self employed Articles

Two-in-five Brits going freelance

New research from the Association of Independent Professionals and the Self-Employed (IPSE) has revealed that almost 40% of British workers have considered becoming a freelancer.

Employees working in media, marketing, PR and sales were most likely to say they wanted to go freelance (57%), with construction a close second (47%). The figures also showed that men were more likely to go self-employed than women.

When asked about the motivation for a switch, the main responses were about flexibility and better work-life balance. Interestingly, only a third of employees said they thought they would earn more if they went it alone.

Rishi Sunak announces new measures to boost self-employed
marketing | 24 September 2020
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The Chancellor Rishi Sunak has unveiled a package of measures designed to support the economy, limit redundancies, and support small businesses and the self-employed during the ongoing coronavirus

Umbrella.co.uk youngsters have been displaying rainbows in the windows of their homes during the coronavirus outbreak.

Are you wondering why there are rainbows popping up in windows around your local area too?

With social distancing and restrictions due to coronavirus, children are connecting with each other by creating colourful rainbows and displaying them in their windows for passers-by to see and to spread hope and cheer.

It is thought this rainbow display trend began in Italy, but has quickly caught on in other countries.

A New Contractor’s Guide to Getting Paid in 2019
marketing | 26 November 2018
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Is your New Year’s Resolution to start working for yourself? You aren’t alone.

January is one of the busiest times for new company registrations as skilled workers target the money and freedom that can come with contracting.

But setting up isn’t easy. There are a lot of things to think about and if you plan your contracting journey properly now, you can save yourself several headaches down the way.

On 3rd March 2015 the Office of Tax Simplification (OTS) issued its report headed “Employment Status Report”. The aim of the report was to tackle the complexities in deciding whether a person was employed or self-employed for tax purposes and the issues on employment rights particularly for the low paid.

Self-employed workers vulnerable to financial shocks
marketing | 21 April 2022
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New research shows that many self-employed workers are highly vulnerable to financial shocks.

A survey of more than 2,000 self-employed workers in the UK found that many don’t have a reliable source of income or a safety net in case something goes wrong. 

Limited company contractors: How to keep your PSC going through this crisis

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.

Support package announced for self-employed, but it won’t help everyone

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.

HMRC has been forced to issue revised guidance to contractors engaged through employment intermediaries after it made a drafting error in the travel and subsistence rules. 

Why Introduced:

So HMRC can tackle Employment Intermediaries that use false self-employment and offshore locations to reduce taxes and avoid employment rights.

HMRC want to know amounts paid to workers supplied by the Employment Intermediary where PAYE has not been deducted.

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