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Professional Passport release report on umbrella companies: The Good, The Bad and The Ugly

Professional Passport release report on umbrella companies: The Good, The Bad and The Ugly

Professional Passport, payroll intermediary compliance specialists, has released a thorough report on umbrella companies. In the 38-page document, Crawford Temple, CEO at Professional Passport, outlines the industry’s legislation for 40 years. He then provides a series of suggestions to HMRC on how to regulate umbrella companies and stop non-compliance. It’s …

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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

The truth about umbrella companies in 2021

The truth about umbrella companies in 2021

Shock! Umbrella companies are in the news again. It’s mightily frustrating to read that some umbrellas out there completely disregard the rules and put their employees at risk of non-compliance. Now seems the perfect opportunity to reassure our readers that most UK-based umbrella companies are compliant and provide a pretty …

The truth about umbrella companies in 2021 » Read the full story

Greedy contractors could be fueling tax avoidance schemes

Greedy contractors could be fueling tax avoidance schemes

We’re grateful to have some friends within the umbrella company marketplace who are well-positioned to share valuable experiences with our readers. We’re surprised to hear the number of contractors who complain to umbrella companies about their take-home pay and how other umbrella companies are quoting them more. Some temporary workers …

Greedy contractors could be fueling tax avoidance schemes » Read the full story

Should Umbrella Companies Be Regulated?

Should umbrella companies be regulated?

In recent news, the umbrella company industry has come under fire, and there are calls for umbrella companies to be regulated. This article looks at why there is a demand for umbrella companies to be regulated. We also suggest what we would like to see in terms of regulating the …

Should umbrella companies be regulated? » 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

Mini umbrella companies strike again

Mini umbrella companies strike again

Mini umbrella companies have hit the news again as it’s become apparent that some dishonest and greedy recruitment agencies have engaged with them to pay their temporary candidates. Astonishingly, a BBC investigation found that mini umbrella companies were paying some Covid test centre workers. These pose a serious threat to …

Mini umbrella companies strike again » Read the full story

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

A Quick Look At Disguised Remuneration

A quick look at disguised remuneration

We recently wrote an article about the Labour Market Intermediaries report by the LITRG. The report includes some essential information on disguised remuneration, and we wanted to focus an article on this topic for the benefit of our readers. Keep reading to find out more about disguised remuneration and the associated …

A quick look at disguised remuneration » Read the full story

The Umbrella Company Checklist For Contractors Inside IR35

The Umbrella Company Checklist For Contractors Inside IR35

If you take on an assignment inside IR35, you may decide that you’re better off using an umbrella company for your payroll. After all, if you’re a limited company contractor– you won’t be able to pay yourself with a combination of dividends and salary because the fee-payer will make deductions …

The Umbrella Company Checklist For Contractors Inside IR35 » Read the full story

Late Self-Assessment Tax Returns Will Avoid Fine If Submitted By 28 February, HMRC Confirms

Late self-assessment tax returns will avoid fine if submitted by 28 February, HMRC confirms

To help people cope with the pressure of the pandemic and the confusions it’s bought to the UK, HMRC has confirmed taxpayers now have until the 28 February 2021 to submit their 2019/20 tax returns – to avoid a penalty. However, it’s still advisable to meet the end of January …

Late self-assessment tax returns will avoid fine if submitted by 28 February, HMRC confirms » 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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What is Pay as You Earn PAYE

What is Pay as You Earn (PAYE)?

If you’re using an umbrella company for your payroll, or you’re considering it, you should already know what Pay as You Earn (PAYE) is. However, if you’re not, or you’d like a friendly reminder – keep reading! We’ll cover the basics. What is PAYE? Pay as You Earn, or usually …

What is Pay as You Earn (PAYE)? » 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

The warning signs of a tax avoidance scheme

The warning signs of a tax avoidance scheme

Using an umbrella company is a simple, hassle-free way to get paid as a contractor, and the majority of umbrella companies operate in a compliant fashion. Unfortunately, there are a few unscrupulous tax avoidance schemes that disguise themselves as umbrella companies, and using one of these could land you in …

The warning signs of a tax avoidance scheme » Read the full story

Useful tips for limited company contractors who may need to use an umbrella company in 2021

Changes to off-payroll in the private sector are set to roll out in April 2021. They may be a year late, but they’re coming! It’s expected that several limited company contractors may find themselves inside IR35 at some point in the future, and as a result, umbrella companies may see …

Useful tips for limited company contractors who may need to use an umbrella company in 2021 » Read the full story

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