Umbrella Company Glossary
Brought to you by umbrellacompanies.org.uk
There is a misconception that umbrella companies are highly complicated. While there is plenty of information to get your head around, they’re far more straightforward than you might have imagined.
To help you understand umbrella companies better, we’ve created an umbrella company glossary that provides simplified definitions for many of the key terms and topics surrounding umbrella companies. Our site is full of resources to assist contractors and freelancers, and many of the definitions below link to further information that we hope you find helpful.
There are currently 5 Umbrella Company Terms in this directory beginning with the letter C.
C
Contract Eye
Established in 2006, Contract Eye is a leading source of information designed to help temporary workers flourish within their sector. Visit the website for information to help you understand contracting and to help you understand limited company contracting and working through an umbrella company.
Contract of Employment
Before you officially complete your registration with an umbrella company and can receive payments, you will need to thoroughly review a contract of employment that the umbrella will send you. Assuming you’re happy with its content, sign the Contract of Employment and return it to the umbrella to complete the onboarding processes.
Contractor Accountant
Many contractors prefer to operate through a personal service company (PSC) – a limited company. This is a popular option for those working on assignments outside IR35 because if you’re inside IR35, there are no tax benefits of being the director of a limited company. If you are a limited company contractor, or it’s something you’re considering in the future, there are plenty of specialist UK-based contractor accountants
who can help you with your business.
Contractor UK
Contractor UK is a very popular source of the latest news affecting contractors and freelancers. Launched in 1999, the site receives hundreds of thousands of visitors monthly and has the most recognised contractor forum in the sector. If you’re interested in the latest sector news, you may find it beneficial to register for the free Contractor UK newsletter. And why not create an account on the forum to communicate with like-minded professionals?
Contractor Voice
Contractor Voice is a website and body that ensures contractors and freelancers are paid fairly. Founded by a contractor, the site has lots of helpful advice – especially regarding holiday pay.