Month: November 2017

PAYE vs Umbrella – which is best for you?

November 15, 2017 @ 2:54 pm by Victoria Iredale

Life decisions can be tricky. Buy or rent? Holiday or new kitchen? Chinese or Indian takeaway? However, with a little advice, some decisions can be made a lot easier.

That’s why we’ve put together some information on what you can expect from your payroll provider, so that you can decide what’s best for you: PAYE or Umbrella.

Whether you’re new to contracting, or you’ve been contracting for as long as you can remember, making the right decision for your payment is important. So, what are the differences between using an Umbrella Company …Read More

A warning about rogue models, plus the introduction of a loan charge

November 3, 2017 @ 2:47 pm by Damian Broughton MBE

Since IR35 reform back in April, we’ve seen an influx of schemes which either push the boundaries of the law or flout it completely, promising unrealistic take-home pay through unscrupulous means.

Vanessa Houlder of the Financial Times comments,

“Temporary workers who faced losing up to a quarter of their take-home pay in extra tax following reforms introduced in April have been flocking to non-compliant “umbrella companies” that promised to find ways around the new rules.”

It’s therefore increasingly important to be vigilant when choosing a provider, with some less reputable firms out to …Read More