Should my agency be working with an umbrella provider?

Thinking of working with an umbrella provider, but not sure how it will benefit your agency? In this blog, we discuss three reasons your company should consider it…

You won’t need a payroll team

Managing your agency without a payroll team can be a challenge, especially as your company continues to expand. That’s where umbrella providers come in handy because we can give your company back time to focus on the things that matter. Outsourcing your payroll also means you don’t have to worry about hiring an in-house team and going through the onboarding process. An umbrella company can get started immediately and ensure your payroll services are compliant with UK tax law without you having to lift a finger!

Contractor security is attractive 

If you want to keep your contractors happy and attract new talent, then working with an umbrella is a good idea. This is because when you work as an umbrella contractor, you receive all the same benefits as a full-time employee. For example, Mint Umbrella offers pension schemes, statutory sick pay and continuous employment status for all employees. Being recognised as a full-time worker also makes things like getting a mortgage a lot less hassle.

Umbrellas take care of all the boring stuff…

As a busy agency, you don’t want to spend precious hours working out tax deductions and National Insurance contributions when you could be focusing on growing your company. Plus, tax rules are always changing so you don’t want to get caught out and end up getting a slap on the wrist from HMRC! Take the pressure off and let Mint Umbrella look after your finances – we are experts in all things PAYE after all.

From saving time, money and resources, to offering your contractors employee security, there is so much umbrella providers can bring to the table. Contact our team today on 0203 967 6846 to get started!