Why Has FCSA Launched Diligence Hub? Addressing Changing Legislation and Industry Needs
In an ever-evolving world of payroll compliance, Freelancer & Contractor Services Association (FCSA) has introduced Diligence Hub — a secure, cloud-based platform designed to streamline the due diligence process for both recruiters and umbrella companies. As new legislation and regulatory frameworks reshape the industry, Diligence Hub is an essential tool that addresses emerging challenges while…
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…
Liquid Friday joins Business South as a Champion
Portsmouth-based firm Liquid Friday, a leading provider of payroll and workforce management solutions, is proud to announce that it has joined Business South as a Champion, becoming part of a distinguished network of organisations committed to driving sustainable growth, innovation and economic prosperity across the Central South region. About Business South Business South is an…
HMRC to Hire Over 5,000 Compliance Officers to Strengthen Tax Enforcement
In a significant move to bolster tax compliance and close the tax gap, HM Revenue and Customs (HMRC) has announced plans to recruit over 5,000 additional compliance officers. This initiative comes as part of a broader package of reforms unveiled by Chancellor Rachel Reeves, aimed at modernising the UK tax system and improving government efficiency….
The new duty to prevent Sexual Harassment
Written by Brabners LLP Introduction On 26 October 2024, the law will impose a new duty on employers to prevent sexual harassment in the workplace. The new duty applies to all employers, including employers of umbrella employees, regardless of the size of the organisation. The current law The law already makes employers vicariously liable for…
Boost your contingent workers and your business with tailored benefits
Allow us to introduce ourselves! Hi, we’re Boostworks – the people that help people thrive. Previously known as Remus Rewards, we’re experts in the contingent workforce and we understand the challenges within the industry. We’ve spent over 22 years collaborating with a wide range of fantastic organisations, including umbrella companies and recruitment agencies, to deliver…
Understanding Salary Sacrifice Pensions for Umbrella Employees
As a PAYE umbrella employee, you are automatically enrolled into a workplace pension scheme, ensuring regular contributions towards your retirement savings. However, there is another option that contractors are increasingly utilising: salary sacrifice pensions. What Is Salary Sacrifice? Salary sacrifice is an arrangement where you agree to exchange a portion of your salary for non-cash…
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…
FCSA Announces New Partnership with Jarvis
Freelancer and Contractor Services Association (FCSA) is pleased to announce a new partnership with Jarvis, a provider specialising in personalised workplace pensions. This collaboration aims to offer our members enhanced options for retirement planning, adding to the variety of solutions available to the flexible workforce. Jarvis, known for its innovative Lifetime Pension service, is designed…
Employer’s ‘Holiday Saving Scheme’ Inadvertently Breached National Minimum Wage Rules
Written by Brabners LLP Another employer has fallen foul of the complicated rules on National Minimum Wage (NMW). In July, in the case of Revenue and Customs Commissioners v Lees of Scotland Ltd, the Employment Appeal Tribunal (EAT) ruled in favour of HMRC over a notice of underpayment of NMW which HMRC had issued to…