Umbrella Accountants are working with SFP Corporate Solutions Limited (SFP), as a preferred business partner, to provide a cost effective solution where shareholders are looking to close down their company and extract funds utilising Entrepreneurs Relief.

 

The SFP Group are a multi award winning mid-tier insolvency practise. SFP work with a significant number of accountants across the UK and are fast becoming a leading name in the MVL market.

 

The partnership provides a value added service that may be relevant to a significant number of Umbrella Accountants clients.    

The UK has long been different in some respects. Take property, for example. While swathes of continental Europeans and indeed Americans have for decades happily rented their properties, our homes very much remain our castles. It’s a similar story when it comes to cars, with over a quarter of motorists in the States leasing their vehicles.

“The UK is now fast cottoning on to why car leasing is often the financially savvy option, though”, comments Lee Wolstenholme, Director of Manchester-based Vehicle Consulting, a broker with over 12 years’ experience. “Cars depreciate the minute they are driven off forecourts, so taking out a traditional loan to buy a new vehicle typically leaves motorists with a car or van that has lost value considerably after a few years. Leasing, on the other hand, means you can simply hand the keys back at the end of the contract and the vehicle’s value isn’t yours to worry about”, Lee goes on to explain.

A recent European Court of Justice (ECJ) ruling will have some important consequences for European employment law - specifically for contractors under the Working Time Directive (WTD).

Last week, the ECJ ruled that a group of Spanish workers with no ‘fixed or habitual’ workplace should have their time travelling to and from their first and last appointments counted against the 48 hour maximum working week.

The case involved a team of burglar alarm technicians who sometimes spent three hours travelling home at the end of their working day.

The European court ruled that these contractors should receive remuneration for the time they spent travelling to and from work, because they are at their ‘employer’s disposal’, carrying out their activities and duties ‘in accordance with national laws and/or practices’.

To keep contractors up to speed on their entitlements under European law, we’ve explained three of the most important details of the ECJ ruling: 

Contractors can save an average of £1,000 per year on their shopping bills and benefit from hundreds of pounds worth of other rewards as part of the new Umbrella Max and Accounts Max schemes, provided by Wilmslow-based contractor financial services specialist Umbrella.co.uk.
 
 
Editor | 24 September 2015
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Earlier this week Chancellor George Osborne announced that the first purely Conservative Autumn Statement will take place on November 25th 2015.

The Autumn Statement has, in accountancy circles, grown to become a sort of ‘mini-Budget’. However, a lot of the announcements we’re expecting in this November’s statement are continuations and extensions of changes put forward as part of the Summer Budget.

With a little over two months to go until the next budget announcement we’ve put together a preview, analysing how some predicted changes could affect contractors in the UK. 

Editor | 21 September 2015
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Umbrella.co.uk were delighted to support Jeans for Genes day, which took place on Friday 18th September 2015. From double denim and bootcut to skinny and flared, staff made a denim statement at their Wilmslow head office. 

Editor | 15 September 2015
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A new national minimum Wage (NMW) comes into force for employees from 1st October 2015.

The main adult rate (21 and over) will increase from £6.50 per hour to £6.70 per hour.

18-20 year olds will increase from £5.13 to £5.30/hr.

16-17 year olds will increase from £3.79 to £3.87/hr.

The apprentice rate has the biggest rise going from to £2.73 to £3.30/hr.

The new Living Wage doesn’t come into effect until April 2016 for workers aged over 25 and will see a rise to the minimum pay rate to £7.20 per hr.

A large proportion of UK individuals will at some point experience debt problems. Levels of debt can easily get out of hand or changes in circumstances, such as an unexpected drop in income, can make previously affordable debts unmanageable.