Expenses – Can You Or Can’t You?

With the changes to IR35 that were rolled-out on April 5th 2021, many contractors working in the private sectors have found that they can only be paid via an umbrella or internal PAYE. Under PAYE/umbrella, the way that these contractors work has had a near-complete change. No longer can they work through their Limited Company, […]

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Budget 2021 & April Changes

The Budget is finally upon us and we all wait with bated breath to see what the chancellor has in store for us. We know that with the ongoing pandemic and the financial protection measures in place, the UK economy will need bolstering and the budget is the first stepping stone to do this. So […]

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2020 – A Year In Review

2020 for many has been a year of uncertainties, and a year of frustration. With the outbreak of Covid 19 causing both fear and frustration, the knock-on effect that it has had has been much more far reaching than anticipated. From people losing work due to the various lockdowns, to panic buying and food shortages, our great […]

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Furlough Scheme Extended

On 5 November 2020, the Chancellor announced that the Coronavirus Job Retention Scheme will now run until 31 March 2021. He has also stated that further guidance will be given on the 10th November 2020. Payments Pro will support its workers by continuing to support the Job Retention Scheme until the time that HMRC brings […]

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Preparing For The Future With Your Pension

The number of self-employed and contracted workers that continue to prepare for retirement by investing in a pension has seen a drastic reduction according to our sources. This in part could be put down to the ongoing Covid-19 situation and the reduced or absence of income that many contractors have faced, placing many in a […]

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The Fallout From Contractor Loan Schemes

Like nuclear fallout, the contractor loan schemes that were offered in the past still continue to have an affect on those that used them. We have posted about these loan schemes in the past warning contractors about the use of these as well as the grey area caused by name changes and workarounds used to […]

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Off-Payroll Reforms: UPDATE

As stated yesterday there has been some confusion, and to a certain extent, worry regarding the proposed changes to IR35 that will be implemented next April. The section and change in question raised the possibility of an agency being defined as the intermediary and therefore being responsible for any contributions that a contractor would be […]

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Off-Payroll Reforms & Umbrella Payroll

Recently it has come to light that part of the IR35 reform that is due to come into play next April will cause problems for both umbrella payroll services and agencies. The legislation as it currently stands has caused some confusion regarding the definition of ‘intermediaries’ and the resulting impact on who is and isn’t […]

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Building A Better Umbrella

Despite many agencies now instructing contractors to only use FCSA accredited umbrellas, the marketplace is still full of dubious payment providers. Unfortunately when a contractor is offered a unrealistically high take-home pay, they are willing to push and push the agency until they can use the umbrella.  This causes problems for everyone especially the contractor.  […]

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