The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
For your payroll, you must only work with compliant umbrella companies to avoid underpaying taxes and owing HMRC thousands of pounds. Verifying if the umbrella company you wish to work with is SafeRec Certified, FCSA Accredited, or Professional Passport Accredited is one way to make sure they are operating in …
HMRC has shared a recent press release with our team and we thought you would find it helpful. Please keep reading to learn more about the new scheme, which is associated with Darren Patrick-Green and involves contractors engaging with a Singapore company, Procorre LLP, to avoid paying Income Tax and …
HMRC expose new “complex tax avoidance scheme” » Read the full story
An overview of the off-payroll working restrictions and IR35 A section of tax legislation known as IR35 went into effect across the United Kingdom in April 2000 and aims to differentiate between contractors who operate as legitimate self-employed businesses (via a limited company often referred to as a personal service …
The intersection of technology and contractor work is reshaping how you manage your projects and ensure compliance. For contractors and businesses hiring them, keeping up with the latest technological advancements is crucial for streamlining your workflow and staying ahead in a competitive market. Whether through sophisticated software for project management …
How advanced tech can ensure contractor compliance and safety » Read the full story
Streamlining a contracting business is much like conducting a symphony; every element needs to work in harmony for success. As contractors, our work revolves around managing multiple facets, from project execution to client relations and everything in between. The key to success lies in how efficiently and effectively we handle …
Streamlining your contracting business: Tools and techniques for success » Read the full story
In a crowded and competitive business landscape, raising awareness of your brand is crucial for success. Effective brand awareness attracts potential customers and establishes trust and credibility in the market. To navigate this landscape successfully, businesses need a well-crafted strategy that encompasses various channels and approaches. Invest in a distinctive …
The best ways to boost awareness of your business » Read the full story
Umbrella companies are in high demand by contractors and freelancers looking for a compliant way to be paid while working on temporary assignments. While most offer compliant and straightforward payroll, some have recently made the headlines for the wrong reasons, including so-called “salary skimming” and signs of malpractice. In this …
FAQ – Do I have to use an umbrella company for my payroll? » Read the full story
As 2023 draws to a close, we have been looking back at the umbrella company marketplace to summarise everything we have learned. Please take a look and let us know whether you agree with our summary, and comment with your thoughts below! 1) SafeRec is a game-changer SafeRec has really …
5 things we have learned about the umbrella company marketplace in 2023 » Read the full story
The freelance economy has surged in recent years, with more individuals taking the leap into self-employment than ever before. The allure of choosing your own clients, flexible hours, and the comfort of working from home is undeniable. However, with this independence comes the responsibility of managing every aspect of your …
How to cut down costs when freelancing » Read the full story
Sustainability has swiftly transitioned from a supplementary business consideration to a core component of modern business strategies. The impetus is clear: to foster long-term resilience and create a positive societal impact while achieving business objectives. Businesses operating within the UK are increasingly recognising the multifaceted benefits of sustainability, which extends …
Profit with purpose: Embedding sustainability in the business agenda » Read the full story
In the world of small business ownership, versatility and adaptability are your closest allies. Entrepreneurs often find themselves donning numerous hats, juggling responsibilities in a ceaseless effort to keep the ship afloat. Yet, in the tumultuous journey of entrepreneurship, certain responsibilities should not be borne solely by the business owner. …
Small business wisdom: The art of delegation for thriving entrepreneurs » Read the full story
Alliance (CS) proudly announces its recent achievement of Professional Passport accreditation, a testament to its dedication to compliance, quality, and adherence to strict industry standards. The accreditation by Professional Passport, independent from provider, agency, or end-client influence, underscores Alliance (CS)’s commitment to rigorous compliance with a wide spectrum of legislative …
Alliance (CS) Ltd awarded Professional Passport accreditation » Read the full story
Payslip Buddy, an AI-powered umbrella payslip auditing software, has released a free and comprehensive umbrella company calculator, and we recommend our readers check it out. Please keep reading for more information, including a calculator link and some screenshots highlighting its features. An overview of the Payslip Buddy umbrella company calculator …
Earlier today (Wednesday, 22nd November 2023), Chancellor of the Exchequer, Jeremy Hunt, delivered the Autumn Statement 2023 in parliament. Some important announcements were made that will impact contractors and freelancers (as well as small business owners). Keep reading to learn more about the Autumn Statement 2023, including the views of …
On Wednesday, 22nd November, Chancellor Jeremy Hunt delivered the Autumn Budget 2023 to Parliament and summarised the UK’s economy and upcoming tax and spending changes that will impact us all. Please keep reading for a summary of all the announcements, split into helpful sections. Taxes and salaries From 6th January …
A summary of the Autumn Statement 2023, announced by Chancellor Jeremy Hunt » Read the full story
IR35 expert and founder of Bauer & Cottrell, Kate Cottrell, has sadly passed away after a short illness. Everyone at umbrellacompanies.org.uk sends their love, prayers and condolences to Kate’s colleagues, friends and family at this very difficult time. Kate’s exceptional work protecting contractors and freelancers will never be forgotten, and …
