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
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
Contracting through a limited company has many benefits, with the most obvious being the tax advantages for those who are outside IR35. However, using an umbrella company has its advantages too! We’re going to investigate both options so that we can help you decide which one is best for your …
Limited vs umbrella: which option should you choose? » Read the full story
If you are a director of your own limited company, you will probably be used to claiming tax relief on a variety of business-related expenses. While this used to be the case for umbrella company employees, the rules have recently tightened around umbrella company expenses, and the tax relief you …
A Quick Guide to Umbrella Company Expenses » Read the full story
An interesting question – and one that is regularly asked online by umbrella company employees. The short answer is that it depends entirely on your personal circumstances. If your only source of income is paid to you via an umbrella company (PAYE) – you don’t need to submit a personal …
If you use an umbrella company, do you need to submit a personal tax return? » Read the full story
One of the most frequently asked questions by contractors and freelancers before they register with an umbrella company is how much they will get paid? We thought we’d answer this question in a simple and straightforward way so you can easily understand the umbrella company take home pay. The margin …
Understanding umbrella company take home pay » Read the full story
If you are new to the world of contracting, there are lots of different options to consider. Arguably the most critical decision is whether to set up your own limited company or work through an umbrella company. With the legislation changes to off-payroll working in the private sector just around …
Umbrella company benefits – 10 reasons why using a brolly is a good idea! » Read the full story
Everyone likes a bargain! As a result, you should absolutely look for an attractive deal from an umbrella company. After all – the umbrella market is pretty competitive due to the rising number of providers. And as a result, there are some super offers out there! Keep reading and we’ll …
How to properly shop around for an umbrella company deal » Read the full story
This week when speaking to a contractor, I got told: “your lot are finished, HMRC have seen to that.” Quite who my “lot” are, or how we have offended this gentleman – I don’t know. However, this did encourage me to go and do some research into what this chap …
Umbrella companies aren’t finished yet – according to HMRC » Read the full story
While life appears to be returning to something approaching reality, the view ahead is not quite so cheery.
News is reaching us here at a rainy UCHQ that the Government may be set for a few more fireworks than even Guy Fawkes managed way back in 1605. Voice of many, Contractor UK, has summoned the troops in the form of a group of other contractor allies, and has …
Another Month, Another IR35 Twist in the Tail » Read the full story
Umbrella contractors accosted by Nigel Farage’s smiling face in the wake of the Brexit vote are all wondering: what’s going to happen to us now?
In news that shows just how queer the employment sector can be, a new report shows the most in-demand roles in the north-west of England as of late.
Turns out umbrella contractors are no different than traditional employees – a new survey found that steady wages are highly desired by temp workers.
Despite everything, pay levels for umbrella contractors are actually up year on year, even if it seems impossible with the current market conditions.
