Umbrella Vs LTD Company

Will an Umbrella company suit your needs?

Contractors who will suit the Umbrella service are:

• First-time contractors that need a quick and easy start-up method.
• Contractors who wish to optimise their net pay and protect their tax position.
• Contractors who require a cost-effective solution.
• Contractors who want the security of an employment status.
• Contractors who are caught by IR35 or want the threat of IR35 taken away.

Will a LTD company suit your needs?

Contractors who will suit the Ltd services are:

• Contractors that want the most tax-efficient way of working.
• Contractors that are truly independent and want to take complete control of their financial affairs.
• Contractors that require flexible tax planning and management of business monies.
• Contractors that want the freedom of a self employed status.
• Contractors that fall outside the scope of IR35 legislation.

Both Umbrella and Ltd Company offer their own advantages and the correct option for you is dependent on your individual circumstances. Black Diamond is happy to help you make an informed choice by giving you expert advice that is tailored to your needs.