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 …
HMRC has shared a recent press release with our team and we thought you would find it helpful. Please keep reading to learn more about the new scheme, which is associated with Darren Patrick-Green and involves contractors engaging with a Singapore company, Procorre LLP, to avoid paying Income Tax and …
HMRC expose new “complex tax avoidance scheme” » Read the full story
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
As 2023 draws to a close, we have been looking back at the umbrella company marketplace to summarise everything we have learned. Please take a look and let us know whether you agree with our summary, and comment with your thoughts below! 1) SafeRec is a game-changer SafeRec has really …
5 things we have learned about the umbrella company marketplace in 2023 » Read the full story
Earlier today (Wednesday, 22nd November 2023), Chancellor of the Exchequer, Jeremy Hunt, delivered the Autumn Statement 2023 in parliament. Some important announcements were made that will impact contractors and freelancers (as well as small business owners). Keep reading to learn more about the Autumn Statement 2023, including the views of …
ContractorCalculator, a well-respected news source for contractors and freelancers, has conducted a survey which has “uncovered alarming levels of non-compliance and a lack of worker protections within the umbrella industry”. We’ve summarised the survey’s findings below and have provided some helpful tips to help you pick a compliant umbrella company …
Embarking on a contracting career in the United Kingdom requires a keen understanding of umbrella companies’ pivotal role in this sector. They act as indispensable intermediaries between contractors and clients, significantly easing the administrative workload for contractors and ensuring that they are paid on time and in accordance with UK …
Everything you need to know about non-compliant umbrella companies » Read the full story
If you are a freelancer, contractor or temporary worker payroll sector stakeholder, you may have heard of SafeRec. The AI-powered software has taken the umbrella company sector by storm and has painted a new path for umbrellas looking to prove to their workers and agencies they operate compliantly with HMRC. …
Tax avoidance schemes remain a serious concern to stakeholders within the contractor payroll and staffing sector. While most umbrella companies operate compliantly, some unethically aim to boost take-home pay by reducing tax and National Insurance Contributions. Recently, the government has opened a consultation to review tougher consequences for promoters of …
To protect contractors and freelancers using umbrella companies in the UK, the FCSA has teamed up with SafeRec to provide a free payslip review service. It is free and available to employees of any umbrella company – not just those using an FCSA-accredited umbrella for their payroll. Keep reading for …
FCSA launches umbrella company payslip review initiative powered by SafeRec » Read the full story
Last year, Orange Genie, an FCSA-accredited umbrella company, was accused of salary skimming – a practice where an umbrella unethically retains more than its margin, and employees are left out of pocket. On the back of an investigation, the FCSA suspended Orange Genie for six months. On Friday, 5th May …
The Freelancer and Contractor Services Association (FCSA) has recently launched a new whistleblowing hotline for contractors and freelancers to report non-compliant and unethical behaviour from umbrella companies. Chris Bryce, CEO of the Freelancer and Contractor Services Association, contributed a guest blog to Contractor UK discussing the new FCSA whistleblowing hotline. …
It appears that a government-proposed “Single Enforcement Body” designed to monitor umbrella companies and maintain the highest compliance standards has been put on hold. Therefore, it’s never been more important for temporary workers to understand how to pick a compliant umbrella company in 2023 and spot the obvious signs of …
A quick guide to help contractors pick a compliant umbrella company in 2023 » Read the full story
Over the last few months, a small number of umbrella companies have been accused of salary skimming and essentially boosting their profits at the expense of employees. Most recently, Contractor Voice accused Liquid Friday, an FCSA-accredited umbrella company, of malpractice. The FCSA has now released a statement about an investigation …
Contractor Voice has accused an FCSA-accredited umbrella company of unlawfully retaining the pay of the contractors it has been paying. Keep reading to learn more about these allegations and the official response from the FCSA. Orange Genie intended to “skim” money from the salaries of contractors, accordingly to Contractor Voice …
Umbrella companies are always a hot topic. With the payroll providers growing in demand, we wanted to create a friendly space for contractors, freelancers and industry stakeholders to discuss everything related to payroll. As a result, we’re delighted to announce we have launched a brand new umbrella company forum, and …
New umbrella company forum launched by team at UCHQ » Read the full story
