Our website is full of helpful guides about umbrella companies. We’ve covered dozens of essential topics, including umbrella company margins, payslips, tax avoidance schemes, accreditations (the FCSA and Professional Passport), malpractice, advantages and disadvantages, walkthroughs, and more! However, we don’t have videos to answer these topics. But not to worry! We’ve had a little search to see what is out there and have discovered some fantastic short videos that we hope our readers will find helpful. Therefore, please scroll down, turn your speakers on and watch some highly-educational videos* that will help you understand umbrella companies better than ever before.
Umbrella companies explained
Crunch, a popular contractor accountant, has created a short, 2-minute video that explains how umbrella companies work.
How does an umbrella company work?
In this short video (under a minute), Morgan Taylor, an Accounts Assistant at Paystream, explains how umbrella companies work. The umbrella company supply chain is summarised in easy to understand language.
What is the difference between PAYE and umbrella?
Paystream have also provided a helpful video explaining the difference between agency PAYE (Pay As You Earn) and using an umbrella company for your payroll.
Umbrella pay explained
Chris James, Director at Workwell (previously JSA), explains how umbrella company pay works. The video includes some useful advice to help ensure that your umbrella company pays you compliantly and all of the legal deductions are covered.
Umbrella vs limited
In this video, Acumen Accounting discuss the most common difference between using an umbrella company for your payroll, and getting paid through a personal service company (limited company).
Holiday pay when using an umbrella company
Founded by Dave Chaplin, IR35 Shield has posted a series of videos (the Compliance Files) on YouTube which discusses several key topics about umbrella companies and compliance. In this video, Dave is joined by Crawford Temple, CEO at Professional Passport – a leading provider of compliance accreditations for umbrella companies. The video below focuses on holiday pay and umbrella companies, and is well worth a watch.
Top 10 umbrella companies
Are you looking for a new umbrella company? Maybe your current umbrella isn’t providing a high-quality and efficient service? Or perhaps you’re new to contracting and need an umbrella for the first time? We have collated a list of our top 10 umbrella companies, and they are all accredited by the Freelancer and Contractor Services Association (FCSA) or Professional Passport, and some have special offers at the moment. Please check them out now.
*All videos referenced in this article are provided by external organisations and are hosted on the popular video hosting platform YouTube. We have shared these to help our readers find answers to some of the most commonly asked questions about umbrella companies, but we cannot be held responsible or any of the content of the videos and their accuracy. Always carry out thorough due diligence before registering with an umbrella company, and seek professional guidance if you have any questions or concerns about how they operate and whether or not a provide is compliant with HMRC’s rules and regulations.
