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2013年07月25日
chafferer
How umbrella companies work
An umbrella company is effectively a stand in employer for contractors. It employs contractors and in doing so simultaneously takes on all administration for the contractor and processes their payments, or in other words, pays them a wage. For its services, an umbrella company takes a fee which is deducted before the contractor is paid their wages. The contractor does not work for their client directly but rather they provide their services through the umbrella company. In some cases, the contractor will use an agency to source clients rather than sourcing them themselves. In this scenario, the client will pay the agency which will pay the company for the contractor's services after deducting their own fee.
Tax
As the worker is paid a salary by the company, income tax is deducted from the wages in the normal way through Pay As You Earn (PAYE). This is done automatically by the company, which also deducts National Insurance before paying the worker. Therefore, the money received by the contractor is their end pay after tax. In terms of reducing tax, for self-employed individuals who find themselves in a higher tax bracket, using an umbrella company can lessen their outgoings for tax as they would then pay tax via PAYE as an employee.
Expenses
A contractor can claim appropriate expenses when working through an umbrella company. This can minimise the amount of tax the contractor pays as the expenses due are paid to the contractor separately from their salary and are therefore not affected by income tax. This is not a way of cheating the system and avoiding compulsory tax; all expense claims must be legitimate in the eyes of the law, something which these companies are very careful about. Allowable expenses refers to any necessary expenses incurred by the contractor to perform their duties and can include things such as travel, food and drink, training and accommodation. Working through such a company makes this whole process much easier for the contractor who merely submits all receipts and details of any expenses incurred to the umbrella company who then pays these expenses to the contractor alongside their salary.
How umbrella companies work
An umbrella company is effectively a stand in employer for contractors. It employs contractors and in doing so simultaneously takes on all administration for the contractor and processes their payments, or in other words, pays them a wage. For its services, an umbrella company takes a fee which is deducted before the contractor is paid their wages. The contractor does not work for their client directly but rather they provide their services through the umbrella company. In some cases, the contractor will use an agency to source clients rather than sourcing them themselves. In this scenario, the client will pay the agency which will pay the company for the contractor's services after deducting their own fee.
Tax
As the worker is paid a salary by the company, income tax is deducted from the wages in the normal way through Pay As You Earn (PAYE). This is done automatically by the company, which also deducts National Insurance before paying the worker. Therefore, the money received by the contractor is their end pay after tax. In terms of reducing tax, for self-employed individuals who find themselves in a higher tax bracket, using an umbrella company can lessen their outgoings for tax as they would then pay tax via PAYE as an employee.
Expenses
A contractor can claim appropriate expenses when working through an umbrella company. This can minimise the amount of tax the contractor pays as the expenses due are paid to the contractor separately from their salary and are therefore not affected by income tax. This is not a way of cheating the system and avoiding compulsory tax; all expense claims must be legitimate in the eyes of the law, something which these companies are very careful about. Allowable expenses refers to any necessary expenses incurred by the contractor to perform their duties and can include things such as travel, food and drink, training and accommodation. Working through such a company makes this whole process much easier for the contractor who merely submits all receipts and details of any expenses incurred to the umbrella company who then pays these expenses to the contractor alongside their salary.
Posted by curse at
10:44
│Comments(0)
when working through
2013年07月25日
chafferer
How umbrella companies work
An umbrella company is effectively a stand in employer for contractors. It employs contractors and in doing so simultaneously takes on all administration for the contractor and processes their payments, or in other words, pays them a wage. For its services, an umbrella company takes a fee which is deducted before the contractor is paid their wages. The contractor does not work for their client directly but rather they provide their services through the umbrella company. In some cases, the contractor will use an agency to source clients rather than sourcing them themselves. In this scenario, the client will pay the agency which will pay the company for the contractor's services after deducting their own fee.
Tax
As the worker is paid a salary by the company, income tax is deducted from the wages in the normal way through Pay As You Earn (PAYE). This is done automatically by the company, which also deducts National Insurance before paying the worker. Therefore, the money received by the contractor is their end pay after tax. In terms of reducing tax, for self-employed individuals who find themselves in a higher tax bracket, using an umbrella company can lessen their outgoings for tax as they would then pay tax via PAYE as an employee.
Expenses
A contractor can claim appropriate expenses when working through an umbrella company. This can minimise the amount of tax the contractor pays as the expenses due are paid to the contractor separately from their salary and are therefore not affected by income tax. This is not a way of cheating the system and avoiding compulsory tax; all expense claims must be legitimate in the eyes of the law, something which these companies are very careful about. Allowable expenses refers to any necessary expenses incurred by the contractor to perform their duties and can include things such as travel, food and drink, training and accommodation. Working through such a company makes this whole process much easier for the contractor who merely submits all receipts and details of any expenses incurred to the umbrella company who then pays these expenses to the contractor alongside their salary.
How umbrella companies work
An umbrella company is effectively a stand in employer for contractors. It employs contractors and in doing so simultaneously takes on all administration for the contractor and processes their payments, or in other words, pays them a wage. For its services, an umbrella company takes a fee which is deducted before the contractor is paid their wages. The contractor does not work for their client directly but rather they provide their services through the umbrella company. In some cases, the contractor will use an agency to source clients rather than sourcing them themselves. In this scenario, the client will pay the agency which will pay the company for the contractor's services after deducting their own fee.
Tax
As the worker is paid a salary by the company, income tax is deducted from the wages in the normal way through Pay As You Earn (PAYE). This is done automatically by the company, which also deducts National Insurance before paying the worker. Therefore, the money received by the contractor is their end pay after tax. In terms of reducing tax, for self-employed individuals who find themselves in a higher tax bracket, using an umbrella company can lessen their outgoings for tax as they would then pay tax via PAYE as an employee.
Expenses
A contractor can claim appropriate expenses when working through an umbrella company. This can minimise the amount of tax the contractor pays as the expenses due are paid to the contractor separately from their salary and are therefore not affected by income tax. This is not a way of cheating the system and avoiding compulsory tax; all expense claims must be legitimate in the eyes of the law, something which these companies are very careful about. Allowable expenses refers to any necessary expenses incurred by the contractor to perform their duties and can include things such as travel, food and drink, training and accommodation. Working through such a company makes this whole process much easier for the contractor who merely submits all receipts and details of any expenses incurred to the umbrella company who then pays these expenses to the contractor alongside their salary.
Posted by curse at
10:39
│Comments(0)
there are many people
2013年07月09日
Different kinds of honey varieties can be mixed and matched with various blends to make a very customized cup of tea. Adding different flavors to your tea is a great way to suit not only your personal moods, but also your personal preferences in taste.
Combining tea with diverse honey flavors is a wonderful way to boost the all-natural health benefits that are found in both of these products. You certainly don't have to be a tea or honey connoisseur to test unique honey-tea combinations. Actually, you will probably find that it's a lot fun and very easy to do. Give it a try each morning with your breakfast tea, or as an mid-afternoon treat.
Honey and Tea Combinations
Here is one example to try, add a bit of avocado honey varietal with your Earl Grey or clover honey with mint or lemon to create a very delicious cup of tea. Other people enjoy adding Tupelo honey with their Jasmine flavored tea. Eucalyptus honey goes very well with a cup of Irish Breakfast Blend. The blueberry honey varietal adds a nice zesty taste to mild flavored teas like the English Breakfast or Earl Grey.
Probably the most versatile varietal is the orange blossom honey, and it can be added to most blends without overwhelming the tea's quality. A number of people think it's a good idea to add this type of honey with black teas including Darjeeling and Ceylon. Teas that have really strong, distinctive tastes like apple cinnamon or Jasmine, go quite well with the more mild-flavored alfalfa honey varietals. Sage honey is also another mild flavored honey that will complement more intense tea flavors such as mint, lemon and orange spice.
Today, there are many people who only drink green tea or herbal tea. If you happen to be one them, then you can also add different honey varietals to these teas as well. Buckwheat honey goes great with all kinds of herbal teas and green tea too. For more mild herbal teas, try adding fireweed honey to them because it will sweeten the tea nicely, but will not over power it.
So, if you haven't thought about it before, isn't it time to consider adding different varietals of honey to your cup of tea? For that matter, think about consuming at least one or two cups of tea flavored with honey every day because it will benefit your overall health. The flavor possibilities are endless and are only limited by your imagination. This is especially true now, since there are so many types of convenient raw honey sticks that are made with amazing flavors. As a final point, always remember to add honey to your tea when the tea is not super hot because this way you will preserve the natural benefits of honey.
Combining tea with diverse honey flavors is a wonderful way to boost the all-natural health benefits that are found in both of these products. You certainly don't have to be a tea or honey connoisseur to test unique honey-tea combinations. Actually, you will probably find that it's a lot fun and very easy to do. Give it a try each morning with your breakfast tea, or as an mid-afternoon treat.
Honey and Tea Combinations
Here is one example to try, add a bit of avocado honey varietal with your Earl Grey or clover honey with mint or lemon to create a very delicious cup of tea. Other people enjoy adding Tupelo honey with their Jasmine flavored tea. Eucalyptus honey goes very well with a cup of Irish Breakfast Blend. The blueberry honey varietal adds a nice zesty taste to mild flavored teas like the English Breakfast or Earl Grey.
Probably the most versatile varietal is the orange blossom honey, and it can be added to most blends without overwhelming the tea's quality. A number of people think it's a good idea to add this type of honey with black teas including Darjeeling and Ceylon. Teas that have really strong, distinctive tastes like apple cinnamon or Jasmine, go quite well with the more mild-flavored alfalfa honey varietals. Sage honey is also another mild flavored honey that will complement more intense tea flavors such as mint, lemon and orange spice.
Today, there are many people who only drink green tea or herbal tea. If you happen to be one them, then you can also add different honey varietals to these teas as well. Buckwheat honey goes great with all kinds of herbal teas and green tea too. For more mild herbal teas, try adding fireweed honey to them because it will sweeten the tea nicely, but will not over power it.
So, if you haven't thought about it before, isn't it time to consider adding different varietals of honey to your cup of tea? For that matter, think about consuming at least one or two cups of tea flavored with honey every day because it will benefit your overall health. The flavor possibilities are endless and are only limited by your imagination. This is especially true now, since there are so many types of convenient raw honey sticks that are made with amazing flavors. As a final point, always remember to add honey to your tea when the tea is not super hot because this way you will preserve the natural benefits of honey.
