Our blog
Tips for choosing the right Umbrella Company for you
You’ve decided to take the leap into a career in contracting, so first things first you’ll need to choose an Umbrella Company for you to contract under. But how do you decide which one is the right one for you? With so many on the market it can be tough to know which will provide you with the best possible [...]
The top four Umbrella Company myths – busted
If you’re currently in permanent employment but are considering taking the leap into contracting, one of your business model options is to use an Umbrella Company. Whilst this professional step into self-employment is an exciting one, you may have heard a few ‘myths’ which might have made you question your decision. But is there any truth in these myths, or [...]
What happens when I come to the end of my assignment?
Coming to the end of your assignment without anything new on the horizon can be a daunting time so SG Umbrella supports our employees in finding their next contract. We have been working with contractors for over 25 years and have seen both ltd company and umbrella contractors come to us from a large variety of sources. We have put [...]
The Agency Conduct Regulations – should you opt-in or opt-out?
In 2004 the Conduct of Employment Agencies and Employment Business Regulations 2003 was born, with a goal of enforcing a set of minimum standards to which the UK’s private recruitment industry must abide by. These standards apply to both employment agencies and businesses who provide temporary and/or permanent staff to end hirers / clients. How do the regulations affect contractors? [...]
Umbrella Company FAQs
What is IR35 or “off-payroll legislation”? IR35 is the short name used for the 'intermediaries legislation', which is a set of tax rules that apply to you if you work for a client through an intermediary – which can be a limited company or “personal service company” which is how many contractors operate. Contractors in a labour supply chain, operating [...]
Budget 2021 – what does it mean for contractors?
Although Rishi Sunak’s budget today didn’t repeal the off-payroll legislation change due in April as we might have hoped, it’s not all bad news for contractors. With the economy expected to recover to pre-Covid level by mid-2022, the Chancellor set out his plans for supporting the recovery and subsequently recovering some of the cost associated with the pandemic. For contractors [...]
5 Benefits to contracting under an Umbrella company
With IR35 legislation changes just around the corner many contractors may be considering their options, one of which is whether to contractor under an Umbrella, rather than through their Limited Company if found inside IR35. But whilst one of the main reasons which put contractors off the idea of using an Umbrella is a reduced take home pay, there are [...]
Working inside IR35? You could work under an Umbrella company
Are you inside IR35 and unsure what to do? An inside status determination doesn’t mean you’ll have to reject the contract or go permanent, and working under an Umbrella company could be the best option for the duration of your contract. So what does an Umbrella company actually do? The Umbrella creates an overarching contract of employment between yourself and [...]
Furlough extended until March, Job Retention bonus scrapped
It has now been confirmed that the Coronavirus Job Retention Scheme has been extended until 31 March 2021. From 1 November 2020, employers can claim 80% of an employee’s usual salary while they’re in furlough, up to a maximum of £2,500 a month. Any employee that was employed and on payroll on 30 October – providing the organisation has made [...]
How does an Umbrella company actually work?
When venturing into your contracting career, one of the first things you’ll need to consider is whether you want to contract as a Limited Company, or through an Umbrella company. But what actually is an Umbrella company and how do you choose one that’s right for you? In this blog we explore just that, and why using an Umbrella company [...]
Economy rebuild measures announced
The government today announced what they refer to as their next step in rebuilding the economy. Their focus is very much around preventing unemployment whilst gradually stopping the furlough scheme, boosting the hospitality sector and kick starting the housing market. The measures announced are: Furlough bonus £1,000 bonus for keeping furloughed staff until January 2021 – Employers who have furloughed [...]
Coronavirus Business Support Measures Explained
This guide covers all of the business support measures announced by Rishi Sunak in March and is being updated as and when new initiatives are launched or changes are made to existing ones. Please bookmark this page to keep up to date. Last updated 17th August 2020: Additions to Grants for the self-employed Contents Coronavirus Job Retention Scheme Local authority [...]
FCSA Accreditation
We’re delighted to announce that SG Accounting and SG Umbrella have been added to the accredited members list of The Freelancer and Contractor Services Association (FCSA). To become an accredited member, we’ve had to undergo an independent and rigorous assessment of our business services, operations, policies and processes, all of which have been examined to ensure adherence to FCSA compliance [...]
Detailed Autumn Budget Report 2017
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. The 2017 Autumn Budget represents the first step in the government's new Budget regime, which sees the main Budget now being presented in [...]
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