Sometimes there just isn’t the time to read through everything you should do. Life can be hectic, and especially so if you’re new to contracting when there seems to be so much to do! Not to worry, Oriel Contractors have kindly put together this useful & informative article which covers all the basics of an umbrella company, and exactly how they work and how all the different parties fit together.

Read the rest of this entry »

Explanation of a Construction Industry Scheme (CIS) Contractor
A subcontractor is a business that carries out construction work for a contractor. When operating as a subcontractor (i.e. someone providing services to a contractor), that individual usually has the choice of operating as:
Read the rest of this entry »

Freelance temporary contractors love the lifestyle and sense of freedom that comes with being self-employed. Choosing how to trade as a contractor is an important part of freelancing, and the choice between setting up your own limited company or using the services of an umbrella company has to be considered. Whilst some contractors are happy to take responsibility for raising invoices, completing the correct HMRC tax forms and keeping detailed records of their business activity, many contractors prefer the less stressful option of using the services of an umbrella company. Read the rest of this entry »

The Construction Industry Scheme (CIS) is a tax system, and applies to those involved in conventional construction work. It is specifically applied to contractors and subcontractors. It can also apply to businesses that regularly spend large amounts on construction even though their main business may not actually be in construction.

Read the rest of this entry »

Want to hear the expert’s view on what issues are facing contractors at the moment? Read our interview with Jim Goddard, Divisional Manager of Oriel Contractors. Read the rest of this entry »