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IR35 post April 2020: Choosing a legitimate Umbrella

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    #71
    Originally posted by Grace at ADVANCE View Post
    Thanks for your input there Zeeshan.

    And to pick up on the other two aspects raised;
    1) Why FCSA? - all FCSA accredited members have to be rigorously audited by external auditors, and adhere to a strict code of practice. For more information on how companies apply for accreditation this may be a helpful starting point : How to Apply for FCSA Accreditation • FCSA !
    And how much does that all cost the new company struggling to start off? Without accreditation they can't get the business to be able to get enough clients and money to get accreditation..... Not exactly helping the industry.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #72
      Originally posted by northernladuk View Post
      And how much does that all cost the new company struggling to start off? Without accreditation they can't get the business to be able to get enough clients and money to get accreditation..... Not exactly helping the industry.
      That's one issue, another one is that some members have seriously dodgy pasts...

      But in reality the FCSA only worked when it was the only game in town for agencies looking for a hassle free compliance check - It's no longer the only game in town and I really don't think annual compliance check is going to be good enough from next April as S61O of the finance act should have made very clear.

      Sadly the FCSA didn't take the hint as to what the Government was actually expecting Agencies to do - but other solutions are coming...
      Last edited by eek; 4 November 2020, 15:08.
      merely at clientco for the entertainment

      Comment


        #73
        Originally posted by eek View Post
        That's one issue, another one is that some members have seriously dodgy pasts......
        To put it lightly!

        The fact an FCSA accreditation is starting from - emphasis on the word from - £18K; means a start-up or a smaller player in the industry do not stand a chance.

        It's, for want of a better word an attempt at monopolisation; thankfully it appears though that they're failing.

        IMO the accreditation is not worth the paper its written on, never mind £18K.

        Comment


          #74
          Originally posted by Hanbanthankyoumam View Post
          To put it lightly!

          The fact an FCSA accreditation is starting from - emphasis on the word from - £18K; means a start-up or a smaller player in the industry do not stand a chance.

          It's, for want of a better word an attempt at monopolisation; thankfully it appears though that they're failing.

          IMO the accreditation is not worth the paper its written on, never mind £18K.
          £18k and a history (lack of which will be used if your face doesn't fit)...
          Last edited by eek; 4 November 2020, 17:19.
          merely at clientco for the entertainment

          Comment


            #75
            Originally posted by Hanbanthankyoumam View Post
            To put it lightly!

            The fact an FCSA accreditation is starting from - emphasis on the word from - £18K; means a start-up or a smaller player in the industry do not stand a chance.

            It's, for want of a better word an attempt at monopolisation; thankfully it appears though that they're failing.

            IMO the accreditation is not worth the paper its written on, never mind £18K.
            Not sure where you've got this number from. There is a range, yes, but the starting cost is significantly less than £18k.

            Thanks

            Zeeshan
            Dolan Accountancy

            Contractor Umbrella

            01442 795 100

            Comment


              #76
              Originally posted by DolanContractorGroup View Post
              Not sure where you've got this number from. There is a range, yes, but the starting cost is significantly less than £18k.

              Thanks

              Zeeshan
              Try the FCSA website as it's stated on Accredited Membership • FCSA
              merely at clientco for the entertainment

              Comment


                #77
                Originally posted by DolanContractorGroup View Post
                the starting cost is significantly less than £18k.
                What's the end cost though...

                And generally these are small companies just starting out that have to dig very deep to pay that because they can't get clients on board due to the closed shop. Talk about stifling growth...
                Last edited by northernladuk; 4 November 2020, 23:01.
                'CUK forum personality of 2011 - Winner - Yes really!!!!

                Comment


                  #78
                  Originally posted by northernladuk View Post
                  What's the end cost though...

                  And generally these are small companies just starting out that have to dig very deep to pay that because they can't get clients on board due to the closed shop. Talk about stifling growth...

                  100%!

                  In January this year, the cost for accreditation was £6,250. Now it's starting from £18,000. So nearly a 300% increase in 10 months. Scandalous.

                  Comment


                    #79
                    Originally posted by northernladuk View Post
                    What's the end cost though...

                    And generally these are small companies just starting out that have to dig very deep to pay that because they can't get clients on board due to the closed shop. Talk about stifling growth...
                    You also forget the pre-requisites (again taken from the FCSA website How to Apply for FCSA Accreditation • FCSA )

                    • A minimum of 2 years successful operation and 1 year’s full accounts for the service seeking accreditation
                    • A minimum of 75 contractors successfully supported by the service seeking accreditation
                    • Minimum financial liquidity requirement of at least 2.5% of the margin

                    And yet people wonder why we regard it as an old Boys mates club.
                    merely at clientco for the entertainment

                    Comment


                      #80
                      Originally posted by eek View Post
                      And yet people wonder why we regard it as an old Boys mates club.
                      Who is "we" in this context? I see those 3 as fairly valid pre-requisites.

                      Comment

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