Professional Aid For Freelancers And Contractors With Their Paperwork And Finances
It seems that there are more and more contractor umbrella companies cropping up by the day.
All remote workers recognise the necessity of utilising the services offered by these businesses, and if you’re thinking of going remote, it’s certainly important to consider the financial management side of things. You can take a free Amazon FBA course to get started.
An umbrella company will handle your finances for you; simply submit your timesheets.
However, many struggle when it comes to deciding what company to go for. There are so many different ones to choose from and a lot of people don’t really know what they should be looking out for.
Of course, you have a look at the company’s website and you read reviews that have been left by others. But the really crucial information comes out when you make your first contact with the company in question. When you do, these are the questions you really need to find the answers to…
How much do I have to pay for your services?
Needless to say, this is extremely important. You want to make sure the rates charged are fair. You should have the option of paying either weekly or monthly. You also need to be mindful of anything that seems too good to be true. You don’t want to suffer at the hands of a lack of quality.
Is the payment fixed at this rate?
Be certain that the rates offered in response to the previous question are fixed. You don’t want to have to pay more based on excess paperwork or the fact that you have had a more successful month than usual. This is often how a lot of umbrella companies sting you. Complete transparency is essential.
How quickly will the payment appear in my bank account?
One of the main reasons why people use umbrella companies is because of the ease of their service. If you are waiting weeks and weeks to be paid then this is totally counteracting your whole reason for using an umbrella company in the first place.
How do I upload my timesheet and expense sheet?
Unfortunately, you will need to do a tiny bit of work and this is in the form of uploading your timesheet and your expense sheet. Find out how you go about this. Most companies will provide you with a username and password. You will simply log on to the website and upload the relevant information this way.
Will there be a contract in place?
You will need to ensure that a contract is in place before you pay the company any money or they begin providing you with their service. Usually, this will be sent to you electronically. You print off the contract. Sign if you are happy and send back.
Can I easily get in touch whenever I have a query or need some advice?
Last but not least, you need a company who is always on hand to provide aid or advice whenever you need it. Make sure you get their contact number and check out the office hours too. It is highly ill-advised to go for a company who only gives their email address.