Contractors Articles

IR35 Reforms Delayed for One Year
marketing | 18 March 2020
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The government has announced that changes to IR35 rules in the private sector will be pushed back by one year, due to disruption caused by the coronavirus.

 

Bittersweet Budget for Struggling Contractors

Contractors praying for a delay to IR35 changes in the private sector will be disappointed by the Chancellor’s budget statement yesterday, but there were several positives that we can take away as well.

 

Stephen Holt Wins Umbrella.co.uk December Employee of the Month
marketing | 14 January 2020
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We are delighted to announce that Stephen Holt, Payroll Assistant, has won December Umbrella.co.uk Employee of the Month.

“Stephen always goes the extra mile to help agencies and our internal teams, ensuring contractors get paid correctly and on time. A crucial team player who’s enthusiasm and positive attitude shines through every day.

Congratulations Stephen for your double December win…Employee of the Month and got engaged! Well done and keep up the good work.” Jon Biddle, Director.

Congratulations to Sarah McClean on winning the Umbrella Group Employee of the Month Award
marketing | 6 November 2019
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We are delighted to announce that Sarah McClean, Insolvency Administrator, has won the Umbrella Group October Employee of the Month Award!

“Since starting with the firm in June 2017, Sarah has always demonstrated a strong work ethic and is a dependable member of the team always prepared to go the “extra mile” for the customer, whatever the scenario. Well done Sarah, a well-deserved award!” Tom Fox, Head of Umbrella Insolvency.

marketing | 17 September 2019
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The controversial loan charge, which affects contractors who participated in ‘disguised remuneration’ schemes, could be scrapped after Chancellor Sajid Javid commissioned an official review into the tax.

The new review will conclude by mid-November to give taxpayers certainty ahead of the January Self Assessment deadline. It will be led by Amyas Morse, the former chief executive of the National Audit Office.

Business Continuity Update from Customer Service - COVID-19

Umbrella.co.uk have of course been putting together comprehensive plans to ensure that we are fully prepared for whatever the next few months brings.  

The planning has considered all key parts of our business.  We consider these to be:

  1. ​Business partner relationship management
  2. New business consultation and registration
  3. Contracting with and onboarding of new clients
  4. Submission of timesheets and expenses
  5. Payroll
  6. Customer service

We obviously hope that the situation is unlikely and will not occur but, should the worst happen and significant numbers of staff are unable to attend the office, we are 100% confident that we will be able to maintain all the above processes with minimal disruption.

  • We have identified key staff who will manage business critical activity in all areas.  We will adapt to any given circumstances and flexibility exists for the key staff to either work from the office or from home with equal efficiency.
  • We are confident that we would not lose any capability to support and pay our contractor employees.  Our confidence is borne from the fact that all of our major softwares which are intrinsic to processes are web-based and can therefore be accessed from anywhere.  Those that sit on our internal servers would be available via VPN connections.  Our external IT administrators have provided sufficient hardware capacity for multiple staff to be accessing the servers via VPN simultaneously.  Mobile equipment for staff remote working is already in place and tested. 
  • Our telephone system is also web-based and all key staff will have access to it via their mobile phones using a SWiP app.  This means that inbound calls can be taken on staff mobiles wherever they are, without the caller even being aware that the call has been re-routed.  Routing calls through our server also allows us to maintain our practice of recording all in and outbound calls.

"Please be assured that we are confident of maintaining ‘business as usual’ as best we can.  We are not however complacent and will continue to monitor developments to ensure we can react quickly.  Please feel free to contact us if you have any questions" - Nick Holmes, CEO

How Brexit will Affect Contractors Working in the EU
marketing | 6 February 2020
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Britain officially left the European Union on January 31st, but a transition period remains in place until the end of December 2020.

During this transition period, British people can continue to live and work in the EU without restriction.

How to Close Your PSC if You’re Affected by the Banking Contractor Ban
marketing | 20 November 2019
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Some of the nation’s largest banks are forcing personal service company (PSC) contractors to go on the payroll, a move that will leave many with dormant limited companies. Here’s how you could close your PSC in a tax efficient manner if you’re affected by the banking sector contractor ban.

Under reforms to off-payroll working legislation, large organisations will be made responsible for judging a PSC contractor’s IR35 status from 6th April 2020.

Happy Halloween from all the team at Umbrella.co.uk.
marketing | 31 October 2019
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Happy Halloween from all the team at Umbrella.co.uk.

We’ve all been embracing Halloween in the office today whilst fundraising for Mind, our charity of the month.

 

GSK Confusion is Just ‘Taste of Things to Come’
marketing | 4 September 2019
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A sense of panic and alarm spread rapidly through the wider contracting community when HMRC sent IR35 letters to more than a thousand GlaxoSmithKline (GSK) freelancers and contractors last week. But this is just a ‘taste of things to come’ when IR35 changes are extended to the private sector in April 2020, according to a contractor interest group.

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