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How firms can prepare for IR35 compliance under the new Off-payroll rules
Act Now! Ensure smooth implementation and no damaging consequences of leaving things too late.
…he two being very separate statutes. The original IR35 legislation , which will still apply to contract… …s unlimited IR35 assessments, helping you to stay compliant with IR35, combined with insurance to protect aga… …possible, companies are advised to issue shorter contracts in the interim while work is undertaken to establ… …inal IR35 legislation , which will still apply to contract engagements with small companies, is found in Cha…
Category: News | Mon, 30 Nov 2020

Contractor banking – running a business bank account
Having successfully applied for and opened a business bank account, contractors should adopt best practice when running their company’s account.
…ir contractor limited company’s financial affairs compliant.… …ar ‘audit trail’. For example, at the end of each contracting month a contractor can make three payments from t…
Category: Articles: Contractor banking | Mon, 15 Aug 2016

Comparing state insurances and private income protection
Contractors will find that state insurances won’t provide a financial safety net if they can’t get work or fall ill.
…icies. Umbrella company contractors working for a compliant service provider should both qualify for and be p… …ny kind of a safety net for the resulting loss of contracting income. The main state benefits for contractors n… …enges as limited company contractors when between contracts. What state insurances are available for contract… …overnight if they suddenly fall ill or are out of contract. That’s why at as a minimum we recommend that con…
Category: Articles: Contractor Income Protection | Wed, 06 Apr 2016

How umbrella company contractors can calculate their holiday entitlements and pay
Umbrella company contractors can work out their holiday entitlement using a standard calculation, explains Pulse Umbrella Group’s Chris Futcher.
…owever, contractors are warned to be wary of less compliant umbrella companies who may not be entirely transp… …e clearly stated within a contractor’s employment contract, not all umbrella companies are transparent in ho…
Category: Articles: Contractor umbrellas companies | Thu, 15 Oct 2015

Contractor Doctor: Can I start a contract when on gardening leave?
Employees on gardening leave and considering contracting should check their employment contract first or they may risk breaching its terms.
…aimed. The overarching employment contract that a compliant umbrella company provides enables contractors to… …ationships that may damage their former employer. Contracting via a limited company or umbrella company means t… …league who went freelance to work on a short-term contract with her, and she is suggesting I can tax efficie…
Category: Articles: Contractor Doctor Q+A | Wed, 17 Jul 2013

Contractor Doctor: can I use a tax certificate to offset my tax bill in the UK?
Contractors working overseas can face tax complications, but acquiring a tax certificate can provide an easy and efficient resolution in most cases.
…provides confirmation that their tax affairs are compliant with local tax regulations. The UK has double tax… …erating through a contractor limited company when contracting overseas isn’t often recommended as it tends to g… …Dear Contractor Doctor, I contract via my own limited company, mostly working in Aze…
Category: Articles: Contractor Doctor Q+A | Thu, 11 Feb 2016

Contractor Doctor: Can I claim shared parental leave through my umbrella company?
Umbrella company contractors can claim shared parental leave from their service provider, if they are eligibe, says Parasol's Kerry Harvey.
…arents.” Umbrella company contractors employed by compliant umbrella services providers should receive all th… …ed. This flexibility enables a contractor to keep contracting.” Contractors must be eligible for SPL to qualify… …y working through an umbrella company . My latest contract has lasted just over nine months, and I have been…
Category: Articles: Contractor Doctor Q+A | Thu, 09 Apr 2015

Contractor Doctor: Can umbrella companies withhold holiday pay for days not taken?
Umbrella companies, like any employer, should pay holiday pay, but employees should also take holidays, says Parasol’s Juliet Byrne..
…rasol “Umbrella company contractors working for a compliant service provider are employees with a contract of… …pany to an employment tribunal.” Check employment contracts and take holiday Byrne notes that Tony’s case is… …rella company and I’ve just finished a three-year contract helping a client to build a new website. Since I…
Category: Articles: Contractor Doctor Q+A | Tue, 21 Oct 2014

ContractorCalculator: Contracting news in brief - 17/Dec/2010
News this week includes the end of EBTs; disappointing labour market statistics; OTS interim review; IT employees unhappy; & retail sector upbeat.
…ims about take-home pay. Correctly structured and compliant umbrella companies have nothing to fear from the… …king to clarify confusion that has arisen in some contracting media over who the new legislation will target. C… …lternative to a permanent employee, thus securing contract opportunities in 2011. More… Contractors supporti…
Category: News | Fri, 17 Dec 2010

Using the VAT flat rate scheme? You could pay £££ more from April 2017 - find out why
Expert James Abbott explains steps to mitigate impact of changes to the VAT flat rate scheme from April 2017.
…icular problem but it’s so far reaching that many compliant contractors are set to receive a hit,” explains A… …f the invoice or payment date. This means certain contracts already active may also be partly subject to the…
Category: News | Wed, 21 Dec 2016

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