Why an umbrella solution gives you the best of both worlds
August 18, 2017 @ 2:34 pm by Judith Kirby
I met with a friend recently who I hadn’t seen for few years, and of course, we went through the whole “long time no see” chat. When I said “oh, I work for an umbrella company” she looked baffled – for a moment I think she thought I was covering metal frames with water repellent fabric!
Trying to explain the role of umbrella companies and that they are very much needed in these economic times was somewhat interesting. Who builds the country’s fighter jets? Maintains the railways? Provides specialist technologies? The …Read More
Five questions to ask when you start working for yourself
August 16, 2017 @ 12:07 pm by Christopher Oxley
We know that starting to work for yourself can be an exciting opportunity, but before you make the leap you’ll undoubtedly have a few questions. Here we take a look at 5 of the many questions you should be asking yourself when going it alone.
1. How do I register as self-employed with HMRC?
Once you start working for yourself and run your business as an individual, you’re classed as a sole trader and you’ll be responsible for paying your own income tax and National Insurance Contributions (NICs).
As such you’ll need to …Read More
People should not be forced into an Employment Umbrella, but should choose to go there for the benefits
August 10, 2017 @ 8:59 am by Damian Broughton MBE
Since 6th April, when the new IR35 rules for public sector workers became law, we’ve seen a surge in the use of umbrella solutions in the contractor marketplace. However, rather than people choosing an umbrella solution, unfortunately we’ve seen evidence of some contractors being forced down that route. The wholesale transfer of groups of workers being forced down a particular route is frowned upon by HMRC, and there is no need for this action to take place.
At Danbro we’ve discussed the main two options – Limited Company and Umbrella – …Read More
Game of Thrones and the evolution of the freelancer
July 18, 2017 @ 3:48 pm by Natalie Friel
As the long-awaited new series of the smash hit HBO TV Game of Thrones returns to our screens, audiences worldwide are tuning in to discover the fate of their favourite characters – will Arya get to face down the Queen of the Iron Throne herself, Cersei (whose power dressing has increased tenfold since her post shame-walk makeover)? One things for sure, with George R.R. Martin at the helm, literally anything could happen.
But how does this relate to the freelancer you may ask (or perhaps that’s just me)? Well, according to …Read More
Noticed a dip in your pay? Then getting paid a deemed salary probably isn’t paying…
July 14, 2017 @ 3:36 pm by Natalie Friel
If you’ve been receiving a deemed salary since the rule change for working in the Public Sector back in April, you’re likely to have noticed a drop in the amount you’re taking home.
When you combine that with the ongoing responsibilities and costs of being a director of your own company, it simply doesn’t pay.
Here’s 5 reasons why you should consider using an Employment Umbrella instead of being paid via a deemed salary into your limited company…
1. POCKET THE DIFFERENCE
As an example, if you work a 37.5 hour week with a rate …Read More
Don’t get STAMPED on by the second home charge!
July 4, 2017 @ 2:44 pm by Jonny Brown
So after I won my 7th Mr Olympia title, my wife and I decided it was time to upgrade and move to a larger, more modern house; I was thinking of a property reminiscent of those I see Kevin McCloud talking about…with an annexe for the servants and an East Wing to store all my trophies.
Anyway, after I woke up we decided to look for a new house for real! By complete chance we came across a new build, which was not quite finished and still needed a little work …Read More
Effect of the Gig Economy on Contracting
June 21, 2017 @ 11:20 am by Damian Broughton MBE
In today’s digital world many of us no longer view work as a place to go, but as a task to be achieved, with surging demand from big companies driving the so-called ‘gig economy.’
There are concerns about the gig economy – as we’ve discussed previously, but at the high end of the freelancing sector, there are rapid growth opportunities for skilled, independent professionals. Typically these professionals work through their own Limited Company or through an Umbrella Company.
We have seen several reviews into the modern way of working being instigated this …Read More
Taking On Your First Employee
June 13, 2017 @ 4:42 pm by Helen Broughton MBE
Taking on your first employee is an important milestone of your business’ development. However, there are many administrative tasks, as well as legal requirements to consider. We’ve teamed up with our Managing Director, Helen Broughton MBE (who knows a thing or two about setting up a successful business) to give you our guide to taking on your first employee.
Step 1 – Preparation
Create a job description – What do you want your employee to do? What skills will they need? How many hours will they need to work? What salary can …Read More
Danbro’s Top CV Writing Tips
April 26, 2017 @ 12:59 pm by Sarah Cullingworth
Your CV is often the first communication a potential employer will see, and may be the only chance for you to get to interview. Therefore it’s crucial that you get it right.
We’ve teamed up with the experts in Danbro’s HR team to give you our top tips.
Keep it short and sweet, the most successful applicants have CVs no longer than two pages of A4.
If printing out your CV, make sure it is printed on a clean piece of white paper.
Going for a creative role? Don’t be scared to try …Read More
New (Tax) Year’s Resolutions – the ones you’ll really want to stick to!
April 6, 2017 @ 2:39 pm by Sarah Cullingworth
With the festive season a distant memory, and some subtle signs of Spring finally appearing, we’re now firmly into the new year. Many of us will have given up on our resolutions already, but if you’d like a second chance to start afresh, then what better time than the new tax year?
We take a look at the changes you’ll really want to make, and how we can help you stick to them this time!
Looking after your health
This is a popular one. After the indulgence of the festive season, you might …Read More