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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 …

What Government Guidance Is Available About Umbrella Companies? » Read the full story

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 …

The FCSA updates Charter to clear up confusion surrounding offshore operations for its members » Read the full story

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

Giant Pay temporarily close down systems in response to “suspicious activity” on network

Giant Pay temporarily close down systems in response to “suspicious activity” on network

Leading umbrella company Giant Pay was forced to close down their systems on Friday 24th September due to “suspicious activity”. As a result, thousands of contractors have been left unpaid. Here is what we know so far. We sincerely hope the matter is resolved soon. If you use Giant Pay …

Giant Pay temporarily close down systems in response to “suspicious activity” on network » Read the full story

Understanding an umbrella company calculation: A short breakdown

Understanding an umbrella company calculation: a short breakdown

Before registering with an umbrella company, it’s common for temporary workers to request an umbrella company calculation to get a better understanding of take-home pay retention. However, before shopping around for an umbrella company that ticks all of your boxes, it’s crucial you understand how umbrella companies work, and how …

Understanding an umbrella company calculation: a short breakdown » Read the full story

Is There A Tie In Period With An Umbrella Company?

Is there a tie in period with an umbrella company?

One common question that some temporary workers have regarding umbrella companies is whether or not there is a tie-in period with their services. We’ll answer this question below. However, in short – no. There is not a tie-in period with an umbrella company, assuming they’re compliant. Keep reading to find …

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Churchill Knight Umbrella Is Open To The Idea Of Industry-Wide Umbrella Company Regulations

Churchill Knight Umbrella is open to the idea of industry-wide umbrella company regulations [Sponsored Editorial]

The following editorial has been written for umbrellacompanies.org.uk by Churchill Knight Umbrella – an FCSA accredited umbrella company. Recently, umbrella companies have been under fire in the news, most notably with the developments associated with mini umbrella company (MUC) fraud. While most umbrella companies (including Churchill Knight Umbrella) operate in …

Churchill Knight Umbrella is open to the idea of industry-wide umbrella company regulations [Sponsored Editorial] » Read the full story

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 …

The LITRG share several tips to help contractors find compliant umbrella companies » Read the full story

10 reasons to choose a compliant umbrella company

10 reasons to choose a compliant umbrella company

The coronavirus pandemic has significantly impacted the world, and especially the UK’s temporary workforce. However, while it may be tempting to choose an umbrella that’s offering inflated pay retention, its crucial contractors, freelancers and agency workers choose a compliant umbrella company for their payroll. Keep reading, and we’ll explain 10 …

10 reasons to choose a compliant umbrella company » Read the full story

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 …

Professional Passport release report on umbrella companies: The Good, The Bad and The Ugly » Read the full story

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