Churchill Knight Umbrella is delighted to announce our new partnership with international payroll specialists Access Financial. Our new relationship means we now provide market-leading support for agencies placing candidates internationally. We ensure all parties comply with local payroll laws and legislation, removing the risks and providing complete peace of mind.
Having been delayed for 12 months in response to the coronavirus pandemic, changes to off-payroll in the private sector (IR35) will be coming into effect in April 2021. This doesn’t mean the end of contracting through a limited company in the private sector. However, it does mean that contractors with a personal service company (PSC) will no longer be able to determine their IR35 status. Instead, it’ll become the end-clients responsibility (if they’re classified as a medium or large sized organisation). Keep reading and find out more about how the upcoming changes to off-payroll in the private sector (IR35) will impact limited company contractors.
The coronavirus pandemic has put monumental stress on key workers in the UK, including NHS staff, carers and emergency workers. To show their appreciation, businesses have been offering key workers special discounts and offers. However, HMRC has been made aware of multiple tax avoidance schemes that have been targeting key workers (especially NHS) and trying to mislead them into avoiding their legal tax responsibilities.
Before you register with an umbrella company, you may decide to get a few illustrations to compare your net take home. Despite providing the same day rate for the calculations, your monthly illustrations are showing different take home pay figures. Our blog explains why umbrella companies may be quoting you differently.
A tax avoidance scheme is a system that is set up to increase take home pay by avoiding tax, whether that be via offshore loan schemes, trusts, or job boards. HMRC is cracking down on these schemes more than ever and targeting contractors for unpaid tax.
If you’re a medical or health professional, such as a nurse, who is staffed by a recruitment agency, you should be aware of VAT concessions.
Moving from sole trader to limited company is a big decision, but it could have many benefits for your business. If you’ve operated as a sole trader up until now, here’s a how-to guide to starting a limited company.
Self-billing is a common practice for recruitment agencies who deal with contractors and freelancers. If you are on a self-billing arrangement for your contract, here is what you should know.
As a freelancer or contractor, it is likely you will set up your own limited company or work through a PAYE umbrella company. However, with so many providers of payroll services available, how do you know which one to use? Whatever your decision, make sure the company you use to take care of your payroll is reputable and compliant, or the repercussions could be devastating.
With changes to off-payroll legislation (IR35) that have come into place in the public sector, and soon the private sector, demand for umbrella companies has drastically increased. Umbrella company payroll is an alternative payroll option to agency PAYE, and is a popular choice for contractors who can no longer work through a PSC (Personal Service Company).
