Tax Avoidance or Tax Evasion
Tax Avoidance or Tax Evasion The difference between tax avoidance and tax evasion substantially comes down to legality. Tax avoidance is legal, but tax evasion can lead to serious consequences…
The Benefits of a Umbrella Company
The benefits of being paid through an umbrella company Umbrella companies like iConsult offer a complete payroll service for contracts. But a lot of people wonder why people should use…
What process should you choose for shutting down your limited company?
Last week, we outlined the two main methods of closing down a solvent limited company: voluntary dissolution and members’ voluntary liquidation (MVL). As both methods have the same outcome, it…
Shutting down a limited company – Two methods
Issues such as IR35 and the impact of COVID-19 have naturally prompted many to consider closing their limited company. While this is not always a necessary step, (e.g. if someone…
Be wary of marketing claims when choosing an umbrella company
Contractors choosing umbrella companies should be wary of those that market themselves as “IR35 compliant”, “HMRC-approved” or who claim they have special expenses dispensations. While umbrella companies offer a vital…
Choosing the best umbrella company for your payroll
Since the announcement that IR35 would be implemented in the private sector, there has been an uptick in umbrella companies targeting UK contractors. However, with so many to choose from,…
The ins and outs of umbrella company pension auto-enrolment
Providing they meet certain criteria, all umbrella company contractors will be automatically enrolled into a pension scheme when they join. Once enrolled, contractors can choose to opt out and manage…
Sick pay for umbrella company employees
Sick pay is among the benefits that working for an umbrella company offers for contractors. But it is important to be aware of the rules, guidelines and criteria governing sick…
The cost of umbrella companies
When contractors are choosing from the many umbrella companies on the market, comparing prices is one of the most important considerations. However, what’s advertised doesn’t always reflect the true cost…
Claiming expenses through an umbrella company
Under an umbrella company, contractors can claim back expenses they incurred working on assignment. The claiming and reimbursing of legitimate expenses is reliant upon the SDC (supervision, direction and control)…