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
CEO and Founder of Crunch Accounting, Darren Fell, has released a post via Crunch’s LinkedIn profile explaining why he is “utterly delighted” that Rishi Sunak has resigned as Chancellor of the Exchequer. In the statement, Darren also explains why he believes Rishi should “never be allowed to come back to …
The government has opened a consultation into the umbrella company marketplace, and it is seeking assistance from contractors, payroll providers and industry stakeholders. If you use an umbrella company or have feedback that could help the government, you’re being encouraged to participate. The more participants, the better the government will …
Published on Thursday 18th November 2021, the government has released some online guidance to help agency workers and contractors who have used the services of umbrella companies. The guidance involves the user answering a series of questions. Once the final question has been answered, a screen appears with guidance relating …
In a recent article posted on Contractor UK, HMRC defends itself for exclusively referring contractors to umbrella companies that have an accreditation from the Freelancer and Contractor Services Association (FCSA) and claim it’s because of a supplier. From our perspective – surely this is proof that HMRC values the FCSA? …
The government may not actively endorse umbrella companies, but they have recently released some helpful guidance online for temporary workers, recruitment agencies and businesses that engage with contractors and freelancers. The latest guidance (released in October 2021) is written for recruitment agencies and firms that use temporary workers and is …
The Freelancer and Contractor Services Association (FCSA) has had its website cloned by a third party. This type of behaviour is shameful. The person or persons responsible registered a similar-sounding domain on the 11th of October and have built a replica of the FCSA’s website. The cloned website includes bogus …
Whether it’s built in-house or provided by a third party, almost every UK-based umbrella company uses umbrella company software. Not only can umbrella company software make life easier for those working at the umbrella company, but there are loads of benefits available to umbrella company employees too. Keep reading, and …
What Is Umbrella Company Software And How Can It Help? » Read the full story
In a recent article published by the FCSA, a warning has been issued to recruitment agencies that refer candidates to umbrella companies. It’s become apparent that criminals are pretending to represent well-respected umbrellas under fake companies (with almost identical names) in an attempt to trick agencies into sending payments to …
