Umbrella Companies&nbsp;An Umbrella company is an employer; one that employs contractors, freelancers and supply workers. When you join, you become their employee. You are given and are protected by a permanent contract of employment which, unlike a contract directly with an agency, remains in place even when you're in between agency assignments.&nbsp;Contractor PAYE&nbsp;Most of us are familiar with standard Pay as You Earn (PAYE). If you pick this option, it means that your agency runs your payroll. If you go with an Umbrella, they'll run your payroll instead. But an Umbrella also offers you a number of additional benefits that are specially tailored for temporary workers.

Most of us are familiar with standard Pay as You Earn...

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Umbrella vs. PAYE

HMRC has released its latest Pension Scheme Newsletter, number 130 giving updates and advice on&nbsp;managing pension schemes. The latest newsletter includes the following subjects:<ul><li>Extension to some of the temporary changes to pension processes</li><li>Managing the Pension Schemes service</li><li>Signing into online services</li><li>Self-invested personal pensions (SIPP) and small self-administered scheme (SSAS) pensions –connected tenant</li></ul>The newsletter&nbsp;can be found: <a href="https://www.gov.uk/government/publications/pension-schemes-newsletter-130-june-2021/pension-schemes-newsletter-130-june-2021">https://www.gov.uk/government/publications/pension-schemes-newsletter-130-june-2021/pension-schemes-newsletter-130-june-2021</a>

HMRC has released its latest Pension Scheme Newsletter.

Latest Pension Scheme 

With the “reversion” of Right to Work Checks from the 1st&nbsp;of July, the Home Office has released new guidance to support organisations.This guidance advises an employer how to conduct a right to work check and sets out the specific actions that can be taken to prevent liability for a civil penalty. This is called ‘establishing a statutory excuse against liability for a penalty’. This guidance applies to right to work checks conducted on or after 17 December 2020 to establish or retain a statutory excuse from having to pay a civil penalty for employing a person who is not permitted to do the work in question.The new guidance can be found:&nbsp;<a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/999119/FINAL_Employers_Guide.pdf">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/999119/FINAL_Employers_Guide.pdf</a>

This guidance advises an employer how to conduct a right to work check and sets out the specific actions that can be taken to prevent liability for a civil penalty

Changes to Rights to Work Checks 

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At Chaps we offer a full range of services and products for all your financial requirements including PAYE, Umbrella, Invoice Finance/Factoring, Chartered Accountants, HR Support
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Chaps Contracting Services Ltd

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At Chaps we offer a full range of services and products for all your financial requirements:<ul><li>Chaps Direct &nbsp;(Pay Bureau)</li><li>Chaps Umbrella</li><li>PAYE</li><li>Invoice Finance/ Factoring</li><li>Chartered Accountants</li><li>HR Support</li><li>Total Back Office Support</li><li>Up to date Industry Information</li></ul>Call our experts now: 01543 212016&nbsp;

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Chaps understands the need to work with experienced experts in our financial field, so we are very lucky to be partnered with the following companies:<ul><li>Lloyds Business factoring</li><li>Contact Business Finance</li><li>Manleys Chartered Accountants</li><li>The Chartered &nbsp;Institute of Payroll Professionals</li></ul>

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The benefits of using Chaps Contracting Services:&nbsp;<ul><li>Transparent &amp; open consultancy</li><li>Same day payments</li><li>Dedicated portal for weekly payslips</li><li>SMS of your net pay</li><li>Auto enrollment pension scheme</li><li>Fully compliant with current legislation</li><li>24/7 Support</li></ul>Experienced customer service team at hand to answer any questions or queries.

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With Chaps you have a reliable and expert partner to help ease the burden of your critical employment administration and compliance.Our payroll services provide your workforce with full employment whilst maintaining the ability to receive PAYE pay.We focuses on delivering compelling cost savings to your business and factors in boosting your employees.Whether you’re looking to fully outsource your payroll and auto enrolment pension administration, &nbsp;streamline your payroll function or simply improve on your payslip communication we have the solution for you.

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With Chaps you have a reliable and expert partner to help ease the burden of your critical employment administration and compliance.

A hassle-free umbrella companyThe way an umbrella company works. The contractor becomes an employee of the umbrella company. This means that the agency will pay the umbrella company an umbrella rate, the umbrella company will deduct its costs (such as its umbrella margin, Employer’s NI, Apprenticeship Levy and holiday pay) and the remaining amount is then payable to the contractor as gross pay. As the employer the umbrella company, deducts the necessary PAYE and national insurance contributions from the gross pay and pays you your salary.Their will be a flat fee for the agency to take &nbsp;care of your payroll an other administration leaving you with more time &nbsp;to concentrate on the work that really matters &nbsp;for your business.&nbsp;

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Our umbrella service provides temporary workers with the ability to carry in a number of short-term contracts for agencies and end-clients,

Lloyds Bank Invoice Factoring Commercial Finance is one the UK’s top providers of Receivables Finance and Asset-Based Lending. Since 1962, they have operated as a part of Lloyds Banking Group, and are currently supporting around 10,000 UK businesses, from startups to multinationals. Lloyds takes a unique, specialist approach to their funding solutions that include Invoice Factoring, Invoice Discounting, and Asset-Based Lending. They offer solutions for many industries such as agriculture, healthcare, recruitment, and construction. As the market leader in Invoice Factoring Lloyds commercial finance are the UK’s largest provider of Invoice Funding.

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Lloyds Bank Invoice Factoring Commercial Finance is one the UK’s top providers of Receivables Finance and Asset-Based Lending. Since 1962, they have operated as a part of Lloyds Banking Group, and are currently supporting around 10,000 UK businesses, from startups to multinationals.

This is where Chaps Direct run a direct PAYE bureau service on your behalf to HMRC. Chaps Direct automatically communicates with HMRC retrieving employee notices &amp; liabilities.Payroll is fundamental to all organisations. If people don’t get paid, the organisation will not exist beyond the very short term.&nbsp; Businesses that do rely on a single member of staff to handle the payroll are placing themselves in a highly vulnerable position if that person leaves or is absent. By outsourcing to Chaps, you can be sure that there is a team of professionals, managing your payroll who are accredited and trained to make your life, headache and stress free whilst ensuring a cost-effective solution.What's Covered?<ul><li>Tax Liabilities</li><li>NI (All Codes, Director annual &amp; Alternate)</li><li>Pensions Liabilities</li><li>Parental pay Liabilities</li><li>Automatic minimum wage rates</li><li>SSP</li><li>Emailed RTI reports</li><li>Automatic transition to new tax year</li><li>Payslips (Portal)</li></ul>

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In essence we are your in house payroll service. Saving you on your HR costs and ensuring that the important people within your business can utilise their time more productively and completing tasks that are more important to your business.  This is a fully compliant and easy process to set up and will give you peace of mind that your staff are being paid on time and correctly directly through HMRC. 
