Important information for agency and temporary workers: beware umbrella company cloning - FI

Important information for agency and temporary workers: beware umbrella company cloning

Contractor, Recruitment, Umbrella CompanyLeave a comment

A new type of fraud has swept across the umbrella company sector, and it’s targetting compliant umbrella companies, recruitment agencies and tens of thousands of honest, hard-working contractors and freelancers. Please keep reading as we explain what umbrella cloning is, what has happened so far, which companies have been targeted, and how to identify fake communication from criminals pretending to represent legitimate umbrella companies.

Using an umbrella company for the first time: 10 useful tips for contractors

Using an umbrella company for the first time: 10 useful tips for contractors

Advice, Contractor, Umbrella CompanyLeave a comment

Demand for umbrella companies has risen considerably since the government changed off-payroll working rules into the private sector earlier in the year. Many temporary workers have been faced with the prospect of using an umbrella company for the first time, and naturally, many questions have arisen. This article will provide first-time umbrella company users with helpful information so that you can go ahead and engage with an umbrella company with confidence.

Contractors – only use an accountant or umbrella company that is accredited by the FCSA

Accountant, Advice, Contractor, FCSA, Umbrella CompanyLeave a comment

There are more contractor accountants and umbrella companies than ever before. In fact, new companies seem to be entering the marketplace on a daily basis! As a result, choosing the right provider for your circumstances may be difficult, and you may be left scratching your head.
With so many to choose from, how can you be sure which one will offer you the best, most reliable service? It’s not an easy question to answer. Still, we do have some invaluable advice that should make the experience far easier for you – only choose an accountant or umbrella company that is accredited by the Freelancer & Contractor Services Association (FCSA). Keep reading, and we’ll explain why this is so important.

Useful tips to help you choose the best umbrella company for your payroll

Advice, Contractor, Umbrella CompanyLeave a comment

Umbrella companies have been around for years, but since the recent changes to off-payroll legislation (IR35), there has been a noticeable rise in the number of umbrella companies targeting UK temporary workers. With so many options, how do you know which umbrella company is best for your circumstances, and what should you be aware of when selecting one for your payroll?
HMRC is continuously stepping up their efforts in catching contractors engaging with non-compliant payroll services; choosing a compliant umbrella has never been so crucial. To help you make well-informed decisions, we’ve come up with eight useful tips to help you pick an umbrella company you can truly rely on.

Disguised remuneration schemes: HMRC is changing its angle of attack, and they may need your help

Advice, Contractor, Disguised Remuneration, Government, HMRC, Loan Schemes, Tax AvoidanceLeave a comment

In an unusual appeal, HMRC has asked for the assistance of organisations and workers in gathering evidence to help tackle unethical disguised remuneration schemes. More precisely, HMRC is looking for stakeholders to help them understand why people are continuing to engage with disguised remuneration schemes, how they can identify new schemes, and where they can take further action to close schemes and reclaim unpaid tax fairly.

Can personal service company (PSC) contractors benefit from the £1,000 Job Retention Bonus?

Advice, Contractor, Government, Limited CompanyLeave a comment

Since the Coronavirus Job Retention Scheme (CJRS) went live in March, over one million businesses have made a claim. As a result, over 9 million employees have been able to keep their job, as they have been placed on furloughed leave.
In July’s Summer Statement (8 July), Chancellor Rishi Sunak announced a series of packages “to support jobs in every part of the country, give businesses the confidence to retain and hire, and provide people with the tools they need to get better jobs.” One of these packages is the Job Retention Bonus.
More information on the Job Retention Bonus is scheduled to be available later in July. However, keep reading and find out what we already know about the Job Retention Bonus, and whether or not it could be useful for contractors operating through a personal service company (PSC).