The Chancellor’s VAT rate reduction – that we reported on earlier in the summer – is now in full swing, and applies to selected businesses until next January. Estimates suggest the scheme will cost around £4bn, but Mr Sunak hopes it will prove vital in protecting jobs and promoting business for tourism and hospitality – […]…
IR35 (introduced in 2000) determines whether a contractor is working through their limited company correctly. IR35 legislation tends to concern contractors and freelancers who provide services via an intermediary, or Personal Service Company (PSC). It does not apply to umbrella company contractors. IR35 changes (changes to off-payroll working rules) in the private sector come into force on […]…
Job hunting can be daunting, particularly if it’s your first time, and even more so in the current climate. But before you worry about your new workmates or concern yourself with interviews, there’s something EVERY applicant needs: a solid CV. Your CV is often the first thing a potential employer will find out about you. In […]…
As the UK continues to emerge from lockdown and with changes to the furlough system coming into play next month, the Chancellor, Rishi Sunak, today unveiled his latest plans to boost an economy hit hard by COVID-19. Following the so-called ‘Coronavirus Budget’ in March – delayed as a result of last year’s General Election – […]…
Last weekend, the government issued fresh guidance surrounding the Coronavirus Job Retention Scheme (CJRS). Speaking from Downing Street, the Chancellor, Rishi Sunak, outlined how the scheme will operate – and evolve – over the next few months. Here’s a brief summary of the very latest developments impacting our small business clients: The CJRS will continue […]…
The government recently issued updated guidance surrounding the Coronavirus Job Retention Scheme (CJRS), outlining how it will change over the coming months. Here’s a brief summary of the developments most likely to affect you, our contractors: • The CJRS will continue in its current format until the end of July, but will close to all […]…
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 […]…
As the health emergency surrounding Coronavirus deepens, so too does the economic anxiety experienced by many workers around the country. Not least, umbrella company employees. With thousands of umbrella contractors in the Danbro Family, this is an issue we’re particularly concerned with. So this weekend, Helen Broughton MBE DL, the Danbro Group’s Managing Director, is […]…
