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First-Tier Tribunal Rules In Favour Of HMRC Leaving Umbrella Company Exchequer Solution Facing £11 Million Tax Bill

First-Tier Tribunal rules in favour of HMRC leaving umbrella company Exchequer Solutions facing £11 million tax bill

An FCSA accredited umbrella company, Exchequer Solutions, has lost a First-Tier Tribunal against HMRC relating to an £11 million tax bill due to errors processing historical contractor expenses. In this article, we summarise the case between HMRC and Exchequer Solutions and share the FCSA’s official response to the First-Tier Tribunal …

First-Tier Tribunal rules in favour of HMRC leaving umbrella company Exchequer Solutions facing £11 million tax bill » Read the full story

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 …

Contractors should never feel forced to use an umbrella company » Read the full story

Advice For Contractors Who Think They’ve Not Received Their Fair Share Of Holiday Pay From An Umbrella Company

Advice for contractors who think they’ve not received their fair share of holiday pay from an umbrella company

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 …

Advice for contractors who think they’ve not received their fair share of holiday pay from an umbrella company » Read the full story

Umbrella company fees: what do you need to know?

There is often a lot of confusion surrounding umbrella company fees, so we wanted to clarify any misunderstandings. This article will explain how umbrella companies make money and what you should expect to retain after the deductions to your gross salary have been made. If you have any questions, please …

Umbrella company fees: what do you need to know? » Read the full story

Umbrella Company Examples – The Difference Between A Compliant Umbrella And Tax Avoidance Scheme

Umbrella company examples – the difference between a compliant umbrella and tax avoidance scheme

We’ve noticed that many contractors and freelancers are Google searching for ‘umbrella company examples’, and as a result, our team has put a few examples together to help you out. Please keep reading for two umbrella company examples – one example being an experience with a compliant umbrella company and …

Umbrella company examples – the difference between a compliant umbrella and tax avoidance scheme » Read the full story

An Umbrella Company Comparison Guide

An Umbrella Company Comparison Guide

The umbrella company market is booming, and there are over 500 providers in the UK. With so many companies to choose from, how do you know which umbrella will provide you with the best value and most reliable payroll service? Please keep reading because this guide will explain everything you …

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IPSE release report examining the attitudes and concerns of umbrella company workers

IPSE release report examining the attitudes and concerns of umbrella company workers

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 …

IPSE release report examining the attitudes and concerns of umbrella company workers » Read the full story

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

Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers

Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers

Last year, the Employment Appeal Tribunal ruled against Gary Smith, a past heating engineer at Pimlico Plumbers, regarding backdated holiday pay. However, having appealed further, the Supreme Court has ruled in favour of the previous employee in a ground-breaking case. Keep reading, and we’ll summarise the recent case and remind …

Court of Appeal rules in favour of worker in holiday pay case against Pimlico Plumbers » Read the full story

What is going on at Parasol Group?

What is going on at Parasol Group?

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 …

What is going on at Parasol Group? » 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

Download Our Complete Guide To Umbrella Companies

Download our complete guide to umbrella companies

If you’re new to umbrella companies, you will probably have many questions about how they work and process your payroll. Our Team has put together a complete guide to umbrella companies, and it sets out to answer all of the most commonly asked questions about umbrella companies and how they …

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Parasol umbrella company experiences "system outage" resulting in delayed payments

Parasol umbrella company experiences “system outage” resulting in delayed payments

One of the UK’s best-known umbrella companies, Parasol, has experienced a “system outage”, which has resulted in late payments to umbrella employees. Here is what we know – keep reading to find out more. Scroll down for the latest developments. Parasol is “working tirelessly” to resolve a “system outage” In …

Parasol umbrella company experiences “system outage” resulting in delayed payments » Read the full story

Is The Cheapest Umbrella Company The Best Option?

Is the cheapest umbrella company the best option?

If you’re interested in using an umbrella company for your payroll, you may be tempted to identify the cheapest umbrella company in the marketplace and use them. However, is this a good idea? This article explains why you need to consider more than just the umbrella company’s margin before you …

Is the cheapest umbrella company the best option? » 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

Finding an umbrella company in the New Year: 10 tips for contractors and freelancers seeking an umbrella company

Finding an umbrella company in the New Year: 10 tips for contractors and freelancers seeking an umbrella company

The demand for umbrella companies is rising due to recent changes to off-payroll working rules (IR35). It’s estimated that hundreds of thousands of temporary workers require the services of an umbrella for their payroll. Our latest article is aimed at both well-established contractors and those who are becoming temporary workers …

Finding an umbrella company in the New Year: 10 tips for contractors and freelancers seeking an umbrella company » Read the full story

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