There are many employees who are taken up on a contractual basis. There are many who offer their services for contracting jobs to different companies and even to individuals. For such contracting jobs, there are many legalities that need to be taken care of. When you are new to contracting, getting a contracting license and all other administrative setup might look like a hurdle for setting up one’s own contracting job. If you are new to contracting you might have joined up Paymatters. This is an umbrella organization that promises to handle all the accounting and administrative work and responsibilities that come with contracting jobs. If you need to have a limited company status in order to receive or raise your invoices that is what the umbrella agency will do for you.
Do you research before you sign up with an umbrella company?
The company Paymatters gained popularity as it provides a simple signing up process. They even provided the options for the clients to have their own personal account manager. That was something that many clients were satisfied with. Then things started going wrong and payments were not released on time. Accounts and legalities of tax started rearing their ugly heads. Today Miles Grady is under scrutiny for his intent behind running this firm and how he plans to release payments that are pending. Indeed, umbrella organizations might sound lucrative for contractors but they are not recognized and thus, often you might land in trouble for signing up with them.