About us Your Options Important Updates Expenses Information Centre News Portal Login Contact us Which Option? Which option is right for you and your business. CALL 0161 703 2549 OR EMAIL INFO@CHAMPIONCONTRACTORS.CO.UK Your Options Having trouble deciding which option to go for? See the table below for the advantages and potential drawbacks of the Limited Company, Umbrella Company and Agency PAYE options. Limited Company Umbrella Agency PAYE Advantages The most tax efficient way to provide services No start up and no termination charges The simplest way to be paid Ability to claim tax relief on capital and revenue business expenditure No Champion margin applies when on holiday or when in between assignments Very easy to use - you only have to provide a timesheet Full control of business directions and all financial affairs No invoice and general administration requirements Perfect for contractors who only intend to undertake one assignment Limited liability protection Ability to claim tax relief on relevant expenses ** All statutory rights are provided Option to register for Flat Rate VAT All statutory employee rights are provided Owning and running a Limited Company does not have to be complicated Exclusive Personal Accident / sickness cover included as standard Opportunities to engage in additional tax planning activities Very simple to use - you only have to provide timesheet and expense information Access to business partners who can provide added value services Access to business partners who can provide added value services Perfect for career contractors who are skilled, qualified and pass IR35 tests/measures Perfect for first time contractors and those who fail IR35 tests/measures Drawbacks More paperwork and statutory obligations to contend with than other options **Must pass an SDC test to obtain tax relief on relevant expenses Full PAYE is operated Not a prudent choice for short term contractors and for those who fail IR35 tests/measures Full PAYE is operated No ability to obtain tax relief on out of pocket expenses Find out why Champion is the right choice for you. For further information and advice on the above options, please contact us or call one of our qualified advisors on 0161 703 2549. Which Option? Limited Company Services Umbrella Services Sole Trader Services IR35 Resolve Champion Accountants We are a leading accountancy group who specialise in the SME sector and provide a range of services throughout the North West which enables businesses to grow and create wealth for their owners. Visit Website Latest news 08 Nov 2021 Chancellor delivers Budget to lay foundation for a strong economy 08 Nov 2021 Business groups give mixed response to Budget 08 Nov 2021 IFS predicts millions to be worse off next year due to tax rises Contact Details Please call: 0161 703 2549 Or email us: info@championcontractors.co.uk Champion Contractors, 1 Worsley Court, High Street, Worsley, Manchester M28 3NJ Home | Contact us | Site map | Accessibility | Help | Search | Slavery and Human Trafficking Statement | Gender Pay Gap Report 2020/21 | Privacy Notice | Website Terms and Conditions | © 2021 Champion Accountants LLP. All rights reserved. powered by totalSOLUTION We use cookies on this website, you can find more information about cookies here.