What is a PAYE Umbrella Company?

Iconaccounting16 Jun, 2022Business

A PAYE Umbrella Company is an intermediate 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. This is an ideal solution for Professional Contractors and freelancers who are contracting on short term projects or those wishing to maintain Class A PRSI Contributions.