Umbrella Companies | Latest News

Be Wary Of Any Umbrella Company That’s Actively Promoting Expenses

In 2016, the government introduced legislation referred to as Supervision, Direction and Control (SDC). Effectively, this put an end to contractors and freelancers working through an umbrella company from claiming tax relief on travel and subsistence expenses. However, we still hear reports of umbrella companies promoting that they will process […]

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Last Call For Contractors And Freelancers – Let The Government Know About Your Experience With Umbrella Companies

news / February 16, 2022 / accrued holiday pay, call for evidence, call for evidence umbrella companies, chris bryce fcsa, contractors, fcsa, freelancers, government regulate umbrella companies, professional passport, umbrella companies, umbrella company consultation, umbrella company holiday pay, umbrella company regulations

Last year, the government opened a call for evidence into umbrella companies, and they want the entire supply chain to contribute. Whether you’re a contractor or freelancer or represent an agency or end-client, please participate and help the government better understand the marketplace. It looks like regulations will be arriving

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An exclusive interview with Chris Bryce – the new CEO at the FCSA

news / February 11, 2022 / ceo at fcsa, chris bryce, chris bryce fcsa, chris bryce interview, chris bryce ipse, chris bryce quote, fcsa, fcsa quotes, Freelancer and Contractor Services Association, government regulations umbrella companies, hmrc, umbrella companies, umbrella company regulations

We’re delighted to announce that our team has been lucky enough to have an exclusive interview with Chris Bryce – the new CEO at the Freelancer and Contractor Services Association (FCSA). Please keep reading to discover Chris’s thoughts on his new job, the FCSA, regulating umbrella companies, and advice for

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Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers

news / February 2, 2022 / appeal, Compliant Umbrella Company, court of appeal, employee, employee benefits, employee rights, fcsa, gary smith, holiday pay, pimlico plumbers, professional passport, supreme court, umbrella company, worker

Last year, the Employment Appeal Tribunal ruled against Gary Smith, a past heating engineer at Pimlico Plumbers, regarding backdated holiday pay. However, having appealed further, the Supreme Court has ruled in favour of the previous employee in a ground-breaking case. Keep reading, and we’ll summarise the recent case and remind

Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers » Read the full story

What is going on at Parasol Group?

news / January 28, 2022 / parasol, parasol group update, parasol umbrella, parasol umbrella customer services, parasol umbrella issues, parasol umbrella late payments, parasol umbrella system, parasol umbrella update, umbrella companies, umbrella company

A few weeks ago, Parasol, a leading umbrella company, was struck by a cyber-attack that caused severe issues to the company’s operations. Now, it appears the impact of the attack remains, and angry employees have taken to Twitter to share their displeasure. The last public update from Parasol was well

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How Do Umbrella Companies Make Money?

news / January 26, 2022 / compliance, fcsa, hmrc, how do umbrella companies make money, monthly umbrella company margin, PAYE, professional passport, umbrella companies, umbrella companies margin, umbrella company, umbrella company fee, umbrella company margin, weekly umbrella company margin

There is a common misconception that umbrella companies are raking it in. In reality, the only income that umbrella companies generate is the margin they deduct in exchange for the administrative payroll service they provide. Find out more about how umbrella companies make money in this article. What is an

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Can You Switch Umbrella Company When Mid-Contract?

news / January 24, 2022 / Compliant Umbrella Company, contract of employment, fcsa, Freelancer and Contractor Services Association, move umbrella companies, p45, professional passport, switch umbrella, switch umbrella company, switching umbrella companies, switching umbrella company, transfer umbrella company

Switching umbrella companies is a straightforward process, and providing you’re joining a reputable provider with streamlined processes in place, it won’t take long. However, are you better off putting up with the substandard service until you finish your current assignment, or are you better off moving mid-contract? Keep reading, and

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Essential Advice: Protecting Your Umbrella Company & Payroll Business From Cyber Security Threats And Hackers

news / January 21, 2022 / brookson, brookson cyber attack, cyber attack, cyber security advice, fcsa, Freelancer and Contractor Services Association, John Morris, mda, my digital, nixon williams, nixon williams cyber attack, nixon williams security issue, online security advice, online security help, parasol, parasol cyber attack, phishing, pretexting, protect umbrella company, sjd, sjd accountancy, sjd accountancy cyber security, sjd accountancy security, sjd accountancy security threat, smishing, umbrella companies, umbrella companies criminals, umbrella companies cyber attacks, umbrella companies hacked, umbrella companies security breach, umbrella company attack, umbrella company security, umbrella security threat, vantage accountancy software, vantage portal

Okay, so we’re a little late to the party regarding sharing this article. However, we know that many umbrella company representatives visit our website for helpful information and we have decided it would be irresponsible of us not to share this very informative article. Written by the team at My

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Which umbrella companies and contractor accountants have been hacked or subjected to cyber-attacks?

news / January 20, 2022 / brookson, brookson cyber attack, cyber attack, fcsa, Freelancer and Contractor Services Association, nixon williams, nixon williams cyber attack, nixon williams security issue, parasol, parasol cyber attack, sjd, sjd accountancy, sjd accountancy cyber security, sjd accountancy security, sjd accountancy security threat, umbrella companies, umbrella companies criminals, umbrella companies cyber attacks, umbrella companies hacked, umbrella companies security breach, umbrella company attack, umbrella company security, umbrella security threat, vantage accountancy software, vantage portal

The entire umbrella company and contractor accountancy sector has been shaken by multiple cyber security attacks that have had devastating consequences. This article examines the cyber-attacks that have targeted umbrella companies and contractor accountants, including Giant Pay, Brookson, Parasol and SJD Accountancy. September 2021 – Giant Pay On Friday 24th

Which umbrella companies and contractor accountants have been hacked or subjected to cyber-attacks? » Read the full story

“Key systems” at SJD Accountancy impacted by cyber security incident

news / January 18, 2022 / brookson, brookson cyber attack, cyber attack, fcsa, Freelancer and Contractor Services Association, nixon williams, nixon williams cyber attack, nixon williams security issue, parasol, parasol cyber attack, sjd, sjd accountancy, sjd accountancy cyber security, sjd accountancy security, sjd accountancy security threat, umbrella companies, umbrella companies criminals, umbrella companies security breach, umbrella company attack, umbrella company security, umbrella security threat, vantage accountancy software, vantage portal

Another brand under the Optionis Group, SJD Accountancy, has also been hit by cybercriminals. Earlier today, we wrote an article about a similar threat faced by Nixon Williams – contractor accountants within the Optionis Group. Here is what we know. Two Optionis brands, Parasol (umbrella company) and Nixon Williams (contractor

“Key systems” at SJD Accountancy impacted by cyber security incident » Read the full story

Nixon Williams – another well-known and umbrella company and accountant suffers from a “cyber security incident”

Nixon Williams – another well-known umbrella company and accountant suffers from a “cyber security incident”

news / January 18, 2022 / brookson, brookson cyber attack, cyber attack, fcsa, Freelancer and Contractor Services Association, nixon williams, nixon williams cyber attack, nixon williams security issue, nixon williams vantage, parasol, parasol cyber attack, umbrella companies, umbrella companies criminals, umbrella companies security breach, umbrella company attack, umbrella company security, umbrella security threat, vantage accountancy software, vantage portal

2022 has already been a very stressful year for several leading umbrella companies that have been subjected to malicious cyber threats, including Brookson and Parasol. Now, it appears another leading umbrella company and contractor accountant has been targeted by cybercriminals – Nixon Williams. We’ve found an update on the Nixon

Nixon Williams – another well-known umbrella company and accountant suffers from a “cyber security incident” » Read the full story

Download our complete guide to umbrella companies

news / January 17, 2022 / complete umbrella company guide, guide to umbrella companies, how do umbrella companies work, umbrella companies, umbrella companies explained, umbrella companies guide, umbrella company, umbrella company guide

If you’re new to umbrella companies, you will probably have many questions about how they work and process your payroll. Our Team has put together a complete guide to umbrella companies, and it sets out to answer all of the most commonly asked questions about umbrella companies and how they

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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