Updated IR35 rules for public sector contractors
Editor | 17 July 2017
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HM Revenue and Customs (HMRC) has released more information about the rules governing off-payroll contractors in the public sector.

HMRC updated its guidance on the rules, which have been in effect since April.

The updated guidance clarifies some sticking points that have confused contractors for months.

Since 6 April 2017, responsibility for determining IR35 status has passed from public sector contractors, operating through an intermediary, to the public sector body engaging the contractor.

Although the fundamental rules are the same, the April change is seismic in terms of how the rules are applied. 

taylor review, umbrella, Theresa May, employment rights, contracting, worker's rights, self-employment,

The review was commissioned last year by Theresa May to investigate modern employment practices after reports of some workers earning as little as £2.50 an hour through self-employment, which affords none of the protections than a normal employee receives.

In order to reduce costs in competitive marketplaces many companies have taken on workers but classed them as “self-employed” meaning they save money on national insurance and the worker is put at a disadvantage by missing out on a number of standard employment rights.

The current system of taking an “employer” to a tribunal to prove that they are in fact an employer and should be treating their employees with a more significant duty of care is both costly and time consuming. It is unlikely many workers will want to bite the hand that feeds it so they are trapped in a situation that means longer hours for less pay.

The chaotic introduction of the new IR35 rules
Editor | 16 June 2017
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The controversial changes to IR35 legislation, which affect contractors working in the public sector, have been in place for more than two months now. Already it is clear that the new tax policy has had a number of unintended consequences that have made life more difficult for contractors and the public sector organisations that want to employ them.

Umbrella.co.uk celebrating national freelancers day 2017

Today is all about recognising the hard work and dedication that goes into operating as a freelance worker, and helping those workers be fully aware of how to manage their business as effectively and smoothly as possible.

Umbrella Accountants will be attending at Accountex 2017!

Accountex combines a world-class conference and exhibition dedicated to Accountancy Professionals. Umbrella Accountants are despatching Ricky Patidar to catch up on all the latest technology at the exhibition at the Excel Centre in London

Exhibiting at the show will be Cloud Accounting specialists such as FreeAgent, Sage, Receipt Bank, Expensify and Xero. We’re always looking to discover how cutting edge cloud-based platforms can make a difference to our clients – the more automation available and the more accurate the information the more time our contractors can spend away from their accounts. 

With FreeAgent Mobile you can nail the daily admin tasks when you’re out and about, and we’re pleased to report they have just made it even simpler with the rollout of support for bills and estimates. You can find ‘Bills’ in the Money Out area of the app where you can now view, create and manage the incurred costs you haven’t paid yet. If you’re unsure about when to use the bill section then why not have a look at FreeAgent’s article on bills, expenses & bank payments. It’s clear and concise and should hel

With FreeAgent Mobile you can nail the daily admin tasks when you’re out and about, and we’re pleased to report they have just made it even simpler with the rollout of support for bills and estimates.

You can find ‘Bills’ in the Money Out area of the app where you can now view, create and manage the incurred costs you haven’t paid yet.

If you’re unsure about when to use the bill  section then why not have a look at FreeAgent’s article on  bills, expenses & bank payments. It’s clear and concise and should help.

If you are in front of a possible new client and they need an estimate to seal the job then this will be ideal for you.

FreeAgent Partner Meeting,Umbrella,Accountants,Contractor Accountants,Contractor

On the 5th July our Operations Director, Neil Armitage, will be attending the Strategic FreeAgent Partnership Meeting up at FreeAgent Headquarters up in Edinburgh.  

We’ve attended every partner summit so far and taken part in the self-employed tax summit.

Our partnership with FreeAgent is important to us as a practice as it’s the leading cloud platform for contractor accountancy which means we can be part of steering the direction FreeAgent travels so that we can provide even greater levels of service and portal usability to clients. We will report back after the meeting on developments that will affect our clients.

FreeAgent income soars by 41%

Cloud accounting software provider FreeAgent have seen their  income soar by 41% to £8m for the year to the end of March.

As Umbrella Accountant’s provider of choice for contractors and freelancers FreeAgent reported a net loss of £2.9m for the same period, including share-based payment expense of £0.8m, as the group continued to invest in scaling its business (2016: £1.3m).

FreeAgent’s highlights from the Accountex show
Editor | 24 May 2017
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Rise of the robots

FreeAgent’s CEO Ed Molyneux took to the stage to deliver his keynote speech ‘Rise of the Robots: Accountancy at the Crossroads’, which examined the future of the profession in an ever-changing technological environment.  

FreeAgent and NatWest have joined forces

FreeAgent were delighted to be joined by their new partners, NatWest at the conference.

CCO, Kevin McCallum, and Head of Business Banking at NatWest, Haydn Thomas, co-hosted a seminar on the new open banking legislation and what this means for the accountancy profession. They also took some time after the event to chat to AccountingWEB about financial technology for accountants - watch the video on FreeAgent’s website.

Hermes newest target in employment status debate

Courier company Hermes is the latest target in a long-running debate around employment status that has previously engulfed Uber and Deliveroo.

HMRC has reportedly stepped up its investigation into Hermes, which classifies it couriers as self-employed even though their working patterns don’t reflect this.

Separately, the GMB trade union has brought an employment rights lawsuit against the company vowing to fight against ‘bogus self-employment’ and the ‘gig economy’. 

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