PAYE Archives | Page 3 of 9 | Umbrella Companies

Don’t believe umbrella company bad press – 11 facts about umbrella companies

Umbrella companies are often portrayed negatively by third party organisations who have a vendetta against the government for implementing changes to off-payroll legislation. As a result, umbrella companies are frequently being made a scapegoat. Don’t believe everything you read. Here are eleven facts about umbrella companies. They operate PAYE Compliant …

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Should you bother switching umbrella companies?

news / April 6, 2021 April 12, 2021 / compliance, fcsa, hmrc, legislation, margin, PAYE, professional passport, Registering with umbrella company, switch umbrella companies, switch umbrella company, switching umbrella companies, umbrella companies, umbrella company, umbrella company margin

Amazingly, there are over 500 umbrella companies in the UK. Therefore, there is plenty of choice for contractors and freelancers when choosing a company for their payroll. However, if you find a better deal elsewhere, or your current umbrella company is performing disappointingly, should you bother switching umbrella companies? We’ll …

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Using an umbrella company when inside IR35

news / March 24, 2021 April 12, 2021 / inside ir35, ir35, limited company contracting, off-payroll, off-payroll in the private sector, off-payroll in the public sector, outside ir35, pay as you earn, PAYE, personal service company, PSC, umbrella companies, umbrella company

If you find yourself inside IR35, you may decide that the best option for your payroll is an umbrella company – and you’d probably be right. However, you must understand how umbrella companies work, and how IR35 legislation is changing the way contractors are being paid. Keep reading and discover …

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Is it worth your time requesting multiple umbrella company calculations?

news / March 22, 2021 April 12, 2021 / compliance, margin, pay as you earn, PAYE, umbrella companies, umbrella company, umbrella company calculations, umbrella company margin, umbrella company projection, umbrella company take home pay

Due to upcoming legislation changes, more and more contractors are considering using an umbrella company for their payroll. However, is it worth your time requesting multiple umbrella company calculations? Keep reading and find out more. Background to umbrella companies Umbrella companies are an excellent payroll choice for contractors who find …

Is it worth your time requesting multiple umbrella company calculations? » Read the full story

Is it easy to join an umbrella company?

news / March 17, 2021 April 12, 2021 / contractor payroll, contractors, freelancers, join an umbrella company, join umbrella, pay as you earn, PAYE, Registering with umbrella company, umbrella companies, umbrella company

There has been a noticeable rise in demand for umbrella companies – especially since HMRC introduced changes to off-payroll in the public sector (IR35) in 2017. Now that similar changes are coming to the private sector, umbrella companies have never been in such high demand! If you’re new to umbrella …

Is it easy to join an umbrella company? » Read the full story

8 useful questions to ask your umbrella company

news / March 15, 2021 April 12, 2021 / pay as you earn, PAYE, questions to ask your umbrella company, Refer to umbrella company, Registering with umbrella company, Switch between umbrella and limited, Switch to limited, switch to umbrella, timesheets, umbrella companies, umbrella company, Umbrella company extras, Umbrella company referral

Before completing the registration process, it’s a good idea to write a list of questions to ask your umbrella company. If you’re happy with their responses, you should have nothing to worry about and can move forward with confidence. However, if you have concerns – shop around and use another …

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How to identify genuine umbrella company special offers

news / March 8, 2021 April 12, 2021 / compliance, PAYE, Tax Avoidance Schemes, umbrella companies, umbrella companies special offer, umbrella company, umbrella company margin, umbrella company special offer

As more and more contractors shop around the umbrella company market looking for a payroll provider, we wanted to help out and share our knowledge on umbrella company special offers. Some umbrellas are offering excellent, legitimate deals for new clients. However, others are deliberately being misleading and unethical in their …

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Why use an umbrella company?

news / March 3, 2021 March 1, 2021 / compliance, employee benefits, fcsa, inside ir35, ir35, off-payroll, off-payroll in the private sector, outside ir35, pay as you earn, PAYE, payroll service, payroll solution, umbrella companies, umbrella company, why use an umbrella company

Umbrella companies are growing in demand as a result of the impending changes to off-payroll in the private sector (IR35) legislation. However, thousands of contractors who are used to contracting through a personal service company may be asking ‘why use an umbrella company?’ The following tips should help. Easy alternative …

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Is it easy to switch between a limited company and umbrella company?

news / February 17, 2021 February 12, 2021 / contractor, freelancer, limited company, limited company contracting, limited to umbrella, PAYE, payroll, PSC, switch to umbrella, umbrella companies, umbrella company, umbrella to limited

The answer to this question depends on quite a few circumstances, but in theory – yes. It should be easy for contractors to switch between a limited company and umbrella company. With off-payroll in the private sector (IR35) changes coming into effect from April 2021, we expect several limited company …

Is it easy to switch between a limited company and umbrella company? » Read the full story

What deductions appear on umbrella company payslips?

news / February 10, 2021 February 25, 2021 / apprenticeship levy, employees national insurance, employees ni, employer's national insurance, employers NI, employment costs, income tax, pay slip, PAYE, pension contributions, student loan, umbrella companies, umbrella company, umbrella company deductions, umbrella company margin, umbrella company payslip, umbrella margin

When you’re paid through an umbrella company, you’ll receive a payslip that’ll show similar deductions to an employee in a permanent position. However, there are a few key differences that you need to be aware of. Keep reading and we’ll explain what deductions appear on an umbrella company payslip. Margin …

What deductions appear on umbrella company payslips? » Read the full story

Do umbrella companies offer salary sacrifice?

news / February 8, 2021 February 15, 2021 / contractor pension, freelancer pension, PAYE, pension, pension contribution, pension provider, personal pension, personal pension pot, salary sacrifice, umbrella companies, umbrella company, umbrella company pension

There are plenty of ways employees can benefit from salary sacrifice, but the most popular is tax-efficient pension contributions. If you’re prioritising your pension – salary sacrifice may be an awesome way to boost your pot. And, there are some really useful tax-benefits that you may not be aware of. …

Do umbrella companies offer salary sacrifice? » Read the full story

What are the umbrella company alternatives?

news / February 3, 2021 October 21, 2021 / contractor, freelancer, methods of paye, PAYE, PAYE umbrella company, umbrella, umbrella companies, umbrella company, umbrella company alternative, umbrella company paye

Before you begin contracting, one of the first things you need to consider is which business structure you are better suited to. From what everybody ought to know about umbrella companies to the advantages and disadvantages of umbrella companies – we have it all on our website! But what about …

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Umbrella Company v Agency PAYE: Which should you choose?

news / February 1, 2021 February 15, 2021 / agency paye, agency payroll, contractor, freelancer, PAYE, umbrella, umbrella company, umbrella company paye, umbrella paye

If your contracts are deemed inside IR35 and you work through a recruitment agency, you’ll probably be given two options for getting paid: umbrella company or agency PAYE. Both payment methods operate in a very similar way. Your payroll and administration will be taken care of – and your income …

Umbrella Company v Agency PAYE: Which should you choose? » Read the full story

Are you familiar with Status Determination Statements (SDS)?

news / January 27, 2021 February 15, 2021 / contractor, freelancer, inside ir35, ir35, limited company contractor, off-payroll, off-payroll in the private sector, off-payroll in the public sector, outside ir35, PAYE, personal service company, PSC, sds, status determination statement, umbrella company

If you’re contracting with a personal service company (PSC) in the private sector, you should be familiar with Status Determination Statements (SDS). However, if you’re not, we’ll provide a quick snapshot for you. After all, we’re not just here to advise contractors looking at umbrella companies! We want to assist …

Are you familiar with Status Determination Statements (SDS)? » Read the full story

What are the benefits of using an FCSA accredited umbrella company?

news / January 25, 2021 February 15, 2021 / Compliant Umbrella Company, fcsa, FCSA Accredited Umbrella Company, Freelancer and Contractor Services Association, pay as you earn, PAYE, PAYE Payroll, Tax Avoidance Schemes, umbrella companies, umbrella company

There are masses of umbrella companies out there! With so many to choose from, how do you know which one is best? We recommend you look for an FCSA accredited umbrella and then make your decision from there. It’s a great way to start your search. But you may be …

What are the benefits of using an FCSA accredited umbrella company? » Read the full story

10 facts about using a contractor umbrella company

news / January 20, 2021 February 24, 2021 / 10 facts, compliance, Compliant Umbrella Company, contractor umbrella, contractor umbrella company, facts about umbrella companies, fcsa, PAYE, payroll, professional passport, tax avoidance scheme, umbrella companies, umbrella company, umbrella company facts, umbrella model, umbrella paye

If you’re interested in using a contractor umbrella company for your payroll, but aren’t sure how they work, you’ve found the right article! Here are 10 facts about umbrella companies. How many of the following were you already aware of? Firstly, we must make it clear – the following facts …

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