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 …
Chat GPT is being mentioned everywhere. It is in the news, on social media, and it’s even being discussed at the local pub. But what is it, and can it accurately answer essential questions about umbrella companies? We wanted to test Chat GPT and see how accurate it is. Therefore, …
Last year (2022), HMRC released a list of named tax avoidance schemes, which they have frequently added to. In January, the government added five tax avoidance schemes to the list, and this month, a further two – Canopaye Limited and Integra Resourcing Limited. Please keep reading for more information. In …
Umbrella companies remain a popular payroll provider for contractors and freelancers in the UK. However, how much do you know about umbrella companies, and are you aware of the pros and cons of using an umbrella company in 2023? Keep reading for more information. Pros of using an umbrella company …
The pros and cons of using an umbrella company in 2023 » Read the full story
Industry bodies IWORK and Contractor Voice have teamed up to spread a message to contractors and supply chain bodies. With reports of a small number of umbrella companies unethically retaining workers’ holiday pay, the two industry bodies are encouraging compliant umbrellas to “publicly pledge to always give workers what is owed …
If you are in the middle of choosing a new umbrella company, you are probably trying to identify a cheap umbrella company to ensure you maximise your pay retention. However, there are a lot of factors to consider when determining whether a cheap umbrella company is worth engaging with. This …
How cheap is a cheap umbrella company? » Read the full story
Stakeholders have recently scrutinised the FCSA because of recent changes to their Codes of Compliance. In this article, we share an exclusive interview with Chris Bryce, CEO of the FCSA. Chris explains that the FCSA “wish to set the record straight” and has provided excellent insight into what has happened. …
Compliant umbrella companies will not only explain how holiday pay works before you register with them, but they’ll also ensure they process it compliantly and as requested. Frustratingly, this hasn’t always been the case and a few umbrella companies have been accused of retaining holiday pay for themselves – leaving …
If you’re a contractor or freelancer, there are many rules and regulations to understand within your sector – especially when it comes to payroll. For example, with so many temporary workers finding themselves inside IR35 since recent changes to off-payroll working rules, hundreds of thousands of workers have been required …
10 organisations every contractor and freelancer should be following » Read the full story
The Association of Independent Professionals and the Self-Employed (IPSE) has released a report which looks at the attitudes of temporary workers who are using the services of umbrella companies for payroll. The report has some fascinating findings, as we summarise in this article. Please keep reading for more information and …
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
The deadline is this evening! If you are a contractor, freelancer, recruitment agency or end-hirer who engages with umbrella companies, please help the government with the call for evidence into umbrella companies. The consultation closes this evening at 11:45 PM. Your input could help shape the future of the umbrella …
Last year, the government opened a call for evidence into umbrella companies, and they want the entire supply chain to contribute. Whether you’re a contractor or freelancer or represent an agency or end-client, please participate and help the government better understand the marketplace. It looks like regulations will be arriving …
We’re delighted to announce that our team has been lucky enough to have an exclusive interview with Chris Bryce – the new CEO at the Freelancer and Contractor Services Association (FCSA). Please keep reading to discover Chris’s thoughts on his new job, the FCSA, regulating umbrella companies, and advice for …
An exclusive interview with Chris Bryce – the new CEO at the FCSA » Read the full story
A few weeks ago, Parasol, a leading umbrella company, was struck by a cyber-attack that caused severe issues to the company’s operations. Now, it appears the impact of the attack remains, and angry employees have taken to Twitter to share their displeasure. The last public update from Parasol was well …
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 …
