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
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
The Chancellor of the Exchequer, Jeremy Hunt, delivered this year’s Spring Budget 2024 to the House of Commons on March 6, 2024. Our latest article highlights the Chancellor’s key announcements. Overview of the Spring Budget 2024 The Chancellor’s Spring Budget 2024 focused on tax cuts for parents and workers and …
Spring Budget 2024: The Chancellors Key Announcements » Read the full story
Payslip Buddy, an AI-powered umbrella payslip auditing software, has released a free and comprehensive umbrella company calculator, and we recommend our readers check it out. Please keep reading for more information, including a calculator link and some screenshots highlighting its features. An overview of the Payslip Buddy umbrella company calculator …
CEO of Professional Passport, Crawford Temple, has called for the government to “start with a clean sheet of paper and design a strategy for the modern worker”. This comes following the announcement that the IR35 off-payroll working rules are to be repealed from April 2023. Keep reading and see what …
The government has announced a repeal of the off-payroll (IR35) legislation that was rolled out in 2017 (public sector) and 2021 (private sector) – and stakeholders are delighted. This article looks at the FCSA’s response to the mini-budget and the astonishing IR35 development. The UK’s economy is struggling, and we …
Astonishing news for contractors, freelancers and organisations who engage with temporary workers – the government is going to repeal IR35 rules (off-payroll) from April 2023. This news has been extremely well-received by industry stakeholders, but what does it mean for the industry, and what did Kwasi Kwarteng say on the …
New chancellor Kwasi Kwarteng has delivered the mini-budget (Friday, 23rd September). With the UK’s economy facing unprecedented challenges and the word “recession” being commonly used, the mini-budget lays out the government’s plans to boost the economy, protect families and help the UK power through these challenging times. This article summarises …
An overview of the key announcements in September’s mini-budget » Read the full story
Nobody likes the idea of a tax and National Insurance hike, but from April 2022, employees and employers will be expected to contribute towards the new health and social care plan. Umbrella employees will be subjected to a double-whammy, as we’re going to explain in this article. Keep reading, and …
How will the increase in National Insurance affect umbrella company employees? » Read the full story
We’re grateful to have some friends within the umbrella company marketplace who are well-positioned to share valuable experiences with our readers. We’re surprised to hear the number of contractors who complain to umbrella companies about their take-home pay and how other umbrella companies are quoting them more. Some temporary workers …
Greedy contractors could be fueling tax avoidance schemes » Read the full story
If you’re using an umbrella company for your payroll, or you’re considering it, you should already know what Pay as You Earn (PAYE) is. However, if you’re not, or you’d like a friendly reminder – keep reading! We’ll cover the basics. What is PAYE? Pay as You Earn, or usually …
Just like I reported about last week, the Chancellor Philip Hammond went after the self employed in his budget with a tax grab, and many were outraged!
The Conservatives are courting freelancers and umbrella company contractors by breaking news that a future Conservative government may overhaul the tax system.
Last week’s unemployment figures made depressing reading for everybody, including umbrella company contractors.
