A major difference between an umbrella company and a limited firm is the tax treatment. The former is more flexible and easier to use, while the latter provides more control over taxes. The main [...]
The IR35 tax is a complicated system that can lead to confusion for freelancers and agencies. It’s not a new concept but the rules have changed over the years. For instance, in a recent [...]
MSC mysteries explained It is important to start with explaining the differences between the types of companies that fall within the scope of the MSC legislation and Managed Service Company [...]
An umbrella company is a company that employs individuals for a set fee. Many of these companies have a wide range of jobs and do not pay income tax. As such, the UK Umbrella Company Act 2010 is [...]
Expenses are regular payments a business makes towards ongoing business operations. They directly affect a company’s profitability ratio, which measures whether revenues exceed expenses. [...]
Working with a reputable umbrella company offers a number of advantages to recruiting agencies. Umbrella businesses are a fantastic alternative when it comes to managing payments. When a [...]
In 2004 the Conduct of Employment Agencies and Employment Business Regulations 2003 was formed, with a goal of imposing a set of minimal standards to which the UK’s private recruitment business [...]
A good place to start if you’re new to contracting is with an Umbrella Company. But what are the advantages and disadvantages of working with an Umbrella Company? In this blog we [...]
Many contractors do not know that they can benefit from using an umbrella company in the UK. It is easy to register, and once you do, you can start earning money within minutes. The payroll [...]
When you work as an independent contractor, you are likely to use an Umbrella Company, a business structure that provides the same legal protection and tax benefits as a limited company. However, [...]