Tax and Pension changes to look out for in 2024
With 2024 just around the corner, we decided to collate some of the tax and pension changes coming in the new year.
Autumn Statement 2023: What were the Chancellors’ key announcements?
The Chancellor of the Exchequer, Jeremy Hunt, presented his Autumn Statement to The House of Commons today (Wednesday the 22nd of November 2023). Our latest article highlights the key announcements made in the Autumn Statement.
The government announces changes to Holiday Pay for irregular-hours workers
The government has recently published its much-anticipated response to the key employment law consultations conducted earlier this year. As part of the announcements, the government will reform holiday pay for irregular and part-year workers and introduce rolled-up holiday pay.
What should be included in an umbrella company payslip?
When you use an umbrella company, you’ll receive a payslip every time you are paid, outlining the deductions made to your assignment rate, including tax and National Insurance Contributions. This article provides a detailed overview of all the deductions you may see on your payslip, including what they are, why they occur and how much they are likely to be.
Helpful tips for contractors looking for the best umbrella company
The umbrella company marketplace is saturated. Hundreds of payroll providers in the UK boast that they provide the best quality service for contractors and freelancers. However, with so many to choose from, how do you genuinely know which umbrella company is the best and which providers should be avoided at all costs? In this article, we provide some helpful tips to help you pick a dependable and ethical umbrella company for your payroll – to ensure you’re paid compliantly with HMRC’s rules and regulations.
A Comprehensive Guide to Umbrella Company Expenses
Getting to grips with the financial ins and outs of working with umbrella companies can be challenging. This guide aims to make it easier for you, providing a clear but detailed rundown of the essential factors at play. We’ll guide you through how the rules for deductible expenses have evolved, starting with crucial shifts caused by tax laws introduced in April 2016.
Switching umbrella company – is it worth it and is it easy?
There are hundreds of umbrella companies in the UK. While choosing one sounds daunting, due to the competition, there are plenty of reliable and compliant providers out there. If you are currently using an umbrella for your payroll and are not satisfied with the level of service you’re receiving, you should consider switching to a new provider immediately. While changing umbrella companies is a little time-consuming, you’ll immediately reap the rewards, and the processes involved are straightforward. This article explains how to switch umbrella companies and when you should consider waving goodbye to your existing, sub-standard umbrella and joining a new one.
What are the benefits of using an umbrella company for contracts inside IR35?
The contracting world is replete with options and opportunities but also has its share of complexities and challenges. One such challenge is the tax legislation commonly known as IR35. It is a set of rules that determine whether a contractor should be taxed in the same manner as a permanent employee or as a self-employed individual. In this article, we will look at what IR35 tax legislation is and how an umbrella company can benefit contractors inside IR35.
Umbrella Company UK joins elite circle of Certified SafeRec Umbrella Companies
Umbrella Company UK is delighted to announce that we have become a Certified SafeRec Umbrella Company. SafeRec is transforming compliance within the contractor payroll supply chain, and by becoming SafeRec certified, all our employees have access to real-time payslip audits – providing a level of transparency and compliance which, until now, has not been achievable within the industry. Please keep reading for more information about SafeRec and the many benefits available to all Umbrella Company UK employees.
The FCSA renew Umbrella Company UK’s accreditation for another year
Umbrella Company UK is proud to have passed the FCSA’s annual audit. Our membership has been renewed for another year after proving we maintain the highest compliance standards and continue to adhere to the FCSA’s strict Codes of Compliance. Keep reading for more information.