More contractors are considering umbrellas because of IR35 reforms

One of the biggest reasons for the introduction of IR35 reforms to the private sector has been because of the prevalence of Personal Service Companies (PSCs). The Government originally saw the ‘exploitation’ of PSCs as a vehicle for ‘tax avoidance’ when IR35 was first introduced in 2000. Although the term PSC isn’t actually defined in […]

Due diligence is critical to finding the right umbrella company post-IR35

We put heavy emphasis on due diligence when it comes to umbrella companies at Greatpay. Umbrella companies can be hugely beneficial to both new and experienced contractors. A good umbrella can handle a contractor’s admin for them, help keep them tax-compliant, provide same-day payment services and much more besides. The level of service a good […]

IR35 is finally here – How an umbrella can help you out

After years of debate and delay, IR35 reform for the private sector has finally arrived. The legislation finally became active on 6 April 2021, bringing private sector contractors in line with the public sector, and changing the way contracting is done in the UK. First announced in 2018, they were supposed to be implemented in […]

Will it be harder for UK contractors to get a mortgage with April’s changes to IR35?

IR35 reform is finally being implemented on 6 April 2021. The legislation is targeted toward the private sector, to align it with changes to IR35 made to the public sector in 2017. The introduction of the reforms means the onus of declaring whether a worker falls under IR35 or not moves from the contractor to […]

Contractors get ready – IR35 reform is almost here

IR35 reform has been one of the most controversial and confusing sagas ever seen in the legislative world. It’s driven a real wedge between a lot of contractors and their end-clients, has seen groups formed across the UK to protest the reforms, and has been consistently criticised by some prominent MPs. The most amazing thing […]

The impact of Covid-19 on UK contractors – how umbrella companies can help

Coronavirus has had a devastating impact on the United Kingdom. Not just in a public health sense, but in an economical one, too.  Persistent lockdowns across the country over the space of a year has seen the economy take a sizable hit, and seen numerous businesses close their doors permanently. The squeeze has been particularly […]

New to contracting? Here’s how you could get more take-home pay

The Coronavirus pandemic has changed the way the UK does business for the foreseeable future. Some changes have been positive; traditional ways of working have been uprooted for new methods thanks to digital comms. Platforms such as Zoom, Microsoft Teams and others have shown that people can work from home as effectively as they could […]

MAG announcement shows contractors’ need for payroll solutions post-lockdown

The lockdown has officially begun to ease up, with non-essential business set to begin trading from mid-June. One sector that has continued on throughout the pandemic in various forms, though, is the construction sector. We’ve previously written about HS2 being given the green light, and the enormous opportunities it brings for contractors from all backgrounds. […]

IR35 hasn’t been lost in Covid legislation – here’s what contractors need to know

Contractors across the UK are finding themselves in a strange position when it comes to IR35. We wrote a warning in April this year that, even during the height of the Coronavirus pandemic, contractors and companies still had to make sure they were IR35 compliant by April 2021. Amidst the outbreak of Covid-19, though, and […]