What is self-billing? Contractor FAQs
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.
Say hello to Churchill Knight Rewards for umbrella clients
Are you a client of Churchill Knight Umbrella, or looking for an umbrella payroll service? If so, here’s another great reason to choose Churchill Knight Umbrella.
When should you leave your umbrella and go limited?
Using a PAYE umbrella service is a simple and efficient way to get paid as a self-employed worker. However, the time may come when it is in your best interest to say farewell to your umbrella company and become the director of your own limited company. This article will investigate when you should consider switching from an umbrella service to an umbrella company.
The importance of using a compliant payroll provider as a contractor
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.
What is an umbrella company? Contractor and Freelancer FAQs
Contracting via umbrella company is widely considered as being the easiest method for contractors and freelancers to get paid. There is less of an administrative burden than operating through a limited company and getting paid is a quick and efficient process. We are regularly asked about umbrella company payroll by contract and freelance workers. Here are the answers to the most common queries, including ‘what is an umbrella company?’
Can you claim expenses through an umbrella company?
Contractors working through umbrella companies were hit hard by changes in legislation concerning claiming expenses. Starting on the 6th April 2016, HMRC introduced legislation that significantly reduced the number of contractors able to claim tax relief on travel and subsistence expenses. In fact, umbrella workers are usually not considered for expense claims.
What are the benefits of working through an umbrella company?
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).
How does an umbrella company work?
Working through an umbrella company is the easiest way to operate as a contractor and once you have signed up, you will have a minimal amount of ongoing administration. However, do you know how an umbrella company actually works? Read our article to find out more about the processes involved when you sign up with an umbrella company.
Should you consider leaving your umbrella company in 2017?
2016 has been a challenging year for contractors using an umbrella company and 2017 does not look any friendlier. April signalled the end of Travel and Subsistence tax relief which has had a significant impact on thousands of contractors by reducing their take home pay. Should you consider leaving your umbrella company to have a more profitable 2017?
UCATT backed by the TUC in fight against umbrella companies
In construction industry news, UCATT is being backed by the general council of the Trades Union Congress (TUC) in the ongoing campaign advocating for the rights of construction workers.