A PAYE Umbrella Company is a middle-man company that deducts payroll taxes on behalf of a contractor.
At Truway Accounting, our team of qualified accountants help your business register you with Revenue, set up your PAYE Limited Company, help you set up a business bank account, register for Value Added Tax (VAT), set up your Payroll arrangements for weekly/monthly payments, advise on Business Expenses Claims
contractors can change from PAYE Umbrella Company to Director Umbrella Company at any stage throughout the contract
All payments are processed through the PAYE system under PAYE Umbrella Company, with accurate deductions and assessments of tax, PRSI, and USC to ensure you're fully compliant with accurate taxes.
This is an ideal alternative for Professional Builders and IT Contractors who work on short-term projects or who want to keep their Class A PRSI contributions.
An Umbrella Company (Director) is a quick and easy accounting solution that enables professional IT contractors in Ireland to start working as self-employed contractors the same day.
You get practically all of the benefits of being a director of a limited company without having to pay the same amount of resources to set up your own limited business.
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