The warning signs of a tax avoidance scheme and the associated risks - FI

The warning signs of a tax avoidance scheme and the associated risks

If you’re required to use an umbrella company for your payroll, it’s understandable that you may decide to shop around and choose the umbrella company that offers the highest take home pay retention. However, as we’ll explain in this article, all umbrella companies (the compliant ones) will process your payroll identically, and your retention between providers shouldn’t vary. However, there are unscrupulous tax avoidance schemes out there that’ll offer you noticeably higher pay retention – sometimes upwards of 90%. While using one of these arrangements may be tempting, we urge you to avoid them at all costs. Keep reading, and we’ll explain the warning signs of a tax avoidance scheme and why they should be avoided.

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Umbrella company illustrations: a checklist for contractors and freelancers - Blog FI

Umbrella company illustrations: a checklist for contractors and freelancers

Calling all contractors! If you’re new to umbrella companies, don’t just pick the provider that quotes you the highest take-home pay retention! Many umbrella company illustrations are inaccurate and have been unethically inflated to trick temporary workers into signing up with one provider over the competition. Don’t fall for misleading and naughty tactics from unscrupulous providers! Please keep reading and stay ahead of the game. And, before you shop around, try our free and instant umbrella company calculator.

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New online umbrella company calculator - Blog FI

New umbrella company calculator aims to eliminate confusion amongst the UK’s temporary workforce

For years, umbrella companies have confused the UK’s temporary workforce. And, with umbrellas experiencing demand like never before, more and more contractors, freelancers and agency workers are approaching umbrella companies for the first time. To help make life easier, Umbrella Company Calculator has launched a brand new tool designed exclusively for temporary workers. The new umbrella company calculator is a free tool that can be used an unlimited number of times. It’s designed to be transparent and provide temporary workers with an accurate and realistic take-home pay calculation. Keep reading, and we’ll explain more about Umbrella Company Calculator and why it’s worth trying out.

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