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.
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.
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.
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 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.
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.
The Freelancer and Contractor Service Association (FCSA) has brought a new type of fraud to its members’ attention, targeting recruitment agencies. This blog summarises the new scam and explains how it works. If you represent a staffing agency and place temporary workers – you must read the following and ensure your business has precautions in place.
As an employer, umbrella companies are legally required to enrol their employees into a pension within three months. This blog will provide an overview of pensions with an umbrella company. There is the option to opt out of pension contributions, as we will explain.
Recent changes in legislation (off-payroll working rules) have seen a rise in demand for umbrella companies throughout the UK. However, if you’ve never used an umbrella company before, there can be a lot of information to digest. And, with over 500 umbrella companies to choose from – how do you know which one is best? Our latest article summarises 10 tips for workers new to umbrella companies, and we hope you find it helpful.
Umbrella Company UK has successfully passed our annual FCAS compliance review. Having undergone a series of assessments, we’ve successfully proven we remain fully compliant with HMRC rules and regulations, and we’re committed to providing our clients with a first-rate service. Please keep reading and find out more about our renewed FCSA accreditation.