An Umbrella Company provides a number of benefits to a Contractor and is an alternative to managing a Ltd Company. 1: Offsetting Legitimate Business Expenses. The main financial benefit of using an Umbrella Company is the legitimate off-setting of business expenses.  HMRC has strict guidelines about what expenses you can legitimately offset, and in what circumstances but in general terms, if you are at a temporary place of work, and expect to be there for less than 2 years, then the cost of … [Read more...]