It appears that contractors are becoming common victims from phishing emails. Phishing emails can be one of the most dangerous forms of cyber-crime. These emails appear to be from legitimate sources (like HMRC or an Umbrella Company) and request sensitive information from the recipient. This information is often requested either within the body of the email, or through a…
The IR35 changes resulted in an announcement from Barclays outlining that they will no longer employ anyone contracting as a sole trader or a limited company. Barclays contractors who are paid through agencies or via the bank’s procurement teams mustn’t have their contracts extended further than February 2020, and that new contractors hired from January 2020 must be PAYE.
The IR35 Private Sector reform will commence in April 2020. If you’re employed by Exceed Umbrella you won’t have to worry about this at all as the changes do not affect you. On the other hand, if you’re not employed by us or any other Umbrella company, and are Self-Employed, you will be impacted. We’ve put together a few tips to help you prepare for the IR35 reform.
The Loan Charge has been a hot topic of debate over recent months in contracting circles and it’s not difficult to see why. HMRC are deliberately targeting thousands of workers who have used disguised remuneration schemes since 1999.
Private sector off-payroll IR35 legislation was published in draft form this week in the Finance Bill 2019/20. The legislation was basically the same as discussed during the consultation process. This makes it almost identical the rules in the public sector.
The murky world of loan schemes is getting a whole lot murkier with a new breed of dodgy loan schemes. Contractors need to make sure their umbrella company provider is not actually a loan scheme in disguise.
We are very pleased to announce that we are now accredited by Professional Passport for Umbrella and CIS Sole Trader solutions. Professional Passport is the largest independent assessor of payroll solution compliance in the UK. They work with all aspects of the contractor industry from contractors themselves right through to accountancy and umbrella providers. Professional…
We are very pleased to announce we are now working with then industry leading independent feedback platform Feefo! Feefo allows only genuine Exceed customers to review our service via a secure, trust worthy and independent system.
The impact on both contractors and the companies that hire them is likely to be enormous when the IR35 off payroll private sector reform lands in April 2020. Even just a casual examination of the impact of the same changes made in the public sector in April 2017 backs up this forecast.
There is a growing consensus that HMRC need to totally rethink their IR35 small company exemption. This exemption is coming with private sector reforms. Furthermore many feel that an additional online tool is required to specifically help determine if an entity is indeed ‘Small’.