Churchill Knight - SafeRec – The only way to prove your umbrella company is paying you compliantly - FI

SafeRec – The only way to prove your umbrella company is paying you compliantly

While most umbrella companies in the UK process payroll ethically and compliantly, a few have made the headlines for the wrong reasons. Sadly, a few non-compliant umbrella companies have given the entire sector a tainted image because they have been incorrectly paying contractors and freelancers, sometimes secretly retaining more money by deducting hidden amounts straight from the workers’ pockets. With supply chain confidence lower than ever before, there is one way that contractors and freelancers can be certain they are being paid compliantly – by choosing a SafeRec Certified Umbrella Company. This article explains the many benefits of selecting a SafeRec Certified Umbrella Company and the importance of the professional body, the FCSA (The Freelancer and Contractor Services Association), in protecting temporary workers from tax avoidance schemes.

Warning: New fraud targetting recruitment agencies has been brought to our attention by the FCSA - FI

Warning: New fraud targeting recruitment agencies has been brought to our attention by the FCSA

The Freelancer and Contractor Service Association (FCSA) has brought a new type of fraud to its members’ attention, targeting recruitment agencies. This blog summarises the new scam and explains how it works. If you represent a staffing agency and place temporary workers – you must read the following and ensure your business has precautions in place.

Do I need to submit a Tax Return if I work via an umbrella company?

With just over a month to go until the self-assessment tax deadline, it is worth double-checking whether or not you have to submit a self-assessment tax return. In many cases, umbrella company employees won’t need to submit a tax return because they are taxed similarly to those in permanent employment (PAYE). However, any additional income may need to be disclosed to HMRC by submitting a tax return. Continue reading to discover whether you need to file a self-assessment tax return.

New government umbrella company consultation suggests regulations could be on the horizon FI

New government umbrella company consultation suggests regulations could be on the horizon

The government has launched an open consultation into the role of umbrella companies in the labour market to better understand the industry and how umbrellas interact with the tax and employment rights systems. The consultation requests multiple stakeholders’ input by answering a series of questions, including contractors, recruitment professionals, and end-hirers. In this article, we summarise the consultation and explain how you can help contribute to the sector’s expected developments next year.

Important information for agency and temporary workers: beware umbrella company cloning - FI

Important information for agency and temporary workers: beware umbrella company cloning

A new type of fraud has swept across the umbrella company sector, and it’s targetting compliant umbrella companies, recruitment agencies and tens of thousands of honest, hard-working contractors and freelancers. Please keep reading as we explain what umbrella cloning is, what has happened so far, which companies have been targeted, and how to identify fake communication from criminals pretending to represent legitimate umbrella companies.