What are the benefits of using an FCSA accredited umbrella company?

When searching for an umbrella company, it is a great idea to consider using umbrellas accredited by the Freelancer and Contractor Services Association (FCSA).

Here are some of the many benefits of using an FSCA accredited umbrella company for your payroll.

• The FCSA is recognised throughout the industry as the most prestigious self-regulatory body, committed to promoting supply chain compliance and protecting temporary workers.
• The FCSA’s Codes of Compliance is available online and was created by the FCSA and independent assessors – in consultation with HMRC. The FCSA’s Codes of Compliance are updated regularly to reflect changes in the sector, and updates rules and regulations introduced by HMRC.
• As stated on the FCSA’s website, the FCSA accreditation is the “only compliance standard recognised and endorsed by all of the UK’s leading recruitment bodies, including REC, APSCo and TEAM.”
• FCSA members must undergo an annual audit to prove they still adhere to the very-highest standards of compliance.
• If an FCSA member is found to breach the Codes of Compliance, their membership will be suspended or terminated by the FCSA.
• Choosing a FCSA member will help protect you against the risks of non-compliance within the contractor payroll sector. FCSA members set the standards in compliance. Engaging with a non-compliant umbrella company (tax avoidance scheme) could land you in serious trouble with HMRC. Therefore, picking an FCSA accredited member will safeguard you from non-compliance.
• The FCSA hosts regular meetings and gatherings for members to discuss developments within the industry. Therefore, FCSA accredited members are up to date with the latest goings on in the sector.

Churchill Knight Umbrella is proud to be an FCSA accredited member. Please click here to view our official directory listing on the FCSA’s website.