Before you register with an umbrella company, it’s a great idea to request a tailored take home pay illustration to get an idea about what your net take home pay will be after deductions. Continue reading to discover how umbrella company illustrations are formulated and why companies may be quoting you differently.
When you register with an umbrella company, your offer of employment is usually subject to you returning your signed Contract of Employment, proof of identity, your right to work in the UK, and a copy of your P45 (or HMRC’s New Starter Checklist). But why are these documents required? Continue reading to discover why umbrella companies will request these documents as part of the onboarding process.
The Low Incomes Tax Reform Group (LITRG) has recently released a report that spotlights umbrella companies. With changes to IR35 legislation increasing demand for payroll intermediaries, the report sets out to provide valuable information for contractors, freelancers and agency workers. We’ve summarised the report below, and it makes for some interesting reading.
If you’re thinking about starting a contracting career or are moving from a limited company to an umbrella company, we understand you’ll probably have a few queries about how umbrella companies work. Don’t worry – we’re here to help! We’ve summarised the main questions we get asked by contractors to help you decide whether an umbrella company is right for you.
Off-payroll in the private sector will be coming into effect in a matter of weeks (6th April 2021). It will mean that many contractors who currently work through their limited company can no longer determine their IR35 status. If you’re deemed inside IR35, you may find working through an umbrella company a beneficial option from now on.
With the IR35 reforms due to be implemented from April 2021, you may find you require an umbrella company for assignments inside IR35. Registering with an umbrella company may at first seem like a daunting experience. However, please do not worry – it’s actually very straightforward. Continue reading to discover how to register with an umbrella company.
Whether you are new to contracting or are a seasoned contractor, making the right decision for your payroll is essential. When answering the question “should I use an umbrella company?”, you need to take into consideration whether you are inside or outside IR35 legislation, and whether an umbrella company is the best option for you based on the assignments you want to work on.
To help combat the coronavirus’s rising impact, England has been placed in a national lockdown for the third time. From midnight on the 4th January 2021, many businesses were forced to shut, and thousands of workers were told to work from home. To minimise the impact this will have on the UK, the government announced several support packages to help people cope with upcoming financial pressures. However, while the packages have been received well, the FCSA has responded by asking Chancellor Rishi Sunak for more help specifically for the contingent workforce.
HMRC and the Advertising Standards Agency (ASA) have launched a joint initiative to control the use of misleading advertising which may tempt individuals into using a tax avoidance scheme. Keep reading to find out more.
