Amendments to the Employment Rights Bill
An Amendment Paper for the Employment Rights Bill (“the Bill”) was published on 27 November 2024. This is designed to iron out any ambiguities and fine-tune technical details in the Employment Rights Bill before it becomes law. The proposed amendments will be considered by the Public Bill Committee. So, what are the key inclusions? Increasing…
Understanding the Construction Industry Scheme (CIS) and Its Potential for Growth and Opportunity
The Construction Industry Scheme (CIS) is a framework established by the UK government to regulate tax payments within the construction sector. It sets out the rules for contractors and subcontractors, ensuring that tax is correctly deducted at the source before payments are made. CIS was designed to improve tax compliance and streamline the collection of…
Inflation drop answers question on state pension but raises another
Next year’s state pension increase is pretty much confirmed but calls to hike tax thresholds will get louder, writes Craig Rickman, from Interactive Investor. UK inflation has finally eased below the Bank of England’s 2% target, a significant milestone in the country’s long-running battle to keep price rises in check. The Consumer Prices Index (CPI)…
How Outsourcing Can Empower Umbrella Companies Toward Future Success
The global freelance market is expected to reach $13.92 billion by 2028, indicating a potential increase in demand for umbrella company services. Umbrella companies play a vital role in managing complex administrative and financial tasks for self-employed contractors, particularly considering legislative changes like IR35. These companies face numerous challenges in ensuring compliance, efficiency, and a…
The Value of Pensions for Umbrella Companies: Boost Contractor Satisfaction and Retain Top Talent
Introduction In today’s competitive market, your Umbrella Company has the chance to stand out by offering more than just basic benefits. A well-chosen workplace pension isn’t just about compliance—it’s a strategic move to show your contractors that they matter. The right pension scheme can be a powerful tool in attracting and retaining top talent. Why…
A Deep Dive into Deepfakes
Written by Mitigo Cyber Security Deepfake technology, which uses Artificial Intelligence (AI) to create highly realistic but fake images, audio, and videos, is rapidly emerging as a significant threat in the cyber security landscape. As cyber criminals adopt this technology to exploit vulnerabilities, businesses must understand its implications and strengthen their defences. What are Deepfakes?…
National Insurance Awareness Day – the importance of insurance for recruitment and umbrella companies
Written by Kingsbridge for FCSA On National Insurance Awareness Day, it’s important to highlight that it’s not just a question of obtaining cover for your business, but ensuring that the cover provided is tailored to your individual needs. This means looking for the right types of cover for the work you carry out, and appropriate…
Fraudulent Identity Documents and Modern Slavery
Written by TrustID Modern slavery is a subject we are hearing more and more about in the UK. It can take many forms but often involves trafficking people across and within countries. In this blog, we explore the growing problem, the links with fraudulent documents, and how Identity Document Validation Technology (IDVT) could help. What…
Are Training Courses an Allowable Expense?
Written by Dolan Accountancy for FCSA. One of the greatest benefits of contracting is the fact that you are able to claim back on expenses made for the running of your business – but, are training courses an allowable expense? Here, we explain the rules when it comes to claiming for training courses. But first,…
Your Guide to Claiming Expenses as an Umbrella Company Contractor
Guest blog written by The Danbro Group ‘Expenses’ should not be a source of confusion for Umbrella Company contractors. You’re entitled to claim ‘chargeable’ expenses as an Umbrella Company contractor, and you may also be able to claim certain tax-deductible, ‘allowable’ expenses too. Your entitlement is dependent on your working arrangements – if you’re a…