umbrella companies

We’ve got a list of articles covering everything you need to know about joining and using a contractor umbrella company.

Taking a closer look at the main parties’ manifestos

With just over two weeks until the general election, leading contractor accountant Kate Cottrell takes a look at the main parties’ manifestos, and in particular any promises for contractors and IR35.

Posted in ir35 rules, news, umbrella companiesComments (0)

Contractors cop the costs!

It was only a matter of time before HMRC launched an all out attack under the Managed Service Companies legislation – it would now seem that time is up! Some of the big providers have already fallen and the rest will soon come under fire.

Posted in tax avoidance, umbrella companiesComments (0)

Contractors sheltered from new disclosure opportunity

We are aware of HMRC plans to offer medical professionals a disclosure opportunity in respect of unpaid taxes. The Tax Health Plan will allow medical professionals the chance to disclose any arrears and settle them with interest and a ten per cent penalty.

Posted in PAYE, umbrella companiesComments (0)

An early Christmas present for umbrella company contractors

With Christmas just around the corner, it’s seems the Government have thrown themselves well and truly into the festive spirit. Umbrella company contractors will be pleased to hear that the new rates for maternity, paternity, and statutory adoption pay will rise from £123.06 per week to £124.88 from 4 April 2010.

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Worried about IR35 – but will an umbrella company shelter you from the tax man?!

At one point it seemed as though HMRC’s radar was focused solely on the Construction Industry, but now their gaze has fallen hard and fast on limited company contractors (yet again). In the last month Accountax have seen a 162 % increase in the number of IR35 enquiries instigated by HMRC.

Posted in ir35 contract review, ir35 insurance, ir35 rules, umbrella companiesComments (0)

Pre Budget Report 2009 – crystal ball set of predictions for contractors

With the PBR set for 9 December, it will be interesting to see what changes the Chancellor makes to help struggling contractors, operating either via their own limited company or through umbrella companies.

Posted in flat rate vat scheme, news, umbrella companies, VATComments (0)

How does an umbrella company dispensation affect me as a contractor?

The quick answer is that it doesn’t in the slightest and has no impact on your take-home. Any company that repays business expenses to its employees has to account for how that money is spent and how the associated VAT has been dealt with. The usual way to do this is via some kind of proof of purchase, usually in the form of a VAT receipt or payment slip.

Posted in contractor expenses, umbrella companiesComments (0)

As a contractor, why should I work through an umbrella company?

Umbrella companies have been around in one form or another for a while, but only really came to prominence with the advent of IR35 in 2000. The idea is that if, under IR35, you are going to be paying taxes at the same level as a permanent employee, why have the additional hassle of running your own company, or of being employed by the agency with the limitations on finding work that implies.

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10 questions a newbie contractor should ask an umbrella company

So having decided to go with an umbrella company, the next problem is to choose one. There are many to choose from and you need to do some research.

Posted in contractor business insurance, contractor expenses, umbrella companiesComments (0)

Contractor travel & subsistence expenses, HMRC, and a Ford Cortina

On Remembrance Day I had an appointment with senior officials of HMRC in Parliament St London – a stones throw from the Cenotaph. The meeting was concerning the coding of expenses incurred in travelling to temporary workplaces.

Posted in contractor expenses, umbrella companiesComments (0)

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