HMRC have issued the take-up rates for the Employment Allowance which would have saved qualifying businesses up to £2,000 in employers’ national insurance contributions during the tax year 2014/2015.
Editor | 5 May 2015
/ /Editor | 27 April 2015
/ / / /Business confidence amongst the UK’s construction leaders – and many other firms in between – remains tip-top according to the latest research from accountants and business insight providers BDO.
With an employment index rating of above 113.0, the growth indications for UK construction remains a long-term trend and beyond: employers intend to keep on hiring, because there is work to be done and more is on the way.
Umbrella.co.uk's Jessica Evans joined us to chat over the latest good news for UK construction contractors: “The continued recovery – in fact, resurgence – of the UK’s building industry has really fuelled this continuous feelgood factor around the sector.”
Editor | 23 April 2015
/ / / /Amongst all the good news and continued belief in the buoyancy of the UK’s economic performance, an elephant has been lurking somewhat awkwardly in the room: an acute lack of skills.
Rough estimates proffer that the Construction industry requires over 44,000 new entrants to the sector to keep pace with demand and to regenerate an ageing workforce. The UK also needs to be bringing thousands more engineers to the workplace than it is currently doing. To put it bluntly, there aren’t enough skilled personnel coming into the workplace across UK industry.
Editor | 17 April 2015
/ / / / /The LibDems have launched their election manifesto which highlights their proposed tax changes and spending plans should they gain power in the General Election.
Editor | 14 April 2015
/ / / / /Labour have launched their election manifesto which highlights their proposed tax changes and spending plans should they gain power in the General Election.
A search of the document did not highlight any specific changes relating to umbrella companies, contractors or IR35 but there is a promise to support small businesses which could be of benefit to contractors and freelancers who operate though their own limited companies:
Editor | 28 April 2015
/ / /The UK’s technology sector is often seen as a centerpiece to economic policy in this country. Over the last few weeks the General Election battleground has shifted and one topic has been replaced by another. However, UK Tech has remained a fairly constant refrain amongst the election hopefuls.
Editor | 24 April 2015
/ / /APSCo have enquired and received clarification from HMRC in respect of the confusion that surrounded the employment intermediary reporting requirements for agencies where an agency worker is working through an Umbrella Company.
They have also confirmed that payment information will not be required when this is the case.
The confusion arose because on the face it more than one category could apply when reporting where an agency worker has been paid not through an agency’s own PAYE scheme.
Editor | 22 April 2015
/ / /Business Entity Tests (BET’s) have previously been used in the Public Sector to assess whether a contractor working in the Public Sector is outside the scope of IR35 and hence can be paid through their own limited company.
Editor | 16 April 2015
/ / / / /All Umbrella Companies are Equal (AUCAE) have launched a survey so that contractors can have their say on any concerns they may have about the Government’s proposed changes to tax relief on travel and subsistence that were announced in Budget 2015.
The Government has announced it may restrict tax relief on travel and expenses for some contractors where they cannot demonstrate they have control, supervision or direction of their own work.
Editor | 10 April 2015
/ / / / /The buzz around the accountancy sector is all about small businesses and cloud accounting. Even KPMG one of the world’s largest accountancy firms has launched into the sector with their new offering called Enterprise.
But what is Cloud Accounting and how does it help?
