Free Umbrella solution for all our PSC clients

If you’re affected by IR35 changes and need to switch to Umbrella, we can help.

Our new PSC/Umbrella package means you can enjoy the best of both worlds, toggling between limited company and Umbrella working, where appropriate. What’s more, our Umbrella is free to use when we look after your PSC accounts. It’s a great way to keep your options open.

How it works

  • Keep your PSC open with Clever Accounts.
  • Switch to our Umbrella solution – at no additional cost.
  • Toggle between the two as necessary.

Not only is this a cost-effective way to access PSC and Umbrella contracting, it also means we can help you maximise your take-home pay, for example, by helping you continue to claim VAT relief on applicable limited company expenses.

Keeping your PSC open, in the meantime, means you don’t have the cost (and potential tax issues) involved in closing your company and then opening it again if and when your contract status changes.

A good solution for you?

This is a great solution for contractors whose previously ‘outside IR35’ contracts are deemed ‘inside IR35’ under the new rules. It’s also good for contractors who expect to take on a mixture of inside/outside IR35 contracts in the future.

The ability to toggle between PSC and Umbrella is particularly helpful if your end hirer has made, or is planning to make, a blanket decision to cease using PSC contractors.

In a few months you may find that your end hirer takes a different approach, making individual IR35 assessments and relaxing the blanket decisions (this was certainly the case when similar rules were introduced in the public sector in 2017).

If you are deemed outside IR35 after an individual assessment, you will want to be able to easily switch back to PSC contracting using our seamless solution.

Keeping your PSC open, in the meantime, means you don’t have the cost (and potential tax issues) involved in closing your company and then opening it again if and when your contract status changes.

With Clever Accounts looking after both your PSC and Umbrella arrangements, you can seamlessly switch between the two, without any unnecessary hassle, cost or paperwork.

Get in touch and keep your options open

If you’re not sure, we’ll be happy to discuss your specific circumstances and provide tailored advice. Register for our PSC/Umbrella solution and make sure your contracting business remains tax efficient in 2020.

Umbrella Solution for Contractors

Posted by Editorial