With workers becoming more and more in demand and a lack of work currently available for skilled temporary/contracted workers, there is more emphasis on the agencies to offer a better service. This is not only with their on-boarding, but also to give the worker the flexibility to be able to earn more. A happy worker will not only return, but also spread the love by recommending to fellow co-workers on their experience.This experience not only works for agencies but also from a payroll … [Read more...]
Brexit News Update
For those following the Brexit news; this week those campaigning for a Second Referendum to keep the UK within the EU received boost as Jeremy Corbyn committed his party to supporting a fresh referendum.This is pertinent to the financial sector as after Brexit, the trade relationship between the UK and the EU will not be the same after the implementation period. Financial services is one of the UK’s biggest exports to the world, representing almost 10% of the UK’s total exports.If a no … [Read more...]
Preferred Supplier Lists
As we settle into 2019 it is time to reflect and review on how we are doing, to avoid regulatory penalties and improve our business for the coming year.Many recruitment agencies use preferred supplier lists (PSL) for umbrella companies, but how do you ensure this is followed by your workforce? There has been mention of HMRC targeting individual consultants for unpaid tax, due to direct payments made by providers.Referral incentives place consultants at risk and can leave businesses open … [Read more...]
Moving back to a trusted umbrella service from an expensive PSC provider!
Following changes for off payroll working in the Public Sector, many contractors may have found themselves assessed as working inside IR35. Many end clients do not want the hassle of deciding each individual case and so have placed a blanket ban on all contractors. Many of these contractors cease operating through their own limited company, and opt instead for umbrella employment as their agency and end client have suggested. For a contractor working inside IR35 this is usually the better … [Read more...]
Self-employment models coming under scrutiny again
In 2014, HMRC introduced new rules designed to remove so-called false self-employment for workers engaged via intermediaries. These rules centred on ”SDC” tests designed to establish whether a worker was, or was capable of, working under supervision, direction and control. Unless an engager could evidence that no SDC (or right to) existed, PAYE/NIC would need to be applied to the worker’s earnings as though they were employeesNot surprisingly, the number of self-employed contractors working … [Read more...]
Do you operate within the Public Sector?
Last Monday saw the release of the HMRC’s draft finance bill, detailing the reforms as to how the IR35 legislation must be operated in the public sector from April 2017.There have been strong reactions from industry bodies to the Government’s new ‘Draft provisions for Finance Bill 2017’, nearly 400 pages of new tax legislation setting out the draft provisions for technical consultation, including changes to National Insurance contributions, clampdown on salary sacrifice contracts for new car … [Read more...]
Don’t be left in the dark about your Self-Employed Status
For many years being Self Employed meant working for yourself with no input from anyone else. Gone are the days of “cash-in-hand” as HMRC are clamping down on the whereabouts of Tax and NI for these services. If you are actively sourcing your own work for yourself and have no input from another source then you can be classed as self-employed, if however, you rely on an agency to source you this work then you are classed as employed and so will need to be PAYE or Limited status.PAYE can be … [Read more...]
Travelling to work now counts as work, rules European Court of Justice
Time employees spend travelling between work and home should legally count as working time, according to the European Court of Justice.The highest court in Europe has ruled that workers who do not operate from a permanent workplace should be able to charge employers for the time taken to commute to work, which they are currently not permitted to do. The controversial ruling will impact millions of workers and their employers. Most employees will be pleased with the ruling, as … [Read more...]
97% of contractors much happier than employees, says new survey – find out why
Satisfaction levels amongst contractors are significantly higher than those of permanent employees, as more workers around the globe choose to make the leap into flexible working.The findings in ‘Independent work: choice, necessity and the gig economy’ – a study by McKinsey Global Institute (MGI) – show that 97% contractors are much happier than their permanent counterparts, recording greater satisfaction levels in almost every aspect of their work.The report also shows that:Up to … [Read more...]
Don’t waste time worrying!
UK employees waste 20% of their time worrying about their finances This week, all of us at ePayMe, are celebrating National Payroll Week. We are spending this time to provide useful information to our workers and encourage them to look at payroll in a different way. We are aiming to provide assistance and guidance on ways in which they can save money through their payroll with ePayMe.According to a new report that researched 10,000 UK workers, 70% of the UK workforce admit to wasting a … [Read more...]