Contractor demand rises sharply in some key sectors
Data has shown that demand for contractors in certain key sectors has soared as a result of several converging factors. Driven by the UK economy’s recovery from the COVID-19 pandemic…
Giant Pay processes outstanding payments following cyber-attack
FCSA-accredited umbrella company Giant Pay says that it has made all outstanding payments after being hit by a cyber-attack on September 22. After detecting “suspicious activity” on its network, the…
Study: IR35 prompts surge in umbrella company use
A new survey has revealed the impact IR35 has had on freelancers, with a sharp increase in contractors working through umbrella companies. Umbrella company Cool Company, which commissioned the research,…
The impact of the National Insurance increase for umbrella company workers
The Prime Minister has recently announced an increase in National Insurance Contributions (NICs) to help raise £12 billion to fund the UK’s social care and NHS. The controversial measures were…
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…
Online Right to Work checks extended until April 2022
The government has announced that the temporary adjustments to right to work checks, enabling them to be carried out online, have been extended until April 5 2022 (inclusive). The extension…
What to know when you join an umbrella company
As an increasing number of freelancers turn to umbrella companies in the wake of the new IR35 rules for private sector businesses, many will be entering a form of unemployment…
New reporting rules for digital marketplaces – the implications for freelancers
Last week, we reported on the new rules set to come into effect from January 2023 that will make digital marketplaces, such as Uber, Deliveroo and Fiverr, responsible for reporting…
Digital platforms to be responsible for reporting freelancer earnings
Under rules set to come into effect in 2023, digital platforms on which people buy and sell products or services will become responsible for reporting earnings information regarding the freelancers…