Working with contractors? Here’s what your cloud accounting software should do
With recent changes to Supervision, Direction or Control (SDC) and IR35 legislation prompting many former umbrella clients to incorporate as limited companies, it’s more important than ever to manage your contractor clients as effectively as possible. A great cloud accounting software platform can help you do just that – but with a range of…
Contractor Contracts – Risks for Recruitment Companies
It used to be the case that once you’d found the right person for a position then your duty as a recruiter was complete. You and your end client would move onto fulfilling the next role, but as terms become more and more onerous in the contract space there’s a few important points regarding…
To brolly or PSC? – That is the question
I can only apologise for misquoting William Shakespeare, but in what has been a year where we remember the bard’s great works, 400 years since his death, it’s also a year where the death of the umbrella was predicted by those who doth complain too much! Whilst umbrellas have not become extinct and the massive…
The power of comparative reporting
As the UK government focuses on ensuring that temporary workers pay the expected amount of tax, it is increasingly important for umbrella companies and contractor accountants to ensure that their systems and records are robust enough to withstand critical investigation. A key aspect of this market is that the size of the client base (and…
FCSA comments on leaving the EU
On leaving the EU, Julia Kermode, CEO of The Freelancer & Contractor Services Association, the UK’s largest independent trade body for contractor accountants and umbrella firms said: “For FCSA it will be business as usual as we continue to work to raise standards in our sector to support and protect the flexible workforce in the…
FCSA challenges Lawspeed on umbrella contract clause
FCSA is disappointed that Lawspeed’s recently updated umbrella contract includes an unreasonable clause and has advised umbrella firms not to sign or accept the new terms. The contract requires umbrella firm directors to personally guarantee against any risk arising from T&S expenses relief. However, under the new legislation the only instance where a tax liability…
Don’t fear the Liquidator: the benefits of liquidating your limited company
When a contractor is trading as a limited company, there is likely to be a time when they would benefit from speaking to a Liquidator. This is normally a good thing. Although the terms Liquidator and Insolvency Practitioner have negative connotations, the advice these professionals give can be of huge financial benefit to contractors. Solvent…
FCSA sponsor TREC 2016 Conference
We are proud to sponsor TREC 2016 – the Talent, Recruitment and Employment Conference hosted by the Recruitment & Employment Confederation (REC). The conference will take place on Wednesday, 22 June 2016 at the Grange Tower Bridge Hotel in London. This event, now in its third year, brings together the best of the best within…
FCSA welcomes JustAccounts as new business partner
The Freelancer and Contractor Services Association (FCSA), the UK’s largest leading trade association for professional employment services working to support the flexible workforce has agreed a partnership with JustAccounts, a leading cloud accounting software specialist for contractor accountants. JustAccounts specialises in providing accountants with a system specifically designed to help them manage their clients’ accounts. …
FCSA responds to Government’s public sector off-payroll consultation out today
Despite unveiling research reported by the Public Accounts Committee (PAC) earlier this month that implied that 90% temporary workers in the public sector are tax compliant, the Freelancer & Contractor Services Association (FCSA) is disappointed to read in the consultation paper just out that HMRC is focusing on how to implement the public sector legislation…