Umbrella.co.uk has been getting into the spirit of the festive season with a desk decorating competition.
payroll Articles
Business groups have called on the Chancellor Rishi Sunak to delay a planned increase to National Insurance amid rising prices and a slowdown in recruitment activity.
Make UK, which represents 20,000 manufacturing firms in the UK, called the £12bn tax boost ‘illogical and ill-timed’. They argued that April’s 1.25 percentage point increase to the tax on employees and employers should wait until the economy is on a firmer footing.
Nick Holmes, CEO at Umbrella.co.uk, said: “We are proud and excited to announce our membership status move to Trusted Partner is now complete.”
APSCo (Association of Professional Staffing Companies) is the regulatory body for recruitment businesses and as a Trusted Partner, Umbrella.co.uk is monitored and regulated by APSCo’s guidance. All members commit to a strict Code of Conduct and pass an external quality check with clients and candidates.
Yesterday, the Chancellor announced new financial measures to support UK businesses and workers.
Primarily it seeks to address the concerns of the hospitality sector and those areas now deemed to be in Tiers 2 and 3. These new measures are due to come into effect after the current scheme ends on the 1st November and will run for 6 months.
Workers may be paid up to 67% of their wages up to a maximum of £2,100 per month if a business has to close under the Tier rules.
Many industries have been rocked by the ongoing coronavirus pandemic. As the smallest entity in supply chains, contractors will be among the hardest hit by the virus lockdown.
For many contractors, the Coronavirus Job Retention Scheme (CJRS) has been a valuable source of support when other work has dried up.
Because umbrella companies employ umbrella contractors on a PAYE system, contractors have had the opportunity to receive furlough payments since the scheme was announced.
Umbrella.co.uk held its Christmas Party and annual awards on the 9th of December. We chose a cold and snowy evening to make it very festive! 60-plus staff enjoyed a fabulous meal and drinks, followed by a period of ‘shape throwing’ on the dance floor by those who could – or at least thought they could after partaking in the bar! The photo booth provides permanent evidence of the high jinks!
Contractors and agencies are being encouraged to share their views in a new consultation on umbrella working.
Umbrella companies support the flexible labour market by providing employment services for temporary workers.
New IR35 rules due to take effect in the private sector from April 2021 could force thousands of limited company contractors to shutter their limited company and start using an umbrella company for the first time.
Joining an umbrella company is a tax efficient way to ensure IR35 compliance while also enjoying some for the benefits that come along with being an employee, such as holiday and sick pay.
Unfortunately some non-PAYE payment vehicles also describe themselves as ‘umbrellas’ and these schemes are often illegitimate.
Congratulations to Hannah Kelman on winning Umbrella.co.uk September Employee of the Month.
“Hannah is an asset to the payroll team; she consistently goes above and beyond!” Holly Oakes, Payroll Manager
The new Umbrella Rewards COVID-19 area has been created for you and your family within the portal. To access help and support during these challenging times simply log in to the Umbrella Rewards portal here.