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 …
We have put together this brief article to give you all the information you need to decide whether or not to transition into contracting if you are thinking about doing so. Why should you consider contracting? There are several benefits to taking on a contract role, including: You have considerably …
Contracting in the UK: When should you consider becoming a contractor? » Read the full story
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
Changes to off-payroll in the private sector are set to roll out in April 2021. They may be a year late, but they’re coming! It’s expected that several limited company contractors may find themselves inside IR35 at some point in the future, and as a result, umbrella companies may see …
Employment trends come and go with the tides sometimes, and the latest data indicates working as a contractor or freelancer has become highly in fashion.
Setting up a limited company can help many freelancers in the UK pay less in taxes, according to financial experts UC Finance.
After the recent revelations that a lot of Government contractors were avoiding tax by paying themselves through a personal service company, the Treasury has announced that all contractors earning more than £220 a day will have to pay the correct tax if they have been in a department for longer than 6 months.
IT contractors should be aware that HMRC will track down anybody it believes could be guilty of tax evasion as a Scottish consultant found to his cost recently.
No sooner has the furore surrounding Mr Lester died down, it now transpires that the Department of Health has been paying 25 senior members of staff through limited companies. In fact more than £4 million has been paid out in this way.
Umbrella company contractors will no doubt be interested to learn that an unprecedented verdict was recently passed down in an IR35 case.
Umbrella company contractors who have been longing to see the back of IR35 might be interested to learn that HMRC’s average yield per case has leapt by 100%.
Denise Taylor from amazingpeople.co.uk is urging jobseekers to start up their own limited company instead of spending a long period of unemployment.
New research from the Clydesdale and Yorkshire banks shows that an increasing number of older Brits are foregoing retirement and setting up a business instead.
If you are entering into a contract with an agency you will no doubt have been faced with the daunting options of choosing your route – either going PAYE directly with the agency, going limited or using an umbrella company.
This week is International Ideas Week, a time when employers are encouraged to involve their staff and listen to their ideas.
