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Chancellor Rachel Reeves announced in the Budget 2024 (Wednesday 30th October 2024) that the Employer’s National Insurance rate will increase from 13.8% to 15% from April 2025. In the article, we examine the potential implications of this increase on umbrella company employees and provide some examples. We also offer advice to umbrella employees to help ensure the rise has a minimal impact on their take-home pay.

The Churchill Knight Group has been acquired by Magi GJJ – a group of business professionals with extensive experience of building recruitment and recruitment payroll business portfolios, who are thrilled to be part of the exciting next chapter of our group of company’s growth. The new takeover will have zero impact on the Churchill Knight Group’s operations, and it is business as usual. Keep reading to learn more.

Today (30th October 2024), the Chancellor of the Exchequer, Rachel Reeves, presented Labour’s first Budget in 14 years to Parliament. The Autumn Budget 2024 pledges to raise around £40bn for government programmes focused on "national renewal" and narrowing the growing "black hole" in public finances. Our latest article highlights the key announcements in the Autumn Budget 2024.

As part of a pension salary sacrifice arrangement, you agree to give up a percentage or fixed amount of your salary in order for your employer (for example, your umbrella company), to make a larger contribution to your personal pension pot. Continue reading as our latest article discusses the benefits of pension salary sacrifice.

Our latest article provides an economic review of September 2024. It explores key areas such as the growth of the UK’s economy, interest rates set to gradually decrease, national debt, and the latest in the global markets.

As an umbrella company employee, the Pay As Your Earn (PAYE) system automatically deducts tax from your wages. However, there are instances where you will be required to submit a tax return to HMRC. Continue reading to discover when contractors using an umbrella company need to submit a self-assessment tax return.

In a recent article, we highlighted the risks that contractors and freelancers face when searching for a compliant umbrella company online. Frustratingly, while most umbrellas provide a trustworthy and compliant service, tax avoidance schemes are posing as compliant providers, and engaging with these companies could land you in serious trouble with HMRC. Keep reading to learn more about the common differences between compliant umbrella companies and tax avoidance schemes.

Google is a wonderful tool. However, searching for your next umbrella is not as simple as searching for “umbrella company” and opting to join the first provider you discover. In this short article, we provide some helpful tips to help you search online for an umbrella company you can trust.

Umbrella companies offer a straightforward and compliant way to get paid as a contractor. You can register for the service and be set up and ready to get paid in minutes. So, how exactly does an umbrella company work?

Before registering with an umbrella company, it’s a great idea to request a tailored take-home pay calculation to determine how much your net pay could be for a temporary assignment. But what exactly is an umbrella company calculator, and how does it work?