Umbrella companies and IR35: everything you need to know
As a contractor, one of the most important pieces of legislation that will affect you is IR35. Our latest article provides everything you need to know about umbrella companies and IR35.
How to tell if your umbrella company is compliant
Navigating and understanding the compliance of umbrella companies can be daunting for contractors, but it’s essential to avoid falling into the trap of operating through a non-compliant provider. Our latest article provides valuable information about how to determine if your umbrella company is compliant.
Top tips to boost your pension savings before the end of the 2023/24 tax year
The 2023/24 tax year ends on the 5th of April 2024 and now is the perfect time to make sure you are making the most of your pension. We’ve compiled a list of top tips to help you boost your pension savings before the end of the 2023/24 tax year.
How does a week 53 payment affect umbrella company employees?
Contractors paid weekly, fortnightly or every four weeks and whose final payday for the 2023/24 tax year falls on Thursday the 4th of April 2024 or Friday the 5th of April 2024, may be affected by the week 53 payment.
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.
IR35 Off-Payroll working rules to be repealed from April 2023
As part of the Growth Plan 2022, the government confirmed that the reforms to the IR35 off-payroll working rules will be abolished from the 6th of April 2023.
Mini-Budget: IR35 reforms repealed and the Chancellor’s other key announcements
Chancellor Kwasi Kwarteng announced during the mini-budget delivered on the 23rd of September 2022 that the government will repeal the 2017 and 2021 off-payroll reforms. Continue reading to discover what this means for contractors and the other critical announcements unveiled during the mini-budget.
Continuity of Employment: What does this mean for umbrella employees?
When you register with an umbrella company, you become an employee of theirs and can benefit from continuity of employment. Please continue reading to discover what continuity of employment is and what it means for umbrella company employees.