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Congratulations to Allison Gallagher, Finance & HR Manager, on winning July Umbrella.co.uk Employee of the Month.
Allison has been invaluable and hard working member of the team for 9 years.
“Well done to a very deserving winner!" Simon Pearson, Finance Director.
Cloud accounting software provider FreeAgent have seen their income soar by 41% to £8m for the year to the end of March.
As Umbrella Accountant’s provider of choice for contractors and freelancers FreeAgent reported a net loss of £2.9m for the same period, including share-based payment expense of £0.8m, as the group continued to invest in scaling its business (2016: £1.3m).
With Mr Osborne set to deliver his 2016 Budget in less than a fortnight’s time and with debate roaring over Brexit, what are the possible implications for contractors and other business drivers?
In February, the BVRLA – the trade body for the car leasing industry – claimed that since 2010 the government’s company car taxation policies have exposed road users and indeed society as a whole to dirtier, more dangerous vehicles. Gerry Keaney, the BVRLA’s Chief Executive, labelled Mr Osborne’s “series of tax increases as both unfair and unsignposted”, pointing to 30,000 fewer employees who have chosen company car packages over the last five years.
HMRC have issued a warning to contractors or freelancers who took part in a tax avoidance scheme called– The Contractor Loan Scheme.
The scheme was designed to pay contractors a loan rather than a salary from a non UK employer with the aim that the loan payment would be tax free (in place of a taxable salary). HMRC are now warning that income tax may still be liable on these types of arrangements.
If you are a contractor or freelancer working through your own limited company it can be useful to know that legislation exists to ensure that you, as a small or medium sized business (SME), are paid promptly for the work you perform.
Brexit day is fast approaching and there is little certainty over how the negotiations will turn out.
Whatever happens, Brexit is likely to impact contractors in the UK. There may be some benefits in the short and long term, but many contractors are also likely to face some restrictions on their work.
In this blog post, we investigate the most likely Brexit outcomes and how they will affect contractors in the UK.
Today is all about recognising the hard work and dedication that goes into operating as a freelance worker, and helping those workers be fully aware of how to manage their business as effectively and smoothly as possible.
New Year’s resolutions are notoriously difficult to maintain past the second week of January. How many times have you told yourself that you’ll go to the gym more this year, drink less alcohol or make and save more money?
Sound like you? Perhaps you are just making the wrong resolutions. Make a commitment to go self-employed in 2016 and watch your other ambitions come true as you reclaim control over your life.
The ongoing HMRC discussion into Travel and Subsistence for Temporary Workers working through Umbrella Companies raises the concept that is there could be a difference between a temporary worker and a contractor or freelancer and if there is should these have different tax treatment?
National Freelancers Day (NFD 2014) is approaching and this year is happening on Wednesday, 19th November 2014.
