You can start working with clients immediately with our free, fast Umbrella Company set-up. As a Director of an Umbrella Company, you can maximise your take-home pay with our proactive expenses, and tax planning.
Professional Contractor? Umbrella Company Director
could be the right solution for you.
If you are contracting for the short-medium term and prefer not to set up a personal limited company the Umbrella Director solution may be the perfect fit. Our Umbrella Director solution is free to set up and there are no sign-up fees or leaving charges.
You will receive a dedicated account manager with pro-active advice about claimable business expenses to ensure you are maximising your take-home pay. Your pay will be calculated with deductions made for tax, PRSI and USC so you can be confident that when you use an Umbrella Company set-up you are always up to date with your tax liability and are tax compliant.
Who Should use an Umbrella Director Company
Whether you are in tech, finance, pharma, or engineering – no matter your contracting role an Umbrella Director solution may be the right fit for you if you match any of the below criteria.
Those who need a quick set-up (same-day).
Medium to high daily rate earners.
Those on medium to long term contracting roles (6+ months).
Maximise your take-home pay as an Umbrella Director, or take full control with your own Personal Limited Company. Not sure which is right for you? Book a free consultation and we will guide you.
Umbrella Director Solution
Maximise Your Take-Home Pay
If you are contracting for the short-medium term and prefer not to set up a Personal Limited Company, the Umbrella Director solution may be the perfect fit for you. As a Director of an Umbrella Company, you can maximise your take-home pay with our proactive advice on expenses and tax planning.
Free, immediate set-up with no sign-up or leaving fees.
Pay-as-you-use service with no minimum contract.
Includes key company insurances: Professional Indemnity*, Employers Liability and Public Liability.
Same-day pay processing as soon as funds are received.
Minimal admin with our app and portal for claiming expenses.
Deductions made for tax, PRSI and USC, so you are always tax compliant.
Contribute towards Class S PRSI, including your Contributory State Pension.
A Dedicated Account Manager as your one point of contact for any advice, concerns, or support.
Free annual financial review with expert established financial advisors.
Ready for your own personal limited company? Ideal for contractors planning long-term tax strategy or asset purchases. Running a limited company brings responsibility, but we handle set-up, accounts, tax, compliance and admin, so you can focus on your work.
Fast, free set-up of your own Limited Company in Ireland
Full control of your own company, with the freedom to build your own brand.
Company incorporation handled fully for you, including Revenue registration.
Employers Liability, Public Liability and Professional Indemnity* Insurances included as standard.
A Dedicated Account Manager as your one point of contact for any advice, concerns, or support.
We can act as your company secretary if necessary, and as your appointed Revenue Tax Agent.
Online accounts and expenses software provided free of charge with 24/7 access
Invoice management and monthly payroll, delivered end-to-end.
Annual bookkeeping, financial statements and abridged accounts, professionally prepared and submitted.
Corporation tax, VAT and B1 (CRO) returns, fully prepared and filed on your behalf.
End-of-year personal tax return, with checklist and approval portal for easy filing.
Class S PRSI contributions, including towards your Contributory State Pension.
Build and retain wealth in the company, with flexibility on salary and pension.
Employ your own staff and buy your own assets, e.g. a company car.
Free annual financial planning review and in-house mortgage brokerage.
A Solutions Consultants will give you a free consultation to find the best solution for you.
We’ll send you a detailed breakdown of your estimated take-home pay (Contracting PLUS have the highest retention rates while making sure you stay fully compliant with Revenue).
We’ll email you the registration form or simply sign up over the phone in just a few minutes!
Then you will be set up as an Umbrella Company Director in a matter of hours. We can fast track your registration if you’re under pressure.
Once registered, Contracting PLUS will manage all your admin from invoicing, expenses, payroll, tax, and accounts – all included in the affordable monthly fee (which is a tax-deductible expense!).
Benefits of The Contracting PLUS Umbrella Company Solution
The Umbrella Company Director solution allows you to avail of claimable business expenses and tax benefits that are not available to PAYE workers, which means that you are maximising your income.
Free, immediate set-up with no sign-up or leaving fees and 60-day money-back guarantee.
Pay-as-you-use service with no minimum contract.
Includes key company insurances: Professional Indemnity*, Employers Liability, and Public Liability.
Same-day pay processing as soon as funds are received.
Minimal admin with our app and portal for claiming expenses and 24/7 access to your accounts – we handle the rest.
An expert Dedicated Account Manager to support and provide you with the best advice to maximise your take home pay and be your one point of contact for any questions.
*There may be some exclusions to this, depending on the type of work. Our team will be able to confirm for you on your consult call.
Good to Know
Your PRSI Contributions
Under the Umbrella Director solution, you will contribute towards Class S PRSI. You can alternatively use a PAYE Umbrella Company. This set up comes with less flexibility and benefits when it comes to financial planning. However, with this option you can maintain your PAYE status while contracting making it a good option for short-term contracts (typically 3 months).
Class S PRSI means you are still making contributions towards;
Contributory State Pension
Maternity/Paternity/Adoptive benefit
Treatment Benefit (some opticians and dental treatments)
Higher earnings is one of the main benefits you will get when you work as a professional contractor. In this quick video, we break down how to calculate your daily rate, estimate your real earnings, and understand what you’ll actually take home after tax.
Whether you’re new to contracting or contracting long-term, discover your potential income as a contractor with our user-friendly tax calculators. Our Daily Rate calculator can help you establish your potential earnings and our Take-Home Pay calculator can compare your current PAYE earnings to your potential take-home pay as a Professional Contractor!
Taxation
Your Umbrella Director Tax Return
As a Director of an Umbrella Company, you must file an annual Tax return. However, we will do this for you, and if you’re using the service for 6 months or longer, it’s included in your monthly fee. Your pay is calculated with all required deductions (tax, PRSI, and USC) ensuring you’re always compliant and up to date with your tax liabilities.
BOOST – Free webinars, monthly recommendations, and in-person events exclusively for our Contracting PLUS community!
Check out Contractors Hub for more details on all the added benefits of choosing to work with Contracting PLUS.
Testimonial
“Since I engaged Contracting PLUS there is no stress whatsoever involved in managing my day to day affairs. I’m free to concentrate on my work. I’m very happy with the service that you provide and continue to recommended your excellent services to others.”
T.Griffen
Helpful Resources
Contracting Guides
Thinking about contracting, choosing between an umbrella company and a limited company, or simply looking for solid guidance? These expertly written guides break everything down in plain English so you can make the right call for your career.
An Umbrella Company is a company that is already setup, insured, VAT registered, named, and has a bank account in place. It acts as a vehicle that allows you to get paid in a compliant manner when operating as a professional contractor and it simplifies administrative tasks, allowing you to focus on your work. Our quick and simple setup allows you to start your contracting career straight away.
Directors of Umbrella Companies can claim various expenses. These can include membership fees, office supplies, broadband charges and more. It’s important to understand these deductions, and that’s where we come in. Our expenses for contractors page can provide clarity on what business expenses are claimable, helping you to plan and maximise your tax efficiency.
Deciding between being a director of an Umbrella Company or having a Personal Limited Company? Both have tax benefits, however the option you should go with greatly depends on your circumstances. Book a call with our team, they can help you evaluate both options to see what’s best for your contracting career.
An Umbrella Company Director solution is a company that is already setup, insured, VAT registered, named, and has a bank account in place. It acts as a vehicle that allows you to get paid in a compliant manner when operating as a professional contractor and it simplifies administrative tasks, allowing you to focus on your work. If you are considering contracting in the medium to long term, an umbrella company director solution allows you more tax benefits than the Umbrella PAYE solution. If you would like to know more book a call with a member of our team.
Under the Umbrella Company Director Solution you can’t buy a company car. However, if this is a priority for you, a Personal Limited Company may be a better option for your contracting career. Setting up your own Personal Limited Company is ideal for those who want to buy assets (such as a company car), retain funds in the company or employ a staff member. Read more about why you should setup a personal limited company.
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