Umbrella Companies | Latest News

The FCSA responds to recent cyber-attacks targetting umbrella companies

news / January 14, 2022 / brookson, brookson cyber attack, cyber attack, fcsa, Freelancer and Contractor Services Association, parasol, parasol cyber attack, umbrella companies, umbrella companies criminals, umbrella companies security breach, umbrella company attack, umbrella company security, umbrella security threat

Brookson, a leading UK-based umbrella company, had been hit by a cyber-attack this week that’s caused a temporary halt to services. Astonishingly, Brookson is not alone. Parasol, another well-known umbrella, has also been targeted recently, and Giant Pay was heavily impacted by cyber criminals last year. The Freelancer and Contractor […]

The FCSA responds to recent cyber-attacks targetting umbrella companies » Read the full story

Brookson is the latest umbrella company to be hit with a “malicious” cyber attack

news / January 14, 2022 / andrew fahey, brookson, brookson ceo, brookson cyber attack, brookson group, brookson one, brookson security, brookson umbrella company, umbrella companies, umbrella companies criminals, umbrella company attack, umbrella security threat

Umbrella companies are continuing to be targeted by cybercriminals. Last night, one of the UK’s leading umbrella companies, Brookson, was struck by an “aggressive attack”. Thankfully, a company update from CEO Andrew Fahey (shared on Brookson’s business LinkedIn profile) confirmed the systems in place were able to “contain the impact

Brookson is the latest umbrella company to be hit with a “malicious” cyber attack » Read the full story

Umbrella company cloning remains a serious threat to the sector in 2022

news / January 14, 2022 / clarity umbrella, clearsky contractor accounting ltd, cloned umbrella company, companies house, contractors, end hirer, fcsa, first freelancer ltd, freelancers, government, hmrc, lucy smith, phil pluck, professional passport, recruitment agencies, umbrella companies, umbrella company cloning, umbrella company fraud, umbrella.co.uk payroll ltd

Sadly, the threat of umbrella company cloning doesn’t appear to have faded away. Instead, it remains a severe danger to the industry. If you work for an umbrella company, you must understand what umbrella company cloning is to protect your own business. But it isn’t just umbrella companies that need

Umbrella company cloning remains a serious threat to the sector in 2022 » Read the full story

Parasol umbrella company experiences “system outage” resulting in delayed payments

news / January 13, 2022 / parasol, parasol umbrella, parasol umbrella customer services, parasol umbrella issues, parasol umbrella late payments, parasol umbrella system, umbrella companies, umbrella company

One of the UK’s best-known umbrella companies, Parasol, has experienced a “system outage”, which has resulted in late payments to umbrella employees. Here is what we know – keep reading to find out more. Scroll down for the latest developments. Parasol is “working tirelessly” to resolve a “system outage” In

Parasol umbrella company experiences “system outage” resulting in delayed payments » Read the full story

Contractors – don’t forget to have your say on umbrella companies to help the government improve the industry

news / January 12, 2022 / agency workers, call for evidence, call for evidence umbrella companies, contractor uk, contractors, crawford temple, fcsa, freelancers, LITRG, professional passport, regulate umbrella companies, temporary workers, umbrella companies, umbrella companies consultation, umbrella workers

The government has opened a consultation into the umbrella company marketplace, and it is seeking assistance from contractors, payroll providers and industry stakeholders. If you use an umbrella company or have feedback that could help the government, you’re being encouraged to participate. The more participants, the better the government will

Contractors – don’t forget to have your say on umbrella companies to help the government improve the industry » Read the full story

The FCSA welcomes Chris Bryce as new CEO

news / January 10, 2022 / ceo at fcsa, ceo of fcsa, chris bryce, fcsa, fcsa ceo, fcsa leader, Freelancer and Contractor Services Association, phil pluck, umbrella companies

The Freelancer and Contractor Services Association (FCSA) has confirmed that Chris Bryce is taking over as CEO (previously the CEO at IPSE), replacing Phil Pluck. Keep reading for more information about the change in CEO and a brief introduction to the FCSA’s new leader. Farewell to Phil Pluck, and a

The FCSA welcomes Chris Bryce as new CEO » Read the full story

Will the government regulate umbrella companies in 2022?

news / January 5, 2022 / government regulate umbrella companies, hmrc regulate umbrella companies, legislation umbrella company, regulate umbrella companies, regulation of umbrella marketplace, regulation umbrella company, umbrella companies, umbrella companies 2022, working through an umbrella company

Towards the backend of 2021, the government released several pieces of guidance about umbrella companies to help the supply chain and temporary workers remain compliant with HMRC’S rules and regulations. The government also launched a consultation that seeks assistance from those who have used umbrella companies in the past. It

Will the government regulate umbrella companies in 2022? » Read the full story

Is the cheapest umbrella company the best option?

news / December 15, 2021 / cheap umbrella company, cheapest umbrella company, Compliant Umbrella Company, economic umbrella company, low cost umbrella company, low margin umbrella company, special offer umbrella company, umbrella companies, umbrella company, umbrella company bargain, umbrella company discount

If you’re interested in using an umbrella company for your payroll, you may be tempted to identify the cheapest umbrella company in the marketplace and use them. However, is this a good idea? This article explains why you need to consider more than just the umbrella company’s margin before you

Is the cheapest umbrella company the best option? » Read the full story

What is the difference between a compliant umbrella company and a tax avoidance scheme?

news / December 9, 2021 / compliant umbrella companies, fcsa, hmrc, PAYE, professional passport, scheme reference number, srn, tax avoidance, tax avoidance scheme, umbrella companies, umbrella company, umbrella company guidance

There is no hiding from the fact that changes to IR35 (off-payroll) have resulted in more unscrupulous tax avoidance schemes targetting workers who require umbrella payroll (PAYE). It’s disappointing to see. While most umbrellas are UK based and fully compliant with HMRC’s rules and regulations, some are preying on vulnerable

What is the difference between a compliant umbrella company and a tax avoidance scheme? » Read the full story

Do umbrella company employees need to submit a 2020/21 personal tax return?

news / December 8, 2021 / tax return with umbrella, umbrella company 2020/21, umbrella company 2020/21 tax return, umbrella company employee, umbrella company pt, umbrella company self assessment, umbrella company self assessment tax return, umbrella company tax, umbrella company tax return

The deadline for submitting 2020/21 tax returns is approaching quickly – it’s less than two months away! If you need to complete a personal tax return, submitting it before the end of January 2022 is vital to avoid a fine from the government. However, do you need to submit one?

Do umbrella company employees need to submit a 2020/21 personal tax return? » Read the full story

How Can You Help The Government Regulate The Umbrella Company Sector?

news / December 6, 2021 / call for evidence, disguised remuneration, fcsa, government consultation, government regulate umbrella companies, hmrc, professional passport, regulate umbrella companies, Tax Avoidance Schemes, umbrella company consultation, umbrella company market, umbrella company regulations, umbrella company research

The government has unveiled a new open consultation, and they would like you to help. Whether you work through an umbrella company, possibly as a contractor or freelancer, or you represent a recruitment agency or end-hirer, now is your time to share your thoughts on umbrella companies to help the

How Can You Help The Government Regulate The Umbrella Company Sector? » Read the full story

Is The Government On The Verge Of Regulating Umbrella Companies?

news / December 2, 2021 / call for evidence, disguised remuneration, fcsa, government consultation, government regulate umbrella companies, hmrc, professional passport, regulate umbrella companies, Tax Avoidance Schemes, umbrella company consultation, umbrella company market, umbrella company regulations, umbrella company research

Unusually, the government has opened a consultation to “call for evidence to ensure it has an up-to-date and well-informed view of how the umbrella company market operates”. Is this a sign that the umbrella company is on the verge of being regulated by the government? Keep reading, and we’ll summarise

Is The Government On The Verge Of Regulating Umbrella Companies? » Read the full story

Finding an umbrella company in the New Year: 10 tips for contractors and freelancers seeking an umbrella company

news / December 1, 2021 / disguised remuneration, disguised remuneration scheme, fcsa, find umbrella company, finding an umbrella company, professional passport, tax avoidance scheme, umbrella companies, umbrella company, umbrella company advice

The demand for umbrella companies is rising due to recent changes to off-payroll working rules (IR35). It’s estimated that hundreds of thousands of temporary workers require the services of an umbrella for their payroll. Our latest article is aimed at both well-established contractors and those who are becoming temporary workers

Finding an umbrella company in the New Year: 10 tips for contractors and freelancers seeking an umbrella company » Read the full story

Helpful information if you are unpaid by an umbrella company

news / November 26, 2021 / FCA, fcsa, giant pay, government, hmrc, umbrella companies, umbrella company, umbrella company compliance, umbrella company liquidation, umbrella company out of business, unified payroll, unpaid by an umbrella company, unpaid umbrella company

Sadly, it appears that a well-known umbrella company has filed for liquidation – leaving hundreds of contractors potentially without pay. This is a terrible scenario, and our deepest sympathies are with all the affected employees. We sincerely hope that all outstanding payments are made and no temporary worker finds themselves

Helpful information if you are unpaid by an umbrella company » Read the full story

What you need to know when checking your umbrella company payslips, according to government guidance

news / November 22, 2021 / disguised remuneration, government guidance, hmrc guidance, hmrc umbrella companies, PAYE, payslip paye, Tax Avoidance Schemes, umbrella companies, umbrella company government guidance, umbrella company payslip

The government has been very busy writing guidance to help those who require the services of umbrella companies. Earlier in the year, the government published advice on working through an umbrella company. Since then, we’ve seen multiple new guidance pieces appear on the government’s website, including information on the risks

What you need to know when checking your umbrella company payslips, according to government guidance » Read the full story

What Government Guidance Is Available About Umbrella Companies?

news / November 22, 2021 / compliant umbrella companies, contractor advice, freelancer advice, government guidance, government guidance umbrella companies, hmrc guidance, non-compliant umbrella companies, PAYE, recruitment agencies, reduce risk of tax avoidance, risk of tax avoidance, umbrella companies

To help temporary workers who are required to use an umbrella company for specific assignments (should they choose to accept the role), the government has released several pieces of guidance designed to make life easier for those impacted (including the supply chain). In this article, we’ve summarised the available government

What Government Guidance Is Available About Umbrella Companies? » Read the full story