Our blog
Crypto nudge letters from HMRC – did you get one?
Whilst cryptocurrency may seem like a relatively new concept, since its inception back in 2009 it’s fast becoming one of the most popular forms of investment. So if you’ve already taken the leap and invested, do you understand the tax implications? HMRC are quickly realising how much profit people are making, and therefore how much tax money there is to [...]
What are the benefits of using an Umbrella Company when contracting?
If you’re just starting out in the world of contracting and considering your options when it comes to Limited Company vs Umbrella, you may be wondering what an Umbrella Company even is. In this blog we explore the benefits of using an Umbrella Company, and how it can benefit you. What is an Umbrella Company? An Umbrella Company is a [...]
The Autumn Statement 2023
Chancellor Jeremy Hunt has just finished delivering his Autumn Statement 2023, which he’s hailed a ‘huge boost’ for British competitiveness in his statement for growth. A series of measures were announced with the ‘overall impact of £20bn a year within the decade – the biggest ever business boost for business investment in modern times’. The headlines are as follows, with [...]
Staying on the right side of the taxman – how to spot a non-compliant Umbrella Company
Umbrella Companies have proven to be a lifeline for those contractors who are either inside IR35, or need the flexibility of an umbrella for their current contract, to ensure their tax obligations are being met. Sadly the umbrella industry is unregulated, and therefore not all Umbrella Companies are compliant, and some run tax avoidance schemes which may seem tempting from [...]
SG Umbrella’s essential tips for new Umbrella Company Contractors
If you're brand new to contracting or just switching over to an Umbrella Company for the length of your contract, you may be unfamiliar with how it all works. This blog is specifically tailored to first-time users of Umbrella Companies, and provides valuable tips to help you get as much out of the experience as possible. Understand your take-home pay [...]
Beginners tips for a first time Umbrella company contractor
Congratulations on your decision to start a career in contracting! What an exciting and freeing career you’re about to embark on. Whilst there’s plenty of elements to look forward to, there’s lots of decisions to be made before you start your first contract. One of those decisions is whether you’ll form your own Limited Company and contract through it, or [...]
The Spring Budget 2023
Spring Budget 2023 Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Driving business investment The Chancellor announced a £27 billion transformation of capital allowances from April this year, which will include the Full Expensing of investment [...]
The Autumn Statement 2022 Full Report – what it means for contractors
Since the reversal of Liz Truss’s tax policy changes last month, new PM Rishi Sunak and Chancellor Jeremy Hunt have promised a new statement, concluding that now is the right time to proceed with a package of tax cuts. In today’s statement there was a focus on energy prices & Covid, as being responsible for necessary tax increases. Taken together [...]
BREAKING NEWS – Repeal of IR35 reforms and back track on Corporation Tax
Jeremy Hunt, The Chancellor of the Exchequer, has today scrapped the plans to repeal the Off-payroll IR35 Reforms, which had been announced by Kwasi Kwarteng on 22 September 2022. As part of his ‘Growth Plan’, Kwarteng had set out a number of tax cuts designed to support the growth of the British Economy. However, following widespread criticism and instability in [...]
MINI BUDGET SEPTEMBER 2022
The mini budget - what it means for contractors Well that was a big U-TURN affecting the contracting industry! The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected. Repeal of the IR35/off-payroll working legislation from April 2023 is welcome news for our industry. Since 2017 for the Public [...]
Are Umbrella Company employees entitled to sick pay?
When contracting under an Umbrella Company you’re entitled to the same employment rights as any other permanent employee, but what about sickness? In this blog we explore your rights, and how you go about claiming sickness pay. Sick pay entitlement when using an Umbrella Company Currently you’re entitled to the same levels of sick pay as the current Statutory Sick [...]
Umbrella Company glossary of terms
If you’re considering a career in contracting and doing some research about what it involves, you may be wondering what certain terms mean, and how they could affect you. In this glossary of terms we debunk the main terms you’ll come across as a contractor, to help you navigate your way through the world of Umbrella Companies. BACS – stands [...]
Get paid what you’re worth – with our top tips on negotiating your contract pay
The cost of living is now at an all-time high, and with rising energy prices, an increase in National Insurance and fuel at an average of £2 per litre, the UK is an expensive place to work and live. So how can your career in contracting still be as lucrative as it always has been? One way you can reduce [...]
Helping our employees source their next contract
Finding your first or next contract as an Umbrella employee can be daunting, but fear not! In this blog the expert team here at SG Umbrella will take you through their top tips on finding your next gig, and give you advice on how to find your future contracts. Tailor your CV to sell yourself and your skill set Contractor [...]
The Spring Statement 2022 – what it holds for contractors
In this blog our MD, Daniel Mepham, shares his thoughts from the March 2022 Spring Statement. A much anticipated Spring Statement was delivered on March 23rd by Chancellor, Rishi Sunak against a backdrop of war in Ukraine, post pandemic super spending and an ever increasing rate of inflation. With that in mind I was expecting some headline grabbing announcements. I’ve [...]
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