If you’ve had to adapt how you’re working due to COVID-19, it’s more than likely that you now find yourself working from home. This wasn’t such a big change to those who are already used to remote working, however for many of us this was, and still is, a complete new way of working.
As the world starts to adjust to what the ‘new normal’ will look like, our sector is no different. The Government is keen to get the economy restarted and we all know how important the flexible workforce is in rebuilding a strong economy. They have already announced their plans to bring furlough to a close as they are keen to get the economy restarted.
In this article we look at the challenges around furlough for umbrella employees. In particular the frustration and confusion created by differing opinions as to whether furlough pay is calculated on gross pay or basic pay.
Steven has been working at PayStream for the past couple of years as our Senior Digital Marketing Executive. He looks after all content for the company's social media channels, as well as contributing to our email campaign strategy, SEO management, video creation, webinar hosting and literature design. We wanted to find out a little more about Steven and his PayStream journey.
With the introduction of the new legislation due in a matter of weeks you will spot a trend with this month’s newsletter – help and advice regarding the off-payroll working legislation. For instance, if you’re a limited company contractor affected by the changes, you may not be aware of how an umbrella company differs from an agency payroll, so we explain the difference between the two and the benefits that can be gained from working as an umbrella company contractor.
Working as a limited company contractor has a lot of advantages, but it does mean you're responsible for plenty of running costs. Fortunately, there are tax relief and allowances that can help you maximise your take home pay, as well as different expenses you can claim. But negotiating the HMRC labyrinth can be complicated, and it's easy to get confused over what you can and can’t claim. Here's our very brief guide to claiming expenses.