MAC Accountancy Services

An umbrella company is a structure where you become an employee and possibly a director of an existing limited company.
The umbrella company is already registered for PAYE, VAT and Corporation Tax.
Within this umbrella structure there are two different trading options, Umbrella PAYE and Umbrella Director.

Yes, our management fees are tax deductible.
That can mean a tax saving of 52% depending on your tax credits.

Yes, you can change the way you trade from Umbrella PAYE to Umbrella Director or vice versa during your contract term.
There are no additional charges for this change.

Mac Accountancy will look after you.
We administer all taxes and payments for you in both Umbrella PAYE and Umbrella Director solutions.
With every payment you will receive a payslip and calculator outlining a breakdown of expenses, taxes and payments.
This ensures your tax affairs and Social Welfare contributions are always up to date.

No, we make payments to your personal bank account. Your bank account doesn’t even have to be in Ireland.

You can be set up immediately, and we will help you to register your new employment with Revenue.
This will ensure that we have correct tax credits for you when we are ready to make our first payment to you.

We can incorporate your own limited company for you in 3-5 working days.
Mac will manage VAT and PAYE registration for you.
You will need to set up a company current account and we can help to get you two years of free banking.
We will discuss a complete range of back-office support for you as well.

You can upload your timesheet to our contractor portal.
We will provide you with your own login details when you invite us to look after you.
Mac will invoice immediately on receipt of your timesheet.

Mac will pay you the same day we receive funds from your agency or end-user.
We will send your payslip and calculator the same day we pay you.

Yes, you can claim tax relief on expenses that are directly related to you earning your income.
Mac will require receipts and a completed business expense claim form to verify your claims.

You can upload your business expense receipts and claim form to our contractor portal.
We will then include them in your pay calculations.

When we have paid you for your last timesheet and invoice we will inform Revenue that your contract has finished.
We will remind you to update your My Account portal.
If you are set up as a director of an umbrella company we will resign you from the company and inform the Companies Registration Office.

Mac will file a Form 11 tax return for you for every year that you are with us as a director.
This is included in our fees and there is no additional fee for that filing.