“Congratulations to our Contracts Manager Stacey Moses who has won Umbrella.co.uk’s Employee of the Month for February. Stacey consistently goes above and beyond, volunteering to take on new tasks enthusiastically. Stacey has proactively grown her knowledge and gained experience of several functions of the business over the past two years. Well done Stacey” – Peter Langham, Customer Services Director
With the pace of life currently the way it is it can be difficult to stay on top of everything at any one point in time. As a contractor you’ve also got bills to pay, forms to file, returns to authorise and money to chase. We have found that the on-line cloud based to-do list todoist is a real life saver when it comes to helping you out.
FreeAgent continues to update its mobile app to bring the functionality more in line with the browser edition.
December brought some new features to the Mobile App, many of which may be of use to our clients;
The ever-popular Tax Timeline has been included within the App with the option to turn on notifications. This can help you to make sure you don’t miss any important VAT or Corporation Tax payments. Umbrella Accountants will continue to confirm how much is due and when but it acts as a good aide memoire in today’s busy work environment.
After the board of directors of the group had finished voting Allison emerged as the clear winner for the prestigious award. Her Job Title of Finance Manager does little to describe the amount of and variety of work that Allison manages to take on during any particular week.
Operations Director Neil Armitage said “She has been with the company for 7 years and knows the systems and the people inside out. There’s certainly not a single day goes past without most of us seeking out Allison’s advice on any number of matters from staff payroll to insurance through to HR. She is a very deserving recipient of the award and the board are pleased to be able to recognise her contribution to our success”
Representatives from Umbrella Accountants will be joining other accountancy professionals from across the country at the FreeAgent Premium Partner Summit in February.
We have attended the summit for the last two years and found it informative and a chance to provide feedback to the team at FreeAgent regarding future developments. It’s also a chance to meet other accountants in the same industry and exchange ideas and solutions which we have also found extremely useful.
If any clients have any suggestions for FreeAgent for future development or improvements then we encourage you to email email@example.com and we will put them to the team while we are there.
Changes are coming to Public Sector contracting in April 2017.
The key area which could affect your company in April will be the following;
From 1st April this year many Limited Company Contractors working on a contract for a Public Sector institution will be classed as “Inside IR35” which means that the income from that contract will be taxed as if it was employment income. This can drastically increase the tax burden on the company.
Nick Holmes, Umbrella.co.uk CEO, presented Jen Hughes, Regional Fundraiser, and the Wish Bear a cheque at our Wilmslow head office.
"Thank you so much to all the staff at Umbrella.co.uk. The money you have raised will help to grant a magical wish for a very deserving child and will give their family memories to last a lifetime." Jen Hughes
“Umbrella.co.uk are proud to continue to support When You Wish Upon a Star during 2017. We are looking forward to some fun fundraising activities including the Wilmslow Triathlon, dress down days and an office Lego Fire Walk. I’d like to take this opportunity to thank all the team at Umbrella.co.uk for their generosity and enthusiasm.” Nicholas Holmes, CEO.
As you may already be aware the Autumn Statement delivered a number of measures which effect the contracting sector including changes to IR35 and the VAT Flat Rate Scheme. The government has published a new policy document detailing the changes to IR35 and off-payroll working rules for public sector workers. View document here.
PSC or “Limited Company” Contractors operating in the public sector will no longer get a say on whether or not the IR35 ‘intermediaries’ legislation’ applies to them. Consequently if they chose to continue being paid via their limited company, the contractor’s intermediary (Agency / Public sector body) will have to agree to deduct the appropriate TAX and National insurance as the ‘fee payer’.
The dawn of the New Year took on a somewhat bum note for business drivers and other motorists thanks to a double whammy of cost increases to swallow, with a headline from the BBC1 reporting that ‘fuel prices hit 18-month high after OPEC production cuts’ and ITV News stating ‘drivers face most expensive petrol prices in two years’. The 24% jump in the price of oil seen from mid-November to the end of December contributed to petrol and diesel prices increasing by over 3p per litre during the festive month.
Triple congratulations are due to Adam Connell. Not only did he make history in November by becoming the first to win Umbrella’s prestigious Employee of the Month award twice, but he also picked up the company’s annual Customer Relationship Excellence award, and is celebrating promotion to Senior Account Manager!
All good things come in threes!
Well done Adam! Well deserved!