compliance Archives | Page 2 of 3

Who is the FCSA, and why does FCSA accreditation mean so much to its members?

news / January 4, 2021 March 20, 2023 / Accreditation, advice, compliance, Compliant Contractor Accountant, Compliant Umbrella Company, contractors, fcsa, FCSA Accountant, FCSA Accreditation, fcsa accredited, FCSA CIS, FCSA member, FCSA Umbrella Company, Freelancer and Contractor Services Association, freelancers, The FCSA

Throughout our website, we reiterate how important it is that contractors and freelancers only use compliant umbrella companies for their payroll. And, we frequently mention that using an FCSA accredited umbrella company is a great idea! But who is the FCSA (Freelancer & Contractor Services Association), and why are we …

Who is the FCSA, and why does FCSA accreditation mean so much to its members? » Read the full story

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does

news / December 23, 2020 February 15, 2021 / apprenticeship levy, assignment rate, compliance, contractors, employee national insurance, employee ni, employer's national insurance, employers NI, employment costs, freelancers, hmrc, PAYE, recruitment agency, take home pay, umbrella companies, umbrella company, umbrella company calculation, umbrella company deductions, umbrella company illustration, umbrella company margin, umbrella company take home pay, umbrella rate, umbrella services, uplift umbrella rate

Time and time again we hear “why is my umbrella taking so much of my money” or “my pay is too low through this umbrella, I want to find out what I can get through another one”. Sadly this is a misunderstanding, and tax avoidance schemes are to blame. They …

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does » Read the full story

Are there any benefits of using an umbrella company

Are there any benefits to using an umbrella company?

news / December 14, 2020 March 20, 2023 / compliance, continuity of employment, contractor insurance, contractors, employee benefits, employers liability, freelancers, hmrc, inside ir35, insurance, ir35, outside ir35, PAYE, professional indemnity, public liability, umbrella company, umbrella company benefits, umbrella margin

We all like to get a return on our investments – a return that leaves us with the satisfying feeling of having received value for money. But what about umbrella companies? It’s no secret that limited company contractors who are told they’re inside IR35 are likely to see a reduction …

Are there any benefits to using an umbrella company? » Read the full story

HMRC release corporate report that discusses marketed tax avoidance schemes

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant”

news / December 7, 2020 February 15, 2021 / compliance, contractors, disguised remuneration, fcsa, freelancers, government, hmrc, key workers, legislation, marketed tax avoidance schemes, nhs, PAYE, report, tax, tax avoidance, tax avoidance scheme, tax evasion, temporary workers, umbrella company

A report published on the 26th November 2020 by HMRC discusses marketed tax avoidance schemes, and it makes for some fascinating reading. Entitled ‘Use of marketed tax avoidance schemes in the UK’, HMRC cover the size of the UK’s tax avoidance market, promoters of tax avoidance schemes, and what HMRC …

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant” » Read the full story

Umbrella companies are not the bad guys!

news / October 29, 2020 February 15, 2021 / calculation, compliance, contractor, freelancer, hmrc, PAYE, take home pay calculation, umbrella company quote, umbrella company take home pay, umbrella contractors

In a world where more and more contractors are finding themselves inside IR35, umbrella companies have seen a rapid rise in popularity. Well, maybe popularity isn’t the right word to use. Why? Because we’ve seen so many negative comments and articles about umbrella companies over the recent months. As a …

Umbrella companies are not the bad guys! » Read the full story

Taxman to make pre-screening business record checks by phone

news / June 2, 2012 June 3, 2012 / Business Records Checks, compliance, hmrc, John Whiting, self-employed

The taxman is still struggling to determine what constitutes adequate paperwork for a business or self-employed individual to comply with the Business Records Checks programme.

Will new employment minister reduce red tape for recruiters?

news / February 13, 2012 February 11, 2012 / compliance, contractors, employment, rec, recruiters, red tape, umbrella company, Umbrella company contractors

Umbrella company contractors may not be aware that the UK now has a new employment relations minister. Norman Lamb has taken over from Edward Davey and part of his remit is to look into ways to reduce the amount of red tape facing recruiters.

Time for umbrella company contractors to learn about the AWR?

news / July 21, 2011 July 17, 2011 / Agency Workers Regulations, bis, compliance, contractors, contracts, flexible working, PAYE, public sector, rec, temporary work, umbrella company, Umbrella company contractors

Last week, the REC attended an Agency Work seminar run by the JSB, which provided up-to-date insights on how leading organisations are gearing up for the implementation of the Agency Workers Regulations.

Time is running out to prepare for the Bribery Act

news / June 30, 2011 June 25, 2011 / Bribery Act, compliance, contractors, legislation, limited company contractors, regulation, SMEs, umbrella company, Umbrella company contractors

SMEs must beware the Bribery Act, according to a congress that took place in Brighton earlier this month.

Are umbrella contractors prepared for new Bribery Act?

news / May 28, 2011 May 27, 2011 / compliance, fraud, umbrella contractors

Despite the new Bribery Act coming into force on the first of July, one in seven people who work in large organisations are prepared to offer cash bribes in a bid to secure business. Furthermore, nearly 50% are not aware of an anti-bribery policy in the company.

Who is the FCSA, and why does FCSA accreditation mean so much to its members?

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does

Are there any benefits to using an umbrella company?

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant”

Umbrella companies are not the bad guys!

Taxman to make pre-screening business record checks by phone

Will new employment minister reduce red tape for recruiters?

Time for umbrella company contractors to learn about the AWR?

Time is running out to prepare for the Bribery Act

Are umbrella contractors prepared for new Bribery Act?

The coalition’s “monster” will cause problems for employers

HMRC clamps down on employee benefit trust schemes

Would HMRC budget cuts affect umbrella companies?

MPs to get expert guidance to understand tax legislation?

Nearly £24bn over 4 years to implement new employment laws

SMEs spend weeks trying to understand government regulations

Our #1 umbrella company - only £10 per week!