Umbrella Company Glossary
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There is a misconception that umbrella companies are highly complicated. While there is plenty of information to get your head around, they’re far more straightforward than you might have imagined.
To help you understand umbrella companies better, we’ve created an umbrella company glossary that provides simplified definitions for many of the key terms and topics surrounding umbrella companies. Our site is full of resources to assist contractors and freelancers, and many of the definitions below link to further information that we hope you find helpful.
There is currently 1 Umbrella Company Term in this directory beginning with the letter F.
F
Freelancer and Contractor Services Association (FCSA)
The Freelancer and Contractor Services Association (FCSA) is the leading professional body in the UK dedicated to ensuring the supply chain of temporary workers is compliant. To obtain FCSA accreditation, umbrella companies (and contractor accountants) must undergo a series of rigorous and intense assessments and audits conducted by approved third parties. Only once an umbrella has proven they fully abide by the FCSA's Codes of Compliance (available publicly online) can it earn FCSA accreditation. We recommend only considering using an umbrella company with professional accreditation from the FCSA or Professional Passport (another leading professional body).