Otap Solutions, a contractor umbrella service is Perfect for short-term and long term contractors. More control over your finances as you can easily claim tax back on a variety of expenses
Here at OTAP SOLUTIONS we specialise saving time for thousands of limited company contractors from the second we start working with you.
As a contractor you may be aware that using an umbrella company is one of the main methods of receiving your pay, but what do Otap Solutions actually do and why are we needed?
Otap Solutions act as an intermediary between the contractor and their recruitment company. We fulfill an important role in the contracting market, so it is important for contractors to understand how we operate.
Otap Solutions Benefits for Contractors
OTAP SOLUTIONS offer contractors a simple and straightforward means of receiving their pay. As well as streamlining administration, tax and National Insurance payments, other benefits for contractors include:
- Fast and simple set up. Start billing and start contracting in less than 24 hours
- Ability to carry out a number of temporary contracts but receive one convenient payslip each month or week
- They can offset allowable expenses against their tax liabilities
- No unplanned tax bills relating to their timesheets at the end of the year with accurate calculations and payments made on their behalf
- No director duties or legal company requirements to adhere to
- Access to many statutory benefits typically associated with being in permanent employment such as, sick pay, holiday pay and maternity pay
- No need to worry about IR35 and SDC regulations – the contractor is already taxed as an ’employee’ so these rules do not apply