We hope you are staying safe in these testing times.
The Job Retention Scheme has been announced by the government to support those PAYE workers who have been laid off due to the coronavirus.
Unfortunately as a business we are restricted by the pace in which the government releases the detail. The Directors here at umbrella.co.uk are in talks with our employment lawyers continuously about the Job Retention Scheme as well as liaising with industry bodies like the FCSA & APSCo. See the latest response from the FCSA here.
Rest assured we are hoping to be in a position where those whose assignments are terminated due to Covid 19 are able to be furloughed. However, until we are comfortable with the detail we cannot provide you with confirmation.
Once we have the full detail from the government in terms of how furlough payments can be processed for umbrella employees, we will be back in touch with the information you need.
We hope you are staying safe in these testing times.
Most of Britain’s five million self-employed workers breathed a sigh of relief yesterday when the government announced that they would receive taxable grants to make up for lost income during the coronavirus pandemic.
Chancellor Rishi Sunak announced that freelancers and contractors would be able to claim up to 80% of their profits from the state if they could prove that they had been adversely affected. But the grants will be capped at £2,500 per month and not everyone will be able to claim them - including contractors that work through a limited company.
In this blog post, we include more details about the support package and who is eligible to receive it. There’s also some good news for limited company contractors that can’t claim the self-employed support.
Home online video workouts surge amid coronavirus self-isolation, social distancing and working from home.
If you’re feeling well then there are many good reasons for keeping up regular exercise. It will help reduce your stress, improve your mental health and increase your immunity.
Even the 1980s fitness guru Diana Moran, also known as the Green Goddess, is making a comeback to BBC Breakfast in a bid to help the over-70s stay active while they’re self-isolating. Another blast from the past, Mr Motivator and his neon workout gear, is doing his bit to keep the nation fit https://metro.co.uk/video/mr-motivator-wants-moving-self-isolation-21358...
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:
- Business partner relationship management
- New business consultation and registration
- Contracting with and onboarding of new clients
- Submission of timesheets and expenses
- 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
The coronavirus outbreak presents a special kind of business crisis for limited company contractors.
Many industries have already experienced a sharp contraction and analysts suggest that things are going to get worse before they get better. Thankfully, however, they’re also forecasting a relatively quick turnaround.
Businesses that were viable before the international pandemic will be viable again, limited company contractors just need to keep their personal service companies (PSCs) going for long enough to see the economy return to pre-crisis levels.
We would like to share some tips to help your business and your family keep going.
We are awaiting further information from government in relation to the Government’s planned job retention scheme / furloughing workers receiving 80% income.
We are hoping that the job retention scheme will be applicable to umbrella, but we do not actually know for certain at this stage.
The situation is changing on a daily basis and we will keep you informed of all developments that we are aware of.
Please find some useful information about Recruiters and the Coronavirus Job Retention Scheme here.
Nick Holmes, CEO.
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.
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.