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.
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.
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.
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.
There are many reasons why you may decide you would like to switch umbrella companies. Please read our latest article as we outline why contractors make the switch, what you need to do to switch umbrella companies and what to look out for when choosing a new umbrella company.
With each new tax year, there are often changes to tax rates that could affect your take home pay. Continue reading as we outline the tax changes introduced for the 2022-23 tax year and how this will affect your take home pay when working through an umbrella company.
One of contractors’ most commonly asked questions when they receive their first payslip is “why am I paying the Apprenticeship Levy?”. Continue reading as we discuss what the Apprenticeship Levy is, who is pays the Levy and why it is displayed on your payslip.
As a result of workplace pension auto-enrolment, more and more contractors are saving towards a pension. One of the benefits of saving into a workplace pension is tax relief. The way it is given differs depending on the pension scheme you are enrolled into. Continue reading to discover how tax relief on your pension contributions works.
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.
