I am looking at a site advertising services as an umbrella company where the client will become an employee of lets call them XYZ. Looking at their calculation for take home pay they appear to take off employers NI as a direct cost reducing the amount of pay they are then applying tax to. Is this correct?
They appear to want a lot of money per week for processing this and I am wondering if we couldn't do it cheaper by setting up a ltd co and running a payroll. Am I missing something? There would only be a few entries.