Director Umbrella Limited Company
The Director Umbrella Limited Company enables contractors to become a manager or director of a limited company without any set up costs involved with setting up a personal limited company. As a sole proprietary director of the Umbrella Company, contractors can have a self-employed status where they can pay the lower rate of PRSI and do not need to pay the employers the portion of PRSI.We at Vian Outsourced Accounting Services takes Director Umbrella accounting outsourcing from UK and Ireland.
The Director Umbrella Limited Company can be managed by Vian Outsourced Accounting Services and is a perfect solution for medium to long term contractors, thereby relocating contractors and professionals who wish to pay Class S PRSI contributions.
The Director Umbrella Limited Company manages all invoices, taxes and payments on the behalf of you, ensuring you remain tax compliant while contracting. The contract will be raised between the assigned Director and your recruitment agency.
How does it work?
Vian Outsourced Accounting Services can manage all administration, invoices, taxes and payments for contractors under the Director Umbrella Limited Company. The workflow is as follows:
You need to enter the number of days worked and incurrent business expenses on iConnect portal
Vian Outsourced Accounting Services will then raise an invoice to your recruitment agency for payment
Upon receiving the funds from your agency, your Payroll Account Manager will process your payment immediately and then the funds are transferred to your personal bank account
Your detailed payslip will be sent to you through an email and uploaded onto the iConnect portal
Why prefer Director Umbrella Limited Company?
Guaranteed tax compliance
Protected by Employers & Public Liability
Protected by Professional Indemnity insurance cover
Payment of Class S PRSI contributions
24/7 secure access to your personal account on iConnect portal
Retain self-employed status
Access to free Wealth Management advise
Access to free Wealth Management advise
Claim tax relief on business expenses
Assigned Payroll Account Manager who will help you
What you need to provide?
Completed Vian Outsourced Accounting Services Starter Form
Copy of photo ID – Passport/driving licence/national ID card
Address proof – Copy of utility bill/official correspondence
P45 (if applicable)
Signed B10 form