Today (30th October 2024), Chancellor Rachel Reeves delivered the new Labour government’s first Budget. Our latest article summarises the key announcements in the Autumn Budget 2024. Overview of the Autumn Budget 2024 The Chancellor announced that the Autumn Budget aims to fix the foundations of the economy and deliver change …
Autumn Budget 2024: What were the Chancellors’ Key Announcements? » Read the full story
Before registering with an umbrella company, requesting a tailored take-home pay calculation to compare projected weekly or monthly earnings between different providers is a good idea. Our latest article explains why umbrella company illustrations differ between providers and what to look out for when comparing umbrella company calculations. Tax code …
Why do umbrella company illustrations differ between providers? » Read the full story
Contractors who have never used an umbrella company before or are used to operating via their limited company often ask, ” What is an umbrella company margin?”. Our latest article provides an overview of an umbrella company margin and how often it is deducted. What is an umbrella company margin? …
Contractors and freelancers in the UK are commonly faced with two options when choosing how to operate: umbrella company vs limited company. Our latest article provides an overview of an umbrella company and a limited company, plus the advantages and disadvantages of both options to help you determine which option …
Receiving your first payment from an umbrella company can often be confusing, especially if you are new to contracting or have previously worked via a limited company. Before registering with an umbrella company, contractors usually ask: “How much money will I earn when I work via an umbrella company?”. Our …
How much money will I earn when I work via an umbrella company? » Read the full story
The Supreme Court has rejected an appeal by the Professional Game Match Officials Limited (PGMOL) challenging a £584,000 tax bill imposed by HMRC about the employment status of 60 referees. Although a final judgement has not been made, the Supreme Court has remitted the case to the First-tier tribunal to …
UK Supreme Court rejects PGMOL appeal over £584,000 tax bill » Read the full story
If you are a contractor working via an umbrella company, you may wonder if you must submit a self-assessment tax return. Our latest article provides an overview of when contractors may be required to submit a tax return when using an umbrella company and examples of when they do not …
When accepting a temporary assignment through a recruiting agency, contractors and freelancers in the UK are frequently given two payroll options: umbrella company vs agency PAYE. Continue reading to learn the difference between an umbrella company and agency PAYE. Umbrella company vs agency PAYE: what is the difference? The …
Umbrella company vs Agency PAYE: what is the difference? » Read the full story
Contractor Voice has accused an FCSA-accredited umbrella company of unlawfully retaining the pay of the contractors it has been paying. Keep reading to learn more about these allegations and the official response from the FCSA. Orange Genie intended to “skim” money from the salaries of contractors, accordingly to Contractor Voice …
If you take on an assignment inside IR35, you may decide that you’re better off using an umbrella company for your payroll. After all, if you’re a limited company contractor– you won’t be able to pay yourself with a combination of dividends and salary because the fee-payer will make deductions …
The Umbrella Company Checklist For Contractors Inside IR35 » Read the full story
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
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 …
What are the umbrella company alternatives? » Read the full story
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
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
With upcoming changes to off-payroll legislation looming, more and more contractors and freelancers are likely to require an umbrella company’s services. However, with hundreds of providers in the UK, what should you look for from an umbrella company in 2021? Keep reading, and we’ll explain the most important factors to …
What to look for from an umbrella company in 2021 » Read the full story
Using an umbrella company is a simple, hassle-free way to get paid as a contractor, and the majority of umbrella companies operate in a compliant fashion. Unfortunately, there are a few unscrupulous tax avoidance schemes that disguise themselves as umbrella companies, and using one of these could land you in …
The warning signs of a tax avoidance scheme » Read the full story
