Contractor Articles

Christmas Plans: Don’t Forget Your Self-Assessment
marketing | 6 December 2018
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As Christmas draws closer, many contractors will be finalising their plans for the festive season.

You know who is in charge of wrapping presents, what time you’re going to travel to the in-laws and who’s cooking the turkey. But you shouldn’t forget about the tax return deadline in amongst all the merriment.

After all, you only have until 31 January to complete and pay your Self-Assessment.

Missed the First Loan Charge Settlement Deadline? Don’t Despair
marketing | 3 October 2018
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HMRC is targeting contractors that have participated in disguised remuneration ‘loan schemes,’ and time is running out to avoid an enormous tax bill next year. 

If affected contractors fail to make a settlement with HMRC by 5 April 2019, any outstanding ‘loan’ tax payments could be tacked onto their 2018/19 tax bill.

Unfortunately, the first settlement deadline has already passed. HMRC had instructed contractors to register their interest in settling and fill out relevant documentation before 30 September.

Alex Jennings Wins March Employee of the Month

"Alex Jennings, our Birmingham Born Baggies fan, leads the Umbrella.co.uk Payroll Team and has won Umbrella.co.uk March Employee of the Month.

Alex is a calming influence within Operations ensuring workers are paid on time and always goes the extra mile to resolve queries.

Congratulations to a very deserving winner!" Jonathon Biddle, Chief Operations Officer.

Watch out for this HMRC call scam
marketing | 10 March 2018
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HMRC is warning people to be on high alert after numerous reports that cold calling scammers are pretending to be the tax authority.

HMRC says that it has seen a sharp increase in the number of recorded message scams hitting people across the UK.

The scammers appear to be calling people randomly with an automated message which says that you are under HMRC investigation after failing to pay a tax bill. 

 

Umbrella.co.uk announces East Cheshire Hospice as nominated charity for 2018
marketing | 10 January 2018
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We are delighted to announce that we have chosen East Cheshire Hospice as our nominated charity for 2018. As a 500 Club Member Umbrella.co.uk are committed to raising as much money as possible for the hospice through staff fundraising events.

Although there are many worthy charities out there, Umbrella.co.uk is Wilmslow based and we prefer to support local charities in the community where we operate and many of our staff live.

East Cheshire Hospice provide compassionate care and support to many local families and we are proud to support their invaluable work.

What expenses can limited company contractors claim

If you contract through a limited company, there are certain expenses that you can claim against your income to reduce your tax liability.

If your limited company makes £50,000 and you claim back £10,000 in allowable expenses, the taxable profit will be £40,000.

There are some rules governing what expenses limited company contractors can claim.

Jack Ward - Employee of the Month June 2018 - Umbrella Accountants

Umbrella.co.uk is very pleased to announce that our employee of the month for June is Accountancy Support team member Jack Ward.

Jack joined Umbrella as an apprentice and has progressed into his current position showing great enthusiasm and aptitude.  He is consistently handling the most incoming telephone enquiries and has made himself invaluable to colleagues! 

Well done Jack, and keep up the good work!

Billy Barnett Wins Umbrella.co.uk February Employee of the Month

“Congratulations to Billy Barnett, a hard-working member of the Customer Services Team and the February Employee of the Month. Billy is extremely customer focussed and certainly a character within the office. We often have to discuss his work attire! Currently he’s soldiering on wearing one work shoe, one trainer and is blaming this on a ‘dodgy ankle’.  Well done Billy.” – Sarah Postlethwaite, Customer Services Manager

Start a contractor website on a shoestring
marketing | 5 February 2018
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Not all contractors need a website, but in certain industries it can strengthen your reputation and may help bring in new clients.

You have to be careful that costs don’t spiral out of control, however, and one way of doing that is to set yourself a shoestring budget to build your website on. Here are our top tips.  

Skills shortages in IT and construction increase contractor pay outs
marketing | 20 November 2017
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Skills shortages in the key industries of IT and construction are pushing up wages for contractors employed in these sectors.
 
CompTIA’s annual workforce survey of IT executives found that most were in a positive mood about the future, with 62% planning to increase investment in IT products and services.

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