Essex, UK – Freelancing is a tough job to take on no matter the service the contractor is providing but it isn’t all bad! Freelancers are completely independent; they create their own schedule and their own work environment. But, unfortunately, those who choose to be their own employer may find difficulty building a client base at first, getting used to the solitary lifestyle, and doing their taxes.
While people tend to resolve the first two issues, they always tend to have some type of trouble with filing taxes. But now, Unified yroll can serve as the middleman that many freelancers need when handling their taxes.
Unified Payroll is one of many umbrella companies in the UK that is dedicated to being the intermediary between freelancers and the end client. They deal with administrative tasks with a particular focus on tax-based work and payroll. When their clients get paid, the money that they’ve made will be collected by Unified Payroll. From there, the company will deduct the taxes and fees so their client doesn’t have to do it themselves. This means they’ll deduct National Insurance, PAYE, and their own administration fee. The remainder of the income will be given to their clients. This type of service helps relieve the stress that comes with figuring out taxes on one’s own. Learn more about what they do at http://unifiedpayroll.co.uk/.
Some are skeptical of HMRC umbrella companies, worried that they can’t fulfill the promises that are often made. On the contrary,umbrella companies are there to target certain areas that freelancers and business need help with. They’re there to improve the extent to which individuals pay taxes and help them receive the credits and payments they’re entitled to. They’re also there to improve overall customer experience by supporting the business and reducing compliance burden. Ultimately, they’re meant to balance the working environment in the UK so that it remains a competitive location to do business.
Freelancing can be an extremely rewarding path for those who enjoy freedom when they work and are great at managing themselves. While freelancing seems appealing, those interested have to keep in mind the drawbacks of pursuing independent work. Luckily, there are HMRC umbrella companies such as Unified Payroll that can help with difficult tasks such as payroll and taxes.
Company Name: Unified Payroll
Contact Person: Media Relations
Email: Send Email
Phone: 01268 669 979
State: Essex SS15 6ED
Country: United Kingdom