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Umbrella company cloning remains a serious threat to the sector in 2022

Sadly, the threat of umbrella company cloning doesn’t appear to have faded away. Instead, it remains a severe danger to the industry. If you work for an umbrella company, you must understand what umbrella company cloning is to protect your own business. But it isn’t just umbrella companies that need …

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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 …

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HMRC release new guidance to help agencies reduce risk of engaging with non-compliant umbrella companies

HMRC release new guidance to help agencies reduce risk of engaging with non-compliant umbrella companies

The government may not actively endorse umbrella companies, but they have recently released some helpful guidance online for temporary workers, recruitment agencies and businesses that engage with contractors and freelancers. The latest guidance (released in October 2021) is written for recruitment agencies and firms that use temporary workers and is …

HMRC release new guidance to help agencies reduce risk of engaging with non-compliant umbrella companies » Read the full story

Umbrella company cloning is the latest threat to the contractor payroll industry

Umbrella company cloning is the latest threat to the contractor payroll industry

In a recent article published by the FCSA, a warning has been issued to recruitment agencies that refer candidates to umbrella companies. It’s become apparent that criminals are pretending to represent well-respected umbrellas under fake companies (with almost identical names) in an attempt to trick agencies into sending payments to …

Umbrella company cloning is the latest threat to the contractor payroll industry » Read the full story

Giant Pay confirms over 18,000 payments have been made and “all outstanding payrolls” have been processed after security breach

Giant Pay confirms over 18,000 payments have been made and “all outstanding payrolls” have been processed after security breach

Over a week after Giant Pay became the “victim of a sophisticated cyber-attack”, an update on the company’s website confirmed that on Friday 1st October 2021, Giant Pay had been able to make “over 18,000 payments to workers” and had “processed and paid all outstanding payrolls”. The full announcement from …

Giant Pay confirms over 18,000 payments have been made and “all outstanding payrolls” have been processed after security breach » Read the full story

Advice for contractors and recruitment agencies to stay safe from cyber-criminals when engaging with an umbrella company

Advice for contractors and recruitment agencies to stay safe from cyber-criminals when engaging with an umbrella company

The security threats faced by Giant Pay and Unified Payroll have sent shockwaves through the umbrella company marketplace. Thousands of contractors have failed to receive their hard-earned salaries, and a lack of communication has caused extreme frustration by those impacted. We sincerely hope everything is resolved shortly. Our thoughts are …

Advice for contractors and recruitment agencies to stay safe from cyber-criminals when engaging with an umbrella company » 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 …

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Mini Umbrella Companies (MUC) Giving Industry Bad Name

“Mini umbrella companies” (MUC) are the latest thing to try and give the marketplace a bad name

A majority of umbrella companies are compliant, but it only takes one or two non-compliant providers to come to light to give the marketplace a bad name. Well, it’s happened again. And it’s really annoyed us. We’re not going to announce the names of the irresponsible providers that are responsible, …

“Mini umbrella companies” (MUC) are the latest thing to try and give the marketplace a bad name » Read the full story

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