“Congratulations to Billy Barnett, a hard-working member of the Customer Services Team and the February Employee of the Month. Billy is extremely customer focussed and certainly a character within the office. We often have to discuss his work attire! Currently he’s soldiering on wearing one work shoe, one trainer and is blaming this on a ‘dodgy ankle’. Well done Billy.” – Sarah Postlethwaite, Customer Services Manager
HMRC is warning people to be on high alert after numerous reports that cold calling scammers are pretending to be the tax authority.
HMRC says that it has seen a sharp increase in the number of recorded message scams hitting people across the UK.
The scammers appear to be calling people randomly with an automated message which says that you are under HMRC investigation after failing to pay a tax bill.
Not all contractors need a website, but in certain industries it can strengthen your reputation and may help bring in new clients.
You have to be careful that costs don’t spiral out of control, however, and one way of doing that is to set yourself a shoestring budget to build your website on. Here are our top tips.
The taxman has come under pressure from MPs and contracting organisations after it was revealed that HMRC doesn’t include time spent listening to automated messages in their official ‘waiting time’ figures.
January is a busy month for contractors. Many have a back-log of Christmas work and now have less than 2 weeks left to file any outstanding self-assessment tax returns.
We are delighted to announce that we have chosen East Cheshire Hospice as our nominated charity for 2018. As a 500 Club Member Umbrella.co.uk are committed to raising as much money as possible for the hospice through staff fundraising events.
Although there are many worthy charities out there, Umbrella.co.uk is Wilmslow based and we prefer to support local charities in the community where we operate and many of our staff live.
East Cheshire Hospice provide compassionate care and support to many local families and we are proud to support their invaluable work.
A cut in dividend allowance will cost some contractors more than £1,000 per year when it takes effect from April.
The allowance on dividends will be cut from £5,000 to £2,000 as the chancellor continues his raid on self-employed finances.
This means that individuals will not pay taxes on the first £2,000 of dividend income, regardless of what non-dividend income they have.
HMRC won its first IR35 ruling in seven years, as former BBC presenter Christa Ackroyd lost an appeal covering tax years between 2006/07 and 2012/2013.
In Christa Ackroyd Media (CAM) Ltd vs. Revenue & Customs, HMRC successfully argued that the ‘Look North’ presenter owed more than £400,000 in income tax and National Insurance Contributions.
The win is significant for HMRC because it is the first in a string of IR35 appeals against BBC personalities.
The self-assessment deadline is less than a week away on January 31.
There are troubling signals for contractors in the construction industry as Carillion is forced into liquidation and sector output dips dramatically.
Contributing £90 billion to the economy each year, the construction sector is one of the largest in the UK. It is highly reliant on self-employed workers, with 800,000 of the 2.9 million people working in construction self-employed.
Carillion, the second largest construction company in the UK, went into liquidation on Monday after the company’s banks refused to lend it more money.
For many contractors, the Christmas break finished as quickly as it started. A whirlwind few days of stressed-out travelling and mince pie gorging is all that your average contractor can expect before its back to work.
But the New Year period does offer some space for quiet reflection.
Many contractors will have set New Year’s Resolutions and many of these will have centred on money.