New to Contracting – Umbrella Worx

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New to Contracting

Certified Company ISO 9001-2008

If you are new to contracting then welcome to a fast, exciting world of work.

You have probably already signed up with a recruitment agency who will find assignments for you and have indicated that to get paid you will need an umbrella company.

It’s probably the first time you have come across the term umbrella company and unsure what it is and why you need one. An Umbrella Company will act as your employer. This means that if you are registered with an agency, they will find you your assignment with a client but it is the Umbrella Company that ultimately pays and looks after you as an employee.

By working with UmbrellaWorx you will receive a first class service provided by a team of experienced contractor care specialists who will look after your payments and any payroll and HR questions you have. They will also ensure that for each assignment you have there will be a contract in place to safeguard and protect your interests.

Once you are set up with UmbrellaWorx we will contact your agency to let them know we are involved. Then the process is as follows:

Assignment Details

Your agency will let you know details of your assignment i.e. who your client is, where you are to supply your services, the hours you will work and how much your rate is.

Invoicing

When it comes to billing for your hours, you will let your agency know by completing their timesheet. At the same time let us know your hours and we will raise an invoice for your time spent on the assignment and send it to the agency.

Payment Made

We will chase for the invoice payment and when it is received we will process it and deduct the relevant employment taxes, our fee and pay you the net figure directly into your bank account via faster payments. Payments are processed immediately on the same day the funds clear and payment terms will be agreed with yourself and the agency at the start of the contract.

Payslip Issued

You will receive a payslip detailing your gross pay, relevant deductions and net pay.

If you switch over to a new agency simply let us know so that we can make contact with them and ensure that the correct contracts are in place before you work. By working through an umbrella company all your contracting engagements are under one cover, so you don’t have to worry about breaks in employment or emergency tax on your earnings.