Umbrella Company Articles

How to close your limited company

Following changes to off-payroll working rules and the end of a 12-month ‘light-touch’ enforcement period, many contractors are finding it increasingly difficult to operate ‘outside IR35’ through a limited company.

Some contractors are now at risk of being permanently locked into high tax, low benefit ‘inside IR35’ arrangements.

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. 

Umbrella company cloning makes national headlines

The issue of umbrella company cloning has been covered by a national newspaper for the first time. It’s hoped the national news coverage could focus attention on an increasingly worrying issue and force Companies House and the government to act.

Earlier this week, The Mirror covered the ‘mass cloning’ of umbrella payroll companies and blamed Companies House for letting it happen.

New to contracting? Here’s 20 self-employment tips for 2022

Are you thinking about making the switch to work for yourself in 2022? You’re not alone. There are an estimated 4.3 million self-employed workers in the UK, but this is down from a peak of over five million at the start of 2020.

The pandemic has reduced self-employment, but numbers are starting to climb again.

Whether you are contracting through your own limited company or working through an umbrella company, working for yourself can be incredibly rewarding. It can help you do what you’re passionate about and gives you more freedom.  

But there are downsides to self-employment too. Many self-employed workers work long hours, have irregular income and need to spend time on some boring stuff like admin and taxes.

If you’re thinking about going it alone this year, these 20 tips will help you find balance, manage financially and look after yourself.

Sunak’s ‘Missed Opportunity’ to Police Rogue Umbrella Companies
marketing | 5 November 2021
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Chancellor Rishi Sunak has missed a chance to regulate umbrella companies after failing to mention it in his Autumn Budget.

The Freelancer and Contractor Services Association (FCSA), which represents compliant umbrella companies, expressed disappointment at the government’s silence on an important issue to protect temporary workers.  

IR35 is the biggest obstacle to hiring specialist talent in the UK
marketing | 26 April 2022
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A year after IR35 reforms were introduced in the UK, a new report suggests that the changes are restricting access to specialist contractors.

The report also found that the majority of contractors will only consider ‘outside IR35’ contracts, despite a glut of available ‘inside IR35’ contracts.

IR35 changes damage business growth, research finds
marketing | 12 April 2022
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One year after new IR35 rule changes were introduced in the private sector, research from the Association of Independent Professionals and the Self-Employed (IPSE) suggests they have harmed UK businesses.

Can inside-IR35 contractors work through a limited company in 2022?

Changes to off-payroll working rules (also known as IR35) came into effect in the private sector in April 2021. These rules mean that private sector clients judge a contractor’s IR35 status, rather than the contractor themselves.

Following a period of ‘light touch’ enforcement during the pandemic, HMRC is expected to enforce the new rules more rigorously in 2022. In the coming months, many companies may be revisiting contractor policies and IR35 judgements.

New tax avoidance risk tool for umbrella contractors
marketing | 25 November 2021
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HMRC has launched a new tool to help contractors assess whether thei

Five things you need to know before you become an umbrella worker
marketing | 9 August 2021
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Recent changes to IR35 (off-payroll working) legislation mean that many contractors are looking to set up with umbrella companies in the UK.

Although working through an umbrella company is much easier than running your own limited company, it can be confusing if you haven’t done it before. That’s why we’ve prepared this introductory guide with some of the most important things you need to know before you join an umbrella.

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