The Autumn Budget 2024 unveiled the plans to crack down on noncompliance in the umbrella world, raise National Minimum Wage, and increase Employer’s National Insurance Contributions to name a few. Like a line of dominos, these changes are sure to impact everyone in the contractor chain, including agencies and end …
With the Labour government coming to power for the first time in 14 years, the expectations of the Autumn Budget 2024 have been widely speculated on. One announcement which came as a shock to people was the rise of Employer’s National Insurance from 13.8% to 15%. While this happens the …
Employer’s National Insurance is rising from 13.8% to 15% » Read the full story
Today (30th October 2024), Chancellor Rachel Reeves delivered the new Labour government’s first Budget. Our latest article summarises the key announcements in the Autumn Budget 2024. Overview of the Autumn Budget 2024 The Chancellor announced that the Autumn Budget aims to fix the foundations of the economy and deliver change …
Autumn Budget 2024: What were the Chancellors’ Key Announcements? » Read the full story
Receiving your first payment from an umbrella company can often be confusing, especially if you are new to contracting or have previously worked via a limited company. Before registering with an umbrella company, contractors usually ask: “How much money will I earn when I work via an umbrella company?”. Our …
How much money will I earn when I work via an umbrella company? » Read the full story
The Supreme Court has rejected an appeal by the Professional Game Match Officials Limited (PGMOL) challenging a £584,000 tax bill imposed by HMRC about the employment status of 60 referees. Although a final judgement has not been made, the Supreme Court has remitted the case to the First-tier tribunal to …
UK Supreme Court rejects PGMOL appeal over £584,000 tax bill » Read the full story
If you are a contractor working via an umbrella company, you may wonder if you must submit a self-assessment tax return. Our latest article provides an overview of when contractors may be required to submit a tax return when using an umbrella company and examples of when they do not …
One of the most frequently asked questions by contractors and freelancers before they register with an umbrella company is how much they will get paid? We thought we’d answer this question in a simple and straightforward way so you can easily understand the umbrella company take home pay. The margin …
Understanding umbrella company take home pay » Read the full story
Today, Chancellor Osborne delivers the first Tory-only budget for almost two decades. Paul’s laughing. Peter? Not so much.
The Resolution Foundation report into self-employed pensions is plain scary. Those contributing have dropped by half since 2001/2. Is this why?
An NSCC study projects stalling in the construction sector without investment in skills. For those already qualified, opportunity knocks.
Start Ups and SMEs were the focus of Lord Young’s report. Barriers to growth, marketing and the public sector should all be removed, suggests the PM’s adviser.
Contractors can have a love/hate relationship with their recruitment agency. Why, though? There’s more to hiring than simply ticking a box in a timesheet.
Thanks to a GrowthAccelerator, new business initiative recently unveiled by Vince Cable, £200 million in funding will soon be made available for the brightest businesses in the UK – and industry experts say that contractors that work with umbrella companies are in an excellent position to benefit from the new, positive attention.
