umbrella Articles

We have scoured the document in-house at Umbrella.co.uk and can only find the below statement that relates to contractors and travel and subsistence.

“Employment intermediaries and tax relief for travel and subsistence – As confirmed at Summer Budget 2015, the government will legislate to restrict tax relief for travel and subsistence expenses for workers engaged through an employment intermediary, such as an umbrella company or a personal service company. Following consultation, relief will be restricted for individuals working through personal service companies where the intermediaries legislation applies. This change will take effect from 6 April 2016.”

https://www.gov.uk/government/publications/spending-review-and-autumn-statement-2015-documents/spending-review-and-autumn-statement-2015

Christmas is just around the corner and while limited company owners are all a bit old to be sending letters to Santa Claus, we thought we’d draw up a different wish list – one for the chancellor to read before his Autumn Statement.

1)     Reappraise the dividend tax changes  

From April 2016, changes to the rules governing dividend tax payments will make lots of limited company owners worse off.

The changes affecting limited companies will see the notional 10% tax credit on dividends abolished and replaced with a £5,000 tax free dividend allowance. Over this threshold, dividends could be taxed at a rate of up to 38.1% (for additional rate payers). 

marketing | 6 November 2015
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It's week 1 and some of the baby faced Umbrella bros are finding hair growth more challenging than others! The bros 'salute their most folically challenged friend Dan'.

"A 3 week head start and a touch of my Mum's mascara have got me in line with everyone else" Dan Bird. We've given him a helping hand in this week's photo.

Umbrella.co.uk's spooky fun raised over £300.00 for East Cheshire Hospice. Staff made such a tremendous effort dressing up and baking cakes, the Directors have generously doubled the fundraising total!

East Cheshire Hospice  is a haven of care and calm for people facing challenges at the end of their lives who live in the communities of Buxton, Congleton, High Legh, High Peak, Knutsford, Macclesfield, Poynton, Wilmslow and the villages and hamlets in between. 

Internet and telecoms company TalkTalk was the victim of a “significant and sustained” cyber-attack last week, which could have compromised the personal details and bank account information of thousands of their customers.

Police in Northern Ireland have arrested a 15-year-old boy in connection with the attack, which is just the latest in a string of cyber insecurities.

As more companies wake up to the dangers of cyber-crime the demand for skilled IT contractors is on the rise.  

marketing | 25 November 2015
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The Autumn Statement speech has now finished and there was no mention of contractors, freelancers, umbrella companies or personal service companies. 

Full text available at: https://www.gov.uk/government/speeches/chancellor-george-osbornes-spending-review-and-autumn-statement-2015-speech

The full Autumn Statement document is currently being analysed by our in-house tax experts to see if anything else would affect our industry.

marketing | 11 November 2015
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Each year at the eleventh hour of the eleventh day of the eleventh month, many British people observe a Two Minute Silence. Armistice Day on 11 November marks the end of the First World War and is a day to remember and honour those who have paid the price for our freedom. Today remembers not only those who fought not only in World Wars, but the more than 12,000 British Servicemen and women killed or injured since 1945.

Those Umbrella.co.uk staff that wish to,  will be observing the Two Minute Silence at 11am today. We hope that our customers and suppliers will understand that we will not be making or answering calls whilst we pay our respects.

marketing | 2 November 2015
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The Freelancer and Contractor Services Association (FCSA) has accused the government of valuing councillors over contractors, calling hypocrisy on government plans to provide travel-to-work tax relief to local councillors at the same time as talking of scrapping them for temporary workers.

At a time when the review into contractor travel and subsistence (T&S) tax-relief is ongoing, it has emerged that MPs want to award councillors a similar package of tax savings on their travel.

The government changes will exempt councillor travel expenses from income tax and National Insurance. This applies to journeys made between the councillor’s home and permanent workplace.  

Umbrella.co.uk staff got into the ‘spirit’ of Halloween today fundraising in aid of East Cheshire Hospice. Staff dressed up in their scariest costumes, sold spooky themed cakes, played Tombs of Doom and held a fancy dress and creepiest desk design competition.

Neil Armitage, Operations Director, said: “We are very proud of the commitment to fundraising shown by our employees. Their enthusiasm, creativity and generosity never fails to amaze me. There’s always something fun going on at umbrella.co.uk”.

Umbrella, the Cloud Accountants, are pleased to announce that we now have 18 accredited accountants for both FreeAgent and Xero Cloud Accounting Software products.

By giving a choice Umbrella are able to find a solution that satisfies most contractors & freelancers operating through their own limited company in the UK.

 In fact Umbrella Accountants LLP are one of the few accountants to offer more than one Cloud Accounting Service.

We are also able to help if you are already with a different provider i.e. Sage One, Quickbooks, ClearBooks etc.

Umbrella contractor accountants currently have in excess of 1,000 limited companies using one of their accounting services.

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