Using Umbrella Looking For Better Return
Better Return
Return: Ltd Company Vs Umbrella Company
| Rate* | DNS Ltd Company Avg Contractor Returns % | Umbrella Avg Contractor Returns % |
|---|---|---|
| £25 per hour | 83-85 | 65-68 |
| £30 per hour | 82-83 | 64-66 |
| £25 per hour | 83-85 | 65-68 |
| £300 per day | 79-80 | 63-65 |
| £400 per day | 74-75 | 62-64 |
| £500 per day | 71-72 | 61-63 |
| £750 per day | 67-70 | 60-62 |
Looking at the table above, it is clear that working through an umbrella company does not deliver the best returns. DNS advise contractors to work through an umbrella company only if they intend to be contracting for less than three months and if, when that contract comes to an end, they have no intention of continuing as a contractor. Yes, in those circumstances it may be acceptable to use an umbrella company, but otherwise the umbrella solution is akin to throwing away your hard-earned cash.
- Why a limited company over an umbrella company?
- How does the DNS limited company solution work?
- How does a Limited Company Work? A step-by-step guide
It should be clear to you by now that the DNS limited company solution offers a hassle-free choice that will not involve you taking on any more administrative work than you do already working through an umbrella company. The limited company solution will not involve you sending receipts to us either weekly or monthly and, therefore, saves you extra work and time. It is of course fully compliant, so you need not worry about the any of the legalities of this solution.
- Still not sure which route to go? Why not check this special article
- Ok, all fine so far, but what about IR35? I am quite worried
- What are my duties as a director?
- How do I get paid?
- What expenses can I claim?
- What Insurance policies should a limited company have in place?
- Should I register for VAT?
- How to select the right accountant
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Get the best advice on tax savings, accounting services, payroll, self assessment, VAT and more, whether you want to call us directly, request a call back or chat online with our experts, rest assured that we will always give you the best advice.If you have any questions, or would like to speak to us in person, please do get in touch. We're here to help.
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Here’s what our clients say
“I recently starteed my own company and in need of a good accountant. With my friends reference, I started DNS accountancy services and I am a quite satisfied with their service. My account manager Sneha Gurudutta was always responsive and guided me a lot especially during my company early days. Keep u the good work.”
Here’s what our clients say
“I have been DNS for the last 3 months and I am very happy with the service. My account manager Sneha Gurudutta guided me and helped me with all the major/minor steps with the account setup. The weekend support they provide is really helpful. I would definitely recommend DNS to all my friends.”
Here’s what our clients say
“Unfortunately my son passed away without leaving any contact name of his accountant. I was able to make contact with the firm through HMRC. The staff were very prompt, caring and supportive in settling his income tax account. I was extremely impressed with the efficient caring and supportive service received from all of DNS staff.”
Here’s what our clients say
“Been with DNS Accountants for more than a year I would highly recommened their services. My account manager Sneha has been very helpful and helped with accounts and queries swiftly always! Having a good accountant means you can fully focus on your business, not worry about accounts and tax matters. Thank you DNS :-)”
Here’s what our clients say
“I have been extremely satisfied with the service I have been receiving close to past 1 year. Very professional, transparent and helpful. Special mention of my Account Manager Minakshi Arora who made my transition very smooth and always ready to go that extra mile to support and make customer happy. Definitely recommended.”
Here’s what our clients say
“I've recently set up a Ltd. Company and signed up with DNS for my accounting services. I've found it very good value for money and hugely helpful in terms of advice and guidance. I have a named Account Manager, Sneha Gurudutta, who keeps in contact with me and offers advice on line and on the phone... I'm really pleased with the service.”