umbrella Articles

FreeAgent’s highlights from the Accountex show
marketing | 24 May 2017
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Rise of the robots

FreeAgent’s CEO Ed Molyneux took to the stage to deliver his keynote speech ‘Rise of the Robots: Accountancy at the Crossroads’, which examined the future of the profession in an ever-changing technological environment.  

FreeAgent and NatWest have joined forces

FreeAgent were delighted to be joined by their new partners, NatWest at the conference.

CCO, Kevin McCallum, and Head of Business Banking at NatWest, Haydn Thomas, co-hosted a seminar on the new open banking legislation and what this means for the accountancy profession. They also took some time after the event to chat to AccountingWEB about financial technology for accountants - watch the video on FreeAgent’s website.

Have you tried the FreeAgent Mobile App?
marketing | 28 April 2017
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If you’ve tried it before and not got on with it or never installed it then now is a great time to pick it up for your smartphone and see the powerful list of features that you can control from a simple touchscreen.

With banking, tax notifications, time tracking and a slick new interface all added over the last two years since it’s launch the mobile app really does cram a lot of functionality into the App.

Tool: Check your IR35 status before April
marketing | 7 March 2017
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HMRC has launched a new tool designed to help contractors, and those that engage them, decide a worker’s IR35 status.

But with less than a month to go before a fundamental change in the way IR35 rules are applied, some experts have found cause for concern with the Employment Status Indicator tool.

A contractor’s IR35 status is all about whether the contract they are working on should be considered employed or self-employed for tax purposes. The Employment Status Service is supposed to give HMRC’s view of whether a contract is inside or outside IR35.

This will be of particular interest to limited company contractors working in the public sector because, from April, it will be the public sector organisations that decide on IR35 status instead of the individual. 

PPI Deadline: Only 1 in 5 PPI policies checked

At the same time as setting a final deadline for claims, The Financial Conduct Authority (FCA) has admitted that as few as one in five payment protection insurance (PPI) policies have been claimed for so far.

After 29 August 2019, consumers who were mis-sold PPI won’t be able to make a compliant, meaning they could miss the opportunity to claim back thousands of pounds of compensation.

The FCA revealed that only 13 million genuine PPI complaints had been made so far, while they estimate that up to 64 million PPI policies were sold between 1990 and 2010.

Although it is unclear how many of these policies were mis-sold, the 2019 deadline gives a very large number of complainants little over two years to make a claim.

April IR35 Changes. Now is the time for public sector contractors to act
marketing | 27 February 2017
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Changes are coming to Public Sector contracting in April 2017.

The key area which could affect your company in April will be the following;

Change
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.

Umbrella Accountants will be attending at Accountex 2017!
marketing | 10 May 2017
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Accountex combines a world-class conference and exhibition dedicated to Accountancy Professionals. Umbrella Accountants are despatching Ricky Patidar to catch up on all the latest technology at the exhibition at the Excel Centre in London

Exhibiting at the show will be Cloud Accounting specialists such as FreeAgent, Sage, Receipt Bank, Expensify and Xero. We’re always looking to discover how cutting edge cloud-based platforms can make a difference to our clients – the more automation available and the more accurate the information the more time our contractors can spend away from their accounts. 

Important changes in the new tax year

The new tax year is here and it has brought with it the usual soup of tax and regulatory changes. This year there are a number of important changes that will affect contractors, including new IR35 rules, changes to the flat rate VAT scheme and new income tax rates.

Some of the changes will be received positively – others, less so. Here we summarise the most important April changes for contractors. 

Winner of the 'Customer Services Survey' Chocolate Hamper
marketing | 6 March 2017
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Thank you to all our customers who participated in our customer services survey. Your feedback is important to us and will be used to make continuous improvements to our service.

All the participants were put in a hat and we are delighted to announce that Sarah is the winner of the chocolate hamper.

"I was really surprised and pleased when I heard I'd won the hamper. I think as a quality profession customer feedback is really important and it's nice to see that it's acted upon with Umbrella.co.uk. Thank you for all the help and support you provide." Sarah C

Congratulations to Stacey Moses who wins Umbrella.co.uk employee of the month

“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

Cloud based Todoist is a real life saver

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.

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