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As we enter 2025, this article provides an overview of the UK's economic performance in December 2024, focusing on overall growth, markets, retail sales and wages. Please keep reading for more information.

We will operate as usual until the end of Christmas Eve (24th December, 09:00 – 17:30). However, during the festive period, our office will be open for reduced hours, as summarised below.

Interested in keeping up to date with the latest economic performance information impacting businesses and households in the UK? This month's economic review focuses on the developments that arose in November 2024. Keep reading for more information.

As part of a pension salary sacrifice arrangement, you agree to give up a percentage or fixed amount of your salary in order for your employer (for example, your umbrella company), to make a larger contribution to your personal pension pot. Continue reading as our latest article discusses the benefits of pension salary sacrifice.

As an umbrella company employee, the Pay As Your Earn (PAYE) system automatically deducts tax from your wages. However, there are instances where you will be required to submit a tax return to HMRC. Continue reading to discover when contractors using an umbrella company need to submit a self-assessment tax return.

Before registering with an umbrella company, it’s a great idea to request a tailored take-home pay calculation to determine how much your net pay could be for a temporary assignment. But what exactly is an umbrella company calculator, and how does it work?

As a contractor, before you begin an assignment, you will be issued a Status Determination Statement (SDS), which provides important information about the IR35 status assessment. Continue reading to discover everything you need to know about what an SDS is.

Previously, most people taxed through PAYE do not need to complete a self-assessment tax return unless they have earned more than £100,000. However, the self-assessment threshold has now changed. If you earn more than £150,000 taxed through PAYE, you must submit a self-assessment tax return.

Salary sacrifice is a tax-efficient way to contribute to your pension and significantly boost your retirement fund. Our latest article explains how a pension salary sacrifice works and the benefits of using salary sacrifice for contractors.

Companies House has announced that it will increase fees from the 1st of May 2024. The new costs affect incorporation, a change of name, re-registration of a company, confirmation statements, and other services. Our latest article outlines the changes to Companies House fees you should know.