Despite the important role that umbrella companies play in supporting contractors, providing all employment rights and ensuring tax and NICs are paid, there are numerous misunderstandings about how umbrellas work in practice.Five ‘myths,’ if you will, still doing the rounds, writes Julia Kermode, CEO of the Freelancer & Contractor Services Association.Myth 1Hidden charges!When trade unions first became aware of umbrella companies, they were concerned about the apparent … [Read more...]
Umbrella usage is set to soar according to 91% of Recruiters.
With the planned changes to IR35 in the Private Sector round the corner, research from the Association of Professional Staffing Companies (APSCO) shows a vast majority of professional recruitment companies are expecting Umbrella companies to be utilised far more going forward.The survey from APSCO revealed that 91% of those polled within professional recruitment believe that PSC’s will be dropped in favour of Umbrella services due to the new rules, which come into effect as of April … [Read more...]
Announcement – IR35 Extends into Private Sector
HMRC have confirmed IR35 will extend into the private sector from April 2020. The Draft Finance Bill was released today.Please click here to view the document.If you have any questions about how this may affect your business or your Contractors, please contact one of our team about our products and services on 01252 863700, info@epayme.co.uk or click Contact Us. … [Read more...]
The EU Settlement Scheme
The EU Settlement Scheme is now officially open. After a successful launch on Saturday, more than 50,000 applications were made over the weekend. This brings the total number of applications to over 280,000.Applying to the EU Settlement Scheme is completely free, and the Home Office’s aim is to make it as simple and straightforward as possible. All you need to do is complete a three-step application with a laptop, tablet or mobile device to prove your identity, confirm you live in the UK and … [Read more...]
Six reasons to outsource your payroll with ePayMe.
You may be asking why you need to outsource your payroll. Well, payroll can be complicated and time-consuming and when it comes to taxes, payroll is named as the area businesses find most troublesome.We’ve compiled an insightful infographic listing six ways that outsourcing payroll to ePayMe can save your business time, money and headaches. These include;Timing savings It goes without saying that you would rather spend time doing profitable work instead of administrative tasks. … [Read more...]