We’ve noticed that many contractors and freelancers are Google searching for ‘umbrella company examples’, and as a result, our team has put a few examples together to help you out. Please keep reading for two umbrella company examples – one example being an experience with a compliant umbrella company and …
The umbrella company market is booming, and there are over 500 providers in the UK. With so many companies to choose from, how do you know which umbrella will provide you with the best value and most reliable payroll service? Please keep reading because this guide will explain everything you …
Transferring umbrella companies sounds stressful. However, you may be surprised to know that it’s pretty easy, and your new umbrella will support you throughout the process. Please keep reading, and we’ll summarise the steps involved when transferring umbrella companies, and we’ll help you decide whether it’s worth moving or not. …
Should You Bother Transferring Umbrella Companies? » Read the full story
In a blog on the Freelancer and Contractor Service Association’s (FCSA) website, CEO Chris Bryce explains how he believes leaving out the Employment Bill from the Queen’s speech is a “missed opportunity”. Chris reiterates the umbrella company sector still requires “much-needed” regulations to protect contingent workers. Keep reading for more …
There are hundreds of umbrella companies in the UK, meaning it’s difficult to choose a provider you can trust with so many options. To help make your life easier, we’ve updated our popular umbrella company directory that shows the providers accredited by either the Freelancer and Contractor Services Association (FCSA) …
The UCHQ team recently received an email from a concerned contractor. The message suggested an FCSA accredited umbrella company had given the contractor a misleading take-home pay illustration, and this was discovered once the worker had been paid for the first time. Please keep reading, and we’ll share the story …
The Chancellor will impose an increase in both employers’ and employees’ National Insurance Contributions (NICs), which will take effect from April 6th 2022. The increase being imposed is 1.25 percentage points, meaning the actual rise is about 9% for employers and 10% for employees. For some time, most freelancers working for end clients through an umbrella company have …
The deadline is this evening! If you are a contractor, freelancer, recruitment agency or end-hirer who engages with umbrella companies, please help the government with the call for evidence into umbrella companies. The consultation closes this evening at 11:45 PM. Your input could help shape the future of the umbrella …
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 …
Be Wary Of Any Umbrella Company That’s Actively Promoting Expenses » Read the full story
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 …
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 …
An exclusive interview with Chris Bryce – the new CEO at the FCSA » Read the full story
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 …
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 …
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 …
Can You Switch Umbrella Company When Mid-Contract? » Read the full story
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 …
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 …
