, sometimes known as a payroll bureau, which manages all administrative and statutory requirements for a fraction of the cost of setting up a payroll department. 
Where workers are not being paid ‘off-payroll’ a comprehensive payroll service is provided rather than an umbrella service, for more information follow the above link.

 

Contact Us

Off-Payroll Working Rules

If it is determined that the Intermediaries’ Legislation, known as IR35, applies to any contract, then contractors are required to process a salary of around 75%-85% of company income, with the balance paying the employer NI contribution on the salary and allowable expenses.

Known as the Off-Payroll Working rules, from April 2021 and where contractors are working for medium to large business, it will be the hirers’ responsibility to process contract payments under PAYE if it is deemed that IR35 would apply to the contract. The hirer is required to pay the employer costs as an addition to the contract payment made to limited company contractors, so contract values may be reduced.

Contractors and hirers need payroll specialists with expertise in the application of these legislations, or a specialist umbrella company when it is no longer viable to provide labour or services through a one man limited company. CWC Solutions has proven expertise and a range of services to manage the transition to a new way of contracting.

Contact Us

Blog

Umbrella Companies and Pay Rates

Many people who are paid as an employee of an umbrella company can’t understand why the employer NI contribution and other employer costs are apparently deducted from what they take[…]

Read more

Thinking of Closing Your Company?

The off-payroll working rules were designed to ensure that any contractor who is working like an employee pays employment taxes, but hirers are tending to adopt internal policies on hiring[…]

Read more

Contact CWC Solutions

Looking for an umbrella company to manage employment income under PAYE?  Or a fast and efficient outsourced payroll service? Do you need assistance with employment status enquiries, tax investigations or other HMRC correspondence? 
How can we help you? Simply let us know what you are looking for…