What is a Director Umbrella Company?
A Director Umbrella Company is an intermediary company responsible for deducting payroll taxes on behalf of a Contractor.
All payments are processed via the PAYE system with accurate calculations and deductions of tax, PRSI and USC to ensure you're fully compliant with no hidden tax surprises.
As a Director of the Umbrella Company, an Income Tax Return must be filed, but don't worry, we'll take care of this for you. When we say fully managed we mean fully managed.
This is an ideal solution for Professional Contractors and freelancers who wish to maximise their take home pay and pay Class S PRSI Contributions.
*Please note this is only a suitable option for those with permission to work as self employed in Irealnd if you are not an EU National a copy of your Stamp 4 visa is required.
Benefits of choosing a Director Umbrella Company
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- Immediate Hassle Free Set Up
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- No Sign Up or Leaving Charges
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- Personal Advisory Team
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- Accurate, On-time Payments
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- Guaranteed Tax Compliance
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- Class S PRSI Contributions
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- Dedicated Account Manager
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- Proactive advice on Business Expense Claims
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- On-Boarding Contractor Support Team
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- 24/7 Access to Contractor's Portal and iPerks platform
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- Contractor Wealth Management
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- Employers and Public Liability and Professional Indemnity Insurance
€45 per week
Weekly Payroll
- Free Set Up
- Tax Deductible Weekly Fee
- Weekly Invoicing
- Accurate Same Day Payment Processing
- Employers Liability €14 million
- Public + Products Liability €6.5 million
- Professional Indemnity €2.6 million
- Contractor Tax Planning
- Smart Technology i-Connect
- Contractor Wealth Management
€80 per fortnight
Fortnightly Payroll
- Free Set Up
- Tax Deductible Fortnightly Fee
- Fortnightly Invoicing
- Accurate Same Day Payment Processing
- Employers Liability €14 million
- Public + Products Liability €6.5 million
- Professional Indemnity €2.6 million
- Contractor Tax Planning
- Smart Technology i-Connect
- Contractor Wealth Management
€155 per month
Monthly Payroll
- Free Set Up
- Tax Deductible Monthly Fee
- Monthly Invoicing
- Accurate Same Day Payment Processing
- Employers Liability €14 million
- Public + Products Liability €6.5 million
- Professional Indemnity €2.6 million
- Contractor Tax Planning
- Smart Technology i-Connect
- Contractor Wealth Management
New To Contracting
Set up by completing our online starter form. We'll then liaise with your recruitment agency to manage your set up, tax, payroll and all administrative duties.
Set Up
Begin your set up under the Director Umbrella Company by completing our online Starter Form.
Advisory Team
Our advisory Team will contact you prior to your set up and help with any questions. We'll liaise with your agency and submit all details required for your Contract.
Contract for Services
You'll receive a Contract for Services outlining the terms and conditions of the contract.
Revenue Account
This is a mandatory Revenue requirement with the introduction of PAYE Modernisation 2019. Our Contractor Support Team will provide full assistance with registering your Revenue Account.
i-Connect 24/7
You'll receive a personal account and access to the Icon Accounting portal : i-Connect. Here you can complete online time sheets and business expense claims
Business Expenses
If it's your first time Contracting it can be difficult to know what you can and can't claim for. Your Payroll Account Manager is on hand to advise you and ensure you receive all entitlements
Tax and Payroll
On receipt of funds, we guarantee immediate processing of payroll with accurate tax calculations on a real time basis
Payment
Your net payment is transferred to your Personal Bank Account with a supporting payslip showing the deduction of tax and PAYE Umbrella Company management fee
Frequently Asked Questions
Got a Question?
Let us help
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Icon Accounting, Columba House, Airside,
Swords, Co. Dublin, Ireland, K67 R2Y9