Month: August 2017
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