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The LITRG share several tips to help contractors find compliant umbrella companies

The LITRG share several tips to help contractors find compliant umbrella companies

The Low Incomes Tax Reform (LITRG) has unveiled several valuable tips to help contractors pick a reliable umbrella company and stay clear from unethical providers. Please keep reading, and we’ll summarise the LITRG’s suggestions to help you find compliant umbrella companies. Anyone can set up an umbrella company, so be …

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REC calls for HMRC to set up dedicated umbrella company hotline to easily report malpractice

REC calls for HMRC to set up dedicated umbrella company hotline to easily report malpractice

The Recruitment & Employment Confederation (REC) has suggested that HMRC set up a dedicated umbrella company hotline to report non-compliance, unethical behaviour, and malpractice. What a jolly good idea! Keep reading and find out more. Non-compliant umbrella companies must be reported If you ever come across a non-compliant umbrella company, …

REC calls for HMRC to set up dedicated umbrella company hotline to easily report malpractice » Read the full story

Which umbrella companies are accredited by the FCSA and Professional Passport?

Which umbrella companies are accredited by the FCSA and Professional Passport?

Yet again, a new umbrella company fraud case has come to light, and it’s extremely disappointing. This time, greedy agencies are engaging with min umbrella companies to reduce their costs, while putting their candidates at risk of non-compliance with HMRC. It’s never been more important to use a compliant umbrella …

Which umbrella companies are accredited by the FCSA and Professional Passport? » Read the full story

What are the disadvantages of using an umbrella company?

What are the disadvantages of using an umbrella company?

Before this article, we wrote a short piece about the advantages of using umbrella companies. Now, we wanted to look at the other side and write another blog – this time focusing on the disadvantages of using an umbrella company. Keep reading to find out more. Not the most tax-efficient …

What are the disadvantages of using an umbrella company? » Read the full story

Don't believe umbrella company bad press – 11 facts about umbrella companies

Don’t believe umbrella company bad press – 11 facts about umbrella companies

Umbrella companies are often portrayed negatively by third party organisations who have a vendetta against the government for implementing changes to off-payroll legislation. As a result, umbrella companies are frequently being made a scapegoat. Don’t believe everything you read. Here are eleven facts about umbrella companies. They operate PAYE Compliant …

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Should You Bother Switching Umbrella Companies?

Should you bother switching umbrella companies?

Amazingly, there are over 500 umbrella companies in the UK. Therefore, there is plenty of choice for contractors and freelancers when choosing a company for their payroll. However, if you find a better deal elsewhere, or your current umbrella company is performing disappointingly, should you bother switching umbrella companies? We’ll …

Should you bother switching umbrella companies? » Read the full story

Is it worth your time requesting multiple umbrella company calculations?

Is it worth your time requesting multiple umbrella company calculations?

Due to upcoming legislation changes, more and more contractors are considering using an umbrella company for their payroll. However, is it worth your time requesting multiple umbrella company calculations? Keep reading and find out more. Background to umbrella companies Umbrella companies are an excellent payroll choice for contractors who find …

Is it worth your time requesting multiple umbrella company calculations? » Read the full story

How to identify genuine umbrella company special offers

As more and more contractors shop around the umbrella company market looking for a payroll provider, we wanted to help out and share our knowledge on umbrella company special offers. Some umbrellas are offering excellent, legitimate deals for new clients. However, others are deliberately being misleading and unethical in their …

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Why Use An Umbrella Company?

Why use an umbrella company?

Umbrella companies are growing in demand as a result of the impending changes to off-payroll in the private sector (IR35) legislation. However, thousands of contractors who are used to contracting through a personal service company may be asking ‘why use an umbrella company?’ The following tips should help. Easy alternative …

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10 facts about using a contractor umbrella company

10 facts about using a contractor umbrella company

If you’re interested in using a contractor umbrella company for your payroll, but aren’t sure how they work, you’ve found the right article! Here are 10 facts about umbrella companies. How many of the following were you already aware of? Firstly, we must make it clear – the following facts …

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How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies

How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies

Brexit has finally happened and the UK left the European Union at the turn of the New Year. As a result, we thought an article on How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies would come in really useful. Umbrella companies are employers, and like every employer …

How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies » Read the full story

How to identify the worst umbrella companies in the marketplace

How to identify the worst umbrella companies in the marketplace

Our website is full of useful information to help contractors and freelancers identify the UK’s best umbrella companies. However, we haven’t dedicated an article that explains how to identify the worst umbrella companies. Therefore, we’ve collated 9 points that we think you need to be aware of. Whatever you do …

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Who is the FCSA, and why does FCSA accreditation mean so much to its members?

Who is the FCSA, and why does FCSA accreditation mean so much to its members?

Throughout our website, we reiterate how important it is that contractors and freelancers only use compliant umbrella companies for their payroll. And, we frequently mention that using an FCSA accredited umbrella company is a great idea! But who is the FCSA (Freelancer & Contractor Services Association), and why are we …

Who is the FCSA, and why does FCSA accreditation mean so much to its members? » Read the full story

Your Umbrella Company Does Not Decide How Much You Are Deducted HMRC Does

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does

Time and time again we hear “why is my umbrella taking so much of my money” or “my pay is too low through this umbrella, I want to find out what I can get through another one”. Sadly this is a misunderstanding, and tax avoidance schemes are to blame. They …

Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does » Read the full story

Are there any benefits of using an umbrella company

Are there any benefits to using an umbrella company?

We all like to get a return on our investments – a return that leaves us with the satisfying feeling of having received value for money. But what about umbrella companies? It’s no secret that limited company contractors who are told they’re inside IR35 are likely to see a reduction …

Are there any benefits to using an umbrella company? » Read the full story

HMRC release corporate report that discusses marketed tax avoidance schemes

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant”

A report published on the 26th November 2020 by HMRC discusses marketed tax avoidance schemes, and it makes for some fascinating reading. Entitled ‘Use of marketed tax avoidance schemes in the UK’, HMRC cover the size of the UK’s tax avoidance market, promoters of tax avoidance schemes, and what HMRC …

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant” » Read the full story

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