Umbrella Company Provider

Our umbrella company solution - Employee Member

Icon Accounting now offer the Employee Umbrella Solution. This is suitable for contractors who are new to contracting, are on a short term contract or who wish to maintain their Class A PRSI contributions. Our charge for this service is €95 per month for clients who are paid monthly or €25 per week for a weekly service
 

How It works

We set you up as an employee of one of our limited companies. As an employee of the company there is an obligation on the company to remit employers PRSI of up to 10.75% . This amount is taking as a deduction from your Gross invoice to arrive at taxable pay. You are entitled to a PAYE tax credit of €1830 per annum which will help offset some of the PRSI:

 

Features

  • Easy Set up
  • No Entry or exit fees, its a flexible solution
  • You maintain your PRSI Class A contributions which will contribute towards Social Welfare entitlements.
  • Entitlement to PAYE tax credit of €1830 (Class S Directors are not entitled to this)
  • Low fixed management fee of €95 per month or €25 per week
  • No obligation to register for income tax and file an annual return
  • Certain employment expenses can be claimed
  • Access to Client Login System.
  • Employers & Public Liability insurance included

 

Next Steps

Call or email us today and we can get you a comparison on your pay between Employee Umbrella company & Director managed company.  If you are happy to sign up we will send you out a sign up form and our terms and conditions. Once these are received we will give you the detail of your Employee umbrella company.

Our Service
  • Monthly/Weekly Invoicing to your employer/agency on submission of timesheet
  • Management of your monthly employment expense claim
  • Liasing with Revenue on your behalf in order to get your correct tax credits
  • Payslip processed and emailed to you and same day transfer to your account on receipt of payment.
  • All monthly, bi-monthly & annual tax returns filed with Revenue to ensure Revenue compliance
  • Annual accounting & company secretarial filing prepared
  • Access to Online Client Login System to manage Timesheets, Expenses and Documents
  • Assisting in deduction of PRSA pensions through your salary.
  • P45 issued on payment of last payslip when leaving.