umbrella company Archives | Page 2 of 29

An overview of the key announcements in September’s mini-budget

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

IWORK and Contractor Voice collaborate and encourage umbrella companies to promote their fair approach to holiday pay

news / August 16, 2022 August 16, 2022 / contractor voice, iwork, umbrella companies, umbrella companies holiday pay, umbrella company, umbrella company holiday pay, umbrella leaders association

Industry bodies IWORK and Contractor Voice have teamed up to spread a message to contractors and supply chain bodies. With reports of a small number of umbrella companies unethically retaining workers’ holiday pay, the two industry bodies are encouraging compliant umbrellas to “publicly pledge to always give workers what is owed …

IWORK and Contractor Voice collaborate and encourage umbrella companies to promote their fair approach to holiday pay » Read the full story

How cheap is a cheap umbrella company?

news / August 4, 2022 August 4, 2022 / budget umbrella companies, budget umbrella company, cheap umbrella companies, cheap umbrella company, discount umbrella company, low cost umbrella companies, low cost umbrella company, low umbrella company margin, umbrella companies, umbrella company, umbrella company margin, value umbrella, value umbrella companies

If you are in the middle of choosing a new umbrella company, you are probably trying to identify a cheap umbrella company to ensure you maximise your pay retention. However, there are a lot of factors to consider when determining whether a cheap umbrella company is worth engaging with. This …

How cheap is a cheap umbrella company? » Read the full story

First-Tier Tribunal Rules In Favour Of HMRC Leaving Umbrella Company Exchequer Solution Facing £11 Million Tax Bill

First-Tier Tribunal rules in favour of HMRC leaving umbrella company Exchequer Solutions facing £11 million tax bill

news / June 23, 2022 June 23, 2022 / chris bryce, exchequer solutions, exchequer solutions hmrc, exchequer solutions tax bill, exchequer solutions tribunal, fcsa, first tier tribunal exchequer solutions, first tier tribunal hmrc, first tier tribunal umbrella company, first-tier tribunal, hmrc, umbrella company, umbrella company exchequer solutions, umbrella company expenses

An FCSA accredited umbrella company, Exchequer Solutions, has lost a First-Tier Tribunal against HMRC relating to an £11 million tax bill due to errors processing historical contractor expenses. In this article, we summarise the case between HMRC and Exchequer Solutions and share the FCSA’s official response to the First-Tier Tribunal …

First-Tier Tribunal rules in favour of HMRC leaving umbrella company Exchequer Solutions facing £11 million tax bill » Read the full story

Contractors should never feel forced to use an umbrella company

news / June 20, 2022 June 20, 2022 / accredited umbrella companies, agency preferred supplier list, agency psl, choosing umbrella company, contractor petition, forced to use umbrella, list of umbrella companies, PAYE, PAYE umbrella company, preferred supplier list, umbrella company, umbrella company on preferred supplier list, umbrella company on psl, umbrella company petition, umbrella company psl

Using an umbrella company is a popular payroll choice for tens of thousands of contractors and freelancers working on temporary assignments. However, not everyone is keen to use an umbrella. There have been reports of recruitment agencies forcing temporary workers to use specific umbrella companies if they want to keep …

Contractors should never feel forced to use an umbrella company » Read the full story

Advice for contractors who think they’ve not received their fair share of holiday pay from an umbrella company

news / June 13, 2022 June 13, 2022 / accrued holiday pay, contractor voice, fcsa, holiday pay, ipse, IT contracting, professional passport, retain holiday pay, umbrella companies, umbrella companies holiday pay, umbrella company, umbrella company holiday pay

Compliant umbrella companies will not only explain how holiday pay works before you register with them, but they’ll also ensure they process it compliantly and as requested. Frustratingly, this hasn’t always been the case and a few umbrella companies have been accused of retaining holiday pay for themselves – leaving …

Advice for contractors who think they’ve not received their fair share of holiday pay from an umbrella company » Read the full story

Umbrella company fees: what do you need to know?

news / June 10, 2022 June 10, 2022 / compliant umbrella companies, fortnightly margin, gross margin, monthly margin, net margin, umbrella companies fees, umbrella companies margin, umbrella company, umbrella company fee, umbrella company fees, umbrella company margin, umbrella fee, umbrella margin, umbrella paye, weekly margin

There is often a lot of confusion surrounding umbrella company fees, so we wanted to clarify any misunderstandings. This article will explain how umbrella companies make money and what you should expect to retain after the deductions to your gross salary have been made. If you have any questions, please …

Umbrella company fees: what do you need to know? » Read the full story

Umbrella company examples – the difference between a compliant umbrella and tax avoidance scheme

news / May 20, 2022 May 20, 2022 / example of compliant umbrella, example of tax avoidance scheme, example of umbrella company, fcsa, professional passport, tax avoidance scheme, umbrella company, umbrella company demo, umbrella company example, umbrella company examples

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 …

Umbrella company examples – the difference between a compliant umbrella and tax avoidance scheme » Read the full story

An Umbrella Company Comparison Guide

news / May 17, 2022 May 17, 2022 / best umbrella company, choose best umbrella, compare the umbrella company, compare umbrella companies, compare umbrella company, fcsa, professional passport, umbrella company, umbrella company compare, umbrella company comparison, umbrella table, which umbrella company

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 …

An Umbrella Company Comparison Guide » Read the full story

IPSE release report examining the attitudes and concerns of umbrella company workers

news / April 26, 2022 April 26, 2022 / ipse, ipse umbrella company, ipse umbrella company report, umbrella companies, umbrella company, umbrella company analysis, Umbrella company report, umbrella company review, umbrella company study

The Association of Independent Professionals and the Self-Employed (IPSE) has released a report which looks at the attitudes of temporary workers who are using the services of umbrella companies for payroll. The report has some fascinating findings, as we summarise in this article. Please keep reading for more information and …

IPSE release report examining the attitudes and concerns of umbrella company workers » Read the full story

Advice for contractors: An umbrella company example

news / February 25, 2022 February 25, 2022 / example of umbrella company, how does an umbrella company work, pay as you earn, PAYE, umbrella companies, umbrella companies example, umbrella company, umbrella company example, umbrella company guide, umbrella company scenario, umbrella company walkthrough

As umbrella companies are in higher demand than ever before, we’ve created an umbrella example to help explain how the payroll businesses work, and how the supply chain interacts to ensure temporary workers are paid on time. Keep reading for more information, including access to our umbrella company example infographic. …

Advice for contractors: An umbrella company example » Read the full story

Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers

news / February 2, 2022 February 2, 2022 / appeal, Compliant Umbrella Company, court of appeal, employee, employee benefits, employee rights, fcsa, gary smith, holiday pay, pimlico plumbers, professional passport, supreme court, umbrella company, worker

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 …

Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers » Read the full story

What is going on at Parasol Group?

news / January 28, 2022 January 28, 2022 / parasol, parasol group update, parasol umbrella, parasol umbrella customer services, parasol umbrella issues, parasol umbrella late payments, parasol umbrella system, parasol umbrella update, umbrella companies, umbrella company

A few weeks ago, Parasol, a leading umbrella company, was struck by a cyber-attack that caused severe issues to the company’s operations. Now, it appears the impact of the attack remains, and angry employees have taken to Twitter to share their displeasure. The last public update from Parasol was well …

What is going on at Parasol Group? » Read the full story

How Do Umbrella Companies Make Money?

news / January 26, 2022 January 28, 2022 / compliance, fcsa, hmrc, how do umbrella companies make money, monthly umbrella company margin, PAYE, professional passport, umbrella companies, umbrella companies margin, umbrella company, umbrella company fee, umbrella company margin, weekly umbrella company margin

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 …

How Do Umbrella Companies Make Money? » Read the full story

Download our complete guide to umbrella companies

news / January 17, 2022 January 13, 2022 / complete umbrella company guide, guide to umbrella companies, how do umbrella companies work, umbrella companies, umbrella companies explained, umbrella companies guide, umbrella company, umbrella company guide

If you’re new to umbrella companies, you will probably have many questions about how they work and process your payroll. Our Team has put together a complete guide to umbrella companies, and it sets out to answer all of the most commonly asked questions about umbrella companies and how they …

Download our complete guide to umbrella companies » Read the full story

Parasol umbrella company experiences “system outage” resulting in delayed payments

news / January 13, 2022 January 24, 2022 / parasol, parasol umbrella, parasol umbrella customer services, parasol umbrella issues, parasol umbrella late payments, parasol umbrella system, umbrella companies, umbrella company

One of the UK’s best-known umbrella companies, Parasol, has experienced a “system outage”, which has resulted in late payments to umbrella employees. Here is what we know – keep reading to find out more. Scroll down for the latest developments. Parasol is “working tirelessly” to resolve a “system outage” In …

Parasol umbrella company experiences “system outage” resulting in delayed payments » Read the full story

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