Umbrella Company Articles

Offshore Umbrella Company

We’ve all heard this famous saying “If it’s too good to true, it probably is!” on the news recently in respect of Jimmy Carr and Take That members who have been paying considerably less tax (in percentage terms!) than the rest of us.

The number of insolvencies expected to affect UK companies is set to rise, according to analysts at bankruptcy-insolvency.co.uk, an established debt advice service. With more businesses failing to budget accordingly for HMRC liabilities, many SMEs (smal and medium sized enterprises) could be pushed over the edge.

Natwest Bankline system has been struggling over the last 2 days and is now making headline news. What does this mean for contractors?

In the Budget it was proposed that all "controlling persons" must be on the payroll of that orgainsation by law.

PayMatters Limited (Umbrella Company) and PayMatters Accountancy Services LLP (Provider of accountancy services to small owner managed limited companies) have successfully become APSCo affiliate members.

4Dm1n | 6 July 2012
/

At PayMatters we are always keen to interact with recruitment agencies that place temporary workers.

Natwest systems (bankline) are still down this morning meaning umbrella companies with a Natwest bank account are unable to access their bank statements to action what funds have been received from recruitment agencies to pay to their umbrella company employees.

PayMatters are now included on the Affiliate Members page of APSCo.

4Dm1n | 29 May 2012
/ / /

The HMRC have launched a new tax calculator.

If you are a contractor working through your own personal services limited company or employed through an umbrella company then it is important that if you missed the 31st January deadline for submitting your tax return (online) that you submit by the end of April.

Pages