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A guide to help contractors and freelancers choose a compliant umbrella company

A guide to help contractors and freelancers choose a compliant umbrella company

For your payroll, you must only work with compliant umbrella companies to avoid underpaying taxes and owing HMRC thousands of pounds. Verifying if the umbrella company you wish to work with is SafeRec Certified, FCSA Accredited, or Professional Passport Accredited is one way to make sure they are operating in …

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FAQ – Do I have to use an umbrella company for my payroll?

FAQ – Do I have to use an umbrella company for my payroll?

Umbrella companies are in high demand by contractors and freelancers looking for a compliant way to be paid while working on temporary assignments. While most offer compliant and straightforward payroll, some have recently made the headlines for the wrong reasons, including so-called “salary skimming” and signs of malpractice. In this …

FAQ – Do I have to use an umbrella company for my payroll? » Read the full story

Try the free and comprehensive umbrella company calculator built by Payslip Buddy

Try the free and comprehensive umbrella company calculator built by Payslip Buddy

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 …

Try the free and comprehensive umbrella company calculator built by Payslip Buddy » Read the full story

Do Contractors Using An Umbrella Company Need To Submit A Self-Assessment Tax Return For The 2021/22 Tax Year?

Do contractors using an umbrella company need to submit a self-assessment tax return for the 2021/22 tax year?

A common question amongst umbrella company employees is – “I am using an umbrella company; do I need to submit a self-assessment tax return for the 2021/22 tax year”. As we explain in this article, the answer depends solely on your circumstances. Please keep reading for more information. Umbrella employees …

Do contractors using an umbrella company need to submit a self-assessment tax return for the 2021/22 tax year? » Read the full story

How do you register with an umbrella company?

How do you register with an umbrella company?

Registering with an umbrella company is straightforward and can be completed in no more than 15 minutes. However, you will be required to share a lot of personal information and sign and return a contract of employment. This blog breaks down the umbrella company registration process and discusses how you …

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The pros and cons of using an umbrella company in 2023

The pros and cons of using an umbrella company in 2023

Umbrella companies remain a popular payroll provider for contractors and freelancers in the UK. However, how much do you know about umbrella companies, and are you aware of the pros and cons of using an umbrella company in 2023? Keep reading for more information. Pros of using an umbrella company …

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HMRC adds another payroll provider to its list of tax avoidance schemes

HMRC adds another payroll provider to its list of tax avoidance schemes

HMRC has added another new company to its list of tax avoidance schemes – which now consists of over 30 companies. We PAYE Umbrella Limited is the latest to make the list. Keep reading to learn more about We PAYE Umbrella Limited and why HMRC considers them non-compliant. We PAYE …

HMRC adds another payroll provider to its list of tax avoidance schemes » Read the full story

Contractors Should Never Feel Forced To Use An Umbrella Company

Contractors should never feel forced to use an umbrella company

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 …

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Advice for contractors: An umbrella company example

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

How do umbrella companies make money?

How Do Umbrella Companies Make Money?

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

What is the difference between a compliant umbrella company and a tax avoidance scheme?

What is the difference between a compliant umbrella company and a tax avoidance scheme?

There is no hiding from the fact that changes to IR35 (off-payroll) have resulted in more unscrupulous tax avoidance schemes targetting workers who require umbrella payroll (PAYE). It’s disappointing to see. While most umbrellas are UK based and fully compliant with HMRC’s rules and regulations, some are preying on vulnerable …

What is the difference between a compliant umbrella company and a tax avoidance scheme? » Read the full story

What you need to know when checking your umbrella company payslips, according to government guidance

What you need to know when checking your umbrella company payslips, according to government guidance

The government has been very busy writing guidance to help those who require the services of umbrella companies. Earlier in the year, the government published advice on working through an umbrella company. Since then, we’ve seen multiple new guidance pieces appear on the government’s website, including information on the risks …

What you need to know when checking your umbrella company payslips, according to government guidance » Read the full story

What Government Guidance Is Available About Umbrella Companies?

What Government Guidance Is Available About Umbrella Companies?

To help temporary workers who are required to use an umbrella company for specific assignments (should they choose to accept the role), the government has released several pieces of guidance designed to make life easier for those impacted (including the supply chain). In this article, we’ve summarised the available government …

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New Government Guidance Sets Out To Help You Identify “If You Are At Risk Of Tax Avoidance”

New Government Guidance Sets Out To Help You Identify “If You Are At Risk Of Tax Avoidance”

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 …

New Government Guidance Sets Out To Help You Identify “If You Are At Risk Of Tax Avoidance” » Read the full story

The FCSA updates Charter to clear up confusion surrounding offshore operations for its members

The FCSA updates Charter to clear up confusion surrounding offshore operations for its members

The FCSA, the UK’s leading professional body committed to ensuring the supply chain of temporary workers is compliant with UK tax law, has updated its Charter in response to concerns raised by third parties. Rather than approach the FCSA in a calm and collected manner, some stakeholders were quick to …

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Unified Payroll also struck by a “security issue” that has resulted in missed payments to umbrella employees

Unified Payroll also struck by a “security issue” that has resulted in missed payments to umbrella employees

Another umbrella company has been targeted by scammers resulting in failed payments to umbrella company employees. This time, Unified Payroll has been left “unable to remit any payments to any workers” due to “severe issues” with their payroll system. The entire company update is posted below. If you are an …

Unified Payroll also struck by a “security issue” that has resulted in missed payments to umbrella employees » Read the full story

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