Danbro are pleased to confirm that we will be basing all furlough payments on 80% of taxable pay. Our clients have been informed and those who have already received a payment from us – calculated at 80% of National Minimum Wage – will have their entitlement recalculated and the difference paid. All others who are […]…
Earlier this week, a new, government-backed loan scheme went live across the country. It aims to help small and medium-sized businesses (SMEs) navigate the financial fallout caused by COVID-19 (Coronavirus). As of Monday 4th May, UK businesses are now able to borrow up to £50,000 – accessible within days – through a government scheme dubbed: […]…
I’d like to pose a question: Could you survive on less than the Minimum Wage – particularly if your regular income is so much more? That’s the grim reality right now for thousands of contractors working through umbrella companies in the UK. Honest, hard-working people with bills to pay and families to feed. I must […]…
Employers across the UK are now able to make claims under the Coronavirus Job Retention Scheme (CJRS) for March and April, after HMRC’s new, online claim portal went live on Monday. What’s more, if your accountant is currently enrolled as your HMRC agent for PAYE, they should able to make the claim on your behalf. […]…
This week, as part of a series of measures aimed at shoring up the UK’s economy in the midst of the Covid-19 crisis, the Government launched their ‘Coronavirus Job Retention Scheme’ (CJRS). In an unprecedented attempt to help both businesses and employees affected by the virus’ financial fallout, the scheme will pay a large portion […]…
Contractors; as it’s Cheltenham Festival week – for the time being, at least – let’s consider IR35 in racing terms. The twists and turns of the IR35 jump race are almost over. For many, the final fence (Wednesday’s Budget) has now been hurdled and the legislation is onto the home straight. And, whether you wanted […]…
A significant benefit of working through an employment umbrella company, like Danbro, is your entitlement to statutory payments. This includes things like sick pay, maternity and paternity pay, and holiday pay. By law, the moment you become employed – be it full time, part-time, or even ‘zero-hours’ – you will start earning holiday pay. There […]…
The Government has issued fresh guidance to help contractors’ spot non-compliant, tax avoidance schemes. The information, freely available on their website, aims to help contractors and agency workers identify a compliant umbrella company and avoid schemes which wrongly claim to be able to increase your take-home pay. This often means paying less in Income Tax and […]…
There are two main types of payment structure for self-employed contractors and freelancers. Limited companies and umbrella companies. Both of which offer certain advantages depending on your personal circumstances. This article focuses on the pros and cons of operating a limited company. So, if you need more information on umbrella companies and how they operate […]…
Changes to the rules for off payroll working in the private sector (IR35) are fast approaching. The reforms will have radical implications for the way private sector businesses interact with the UK’s contractor workforce. More concerning, perhaps, is the impact IR35 will have on the tax arrangements of the contractors themselves. Depending on personal circumstance, […]…
