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In the world of freelance and contract work, navigating taxes, invoices, and legal requirements can feel like a complex labyrinth. This is where umbrella companies step in, offering a streamlined solution for both contractors and the organisations they work for Understanding Umbrella Companies Imagine an umbrella company as a protective shield, encompassing both contractors and […]

Rocket Paye is thrilled to announce its recent achievements, marking a significant milestone in our commitment to excellence and compliance. In the span of just one month, we have successfully obtained two prestigious certifications—SafeRec and Professional Passport Accreditation. These certifications underscore our dedication to ensuring the highest standards of professionalism, transparency, and compliance in our […]

As autumn leaves fall and the temperature drops, the financial landscape in the UK experiences its own season of change with the release of the Autumn Statement. The eagerly anticipated update, presented by Chancellor Jeremy Hunt last week, outlined the government’s fiscal plans and economic policies. It’s important for Businesses and Workers to understand the […]

Umbrella companies play a crucial role in the UK’s flexible labour market. They provide a convenient way for contractors and agency workers to receive their pay, manage their taxes, and simplify their financial affairs. Rocket Paye stands out as an umbrella company you can trust, ensuring that your financial well-being and employment rights are protected. […]

Pay As You Earn (PAYE) is not exactly a tax, but rather a sophisticated system for collecting income tax from earnings. The main concept is that the employees have to have the correct amount of tax deducted from their earnings payments during the tax year, which runs from 6 April of one year to 5 […]

A PAYE umbrella company is a UK limited company, operated by a third party acting as an employer on behalf of its contractor employees. A contract is signed between the umbrella company and the worker who will be carrying out the assignment. The umbrella provides a payroll service to its employees, deals with administration, processes […]