In a world where more and more contractors are finding themselves inside IR35, umbrella companies have seen a rapid rise in popularity. Well, maybe popularity isn’t the right word to use. Why? Because we’ve seen so many negative comments and articles about umbrella companies over the recent months. As a …
Umbrella companies are not the bad guys! » Read the full story
We are not here to antagonise anyone, especially umbrella companies that are committed to operating compliantly. However, we recently came across an article that grabbed our attention – for the wrong reasons. The article in question suggests that a margin up to £30 per week for an umbrella company is …
£30 a week for an umbrella company margin? No thanks! » Read the full story
Can you trust an umbrella company calculation? ‘Umbrella company calculation’ is a much-searched phrase by contractors and freelancers in the UK. And it’s no surprise. Whether you’ve been contracting for years, or you’re relatively new on the scene, it’s only natural that you want to get an idea of your …
Can you trust an umbrella company calculation? » Read the full story
Umbrella company holiday pay can confuse contractors and freelancers, and this doesn’t surprise us. Umbrella company holiday pay is slightly unusual, but don’t worry – it’s not as confusing as you think. Whether you’re new to contracting, unsure how umbrella companies work, or just want a friendly reminder – we’ll …
How does Holiday Pay work with an umbrella company? » Read the full story
Off-payroll in the public sector came into effect a few years ago now, and the impact on the temporary workforce has been massive. Hats off to all the public sector organisations that took the legislation seriously and had reliable and efficient IR35 assessment protocols in place. Unfortunately, loads of companies …
Hopefully a fair world awaits contractors after April 2021 » 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
To put it bluntly – tax avoidance schemes are evil. They trick you into thinking paying less tax is fine and they’ll help you retain more of your hard-earned money. But what they fail to mention is the fact that if you engage with one, you’ll more than likely face …
How to spot a tax avoidance scheme, and why you should never use one » Read the full story
Under new employment legislation, recruitment agencies will present contractors and agency workers with a Key Information Document before a contract is signed or agreed. The Key Information Document will give you a realistic take home pay projection and outline the deductions you can expect to see to your pay. The …
