March 7, 2024
As a contractor, it’s likely you’re already aware that being employed by an umbrella company comes with a number of advantages. While there’s a good chance you’re familiar with what […]
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March 6, 2024
Earlier today in the House of Commons, Chancellor Jeremy Hunt delivered the 2024 Spring Budget. We at Parasol were glued to our screens, hoping to hear good news for the […]
January 5, 2024
With tax avoidance schemes on the rise, contractors must stay vigilant against deceptive practices like the “Two Payment Trick.” This scheme involves receiving two payments per pay run, with the […]
January 2, 2024
HMRC has provided updated guidance specifically for umbrella company workers, aiming to clarify their engagement terms, payment structure, and employment rights and tax responsibilities. This guidance also offers advice on […]
November 22, 2023
After scorching temperatures in early June, the wet weather in July and early August definitely made us realise that the umbrella is and always will remain an incredibly useful tool to protect ourselves against the wind and rain.
November 15, 2023
After scorching temperatures in early June, the wet weather in July and early August definitely made us realise that the umbrella is and always will remain an incredibly useful tool to protect ourselves against the wind and rain.
September 18, 2023
After scorching temperatures in early June, the wet weather in July and early August definitely made us realise that the umbrella is and always will remain an incredibly useful tool to protect ourselves against the wind and rain.
June 7, 2023
The government has responded to the call for evidence on the umbrella company market, which closed in February 2022, and issued a new consultation: “Tackling non-compliance in the umbrella company […]
May 19, 2023
The IR35 legislation is a tax rule that individuals operating via their own limited company, irrespective of industry, need to be aware of. IR35 determines whether or not freelancers and […]
March 15, 2023
Spring Budget 2023 As the UK continues to weather the ‘cost of living crisis’, the chancellor – Jeremy Hunt – set out the government’s plan to help grow the economy. […]