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News, insights and advice for contractors

Stay tuned to the NWM blog for our latest company news, in-depth industry commentary and insights as well as useful guides on finance and compliance for contractors.


Wed 12th Jan 2022

10 CONTRACTOR TIPS FOR 2022

Is 2022 the year you move into contracting? With over 1.77 million working as full-time contractors, you will be in good company!

Whether you are contracting through your own limited company or working through our umbrella company, working for ...

Fri 17th Dec 2021

SWITCHING FROM A LIMITED COMPANY TO AN UMBRELLA COMPANY IN 2022

A lot can happen in a year and not more so, perhaps, than in 2021; when coronavirus, UK-wide lockdowns and IR35 reforms made it the most challenging 12 months in living memory for the private sector’s flexible workforce.

There ...

Fri 26th Nov 2021

ANNUAL LEAVE AND HOLIDAY PAY

In this article, we are reviewing the current legal framework for calculating holiday entitlement for agency workers, and considering the particular challenges which this presents to umbrella companies (as well as possible solutions). As well as this, we will consider ...
Mon 1st Nov 2021

WHAT IS A STATEMENT OF WORK?

A Statement of Work (SoW) is an agreement between two businesses that typically defines key deliverables to be achieved. This will then be used to make a project satisfactorily completed and then will result in payment. They do not replace ...

Tue 26th Oct 2021

HOW TO SPOT A NON-COMPLIANT UMBRELLA COMPANY

The majority of umbrella companies in the UK operate ethically and honestly, ensuring that all statutory deductions are made and that the contractor is being paid the accurate amount. However, many businesses have “hijacked” the term “umbrella company” and have ...
Wed 20th Oct 2021

WHAT ROLE DO UMBRELLA COMPANIES PLAY?

An umbrella company is a company that contractors can join as an alternative to setting up and working through their own limited company.

When a contractor joins an umbrella company, they become their employee. The umbrella acts as an ...

Thu 8th Jul 2021

TOP TIPS TO MANAGE YOUR ACCOUNTING BETTER AS A FREELANCER

Learning to manage your finances as a freelancer can often be overwhelming.

According to Micro Biz Magazine, there were over 2 million freelancers working in the UK in 2020, with more joining . If you’re thinking about joining this ...

Wed 7th Jul 2021

5 WAYS TO AMPLIFY YOUR FREELANCE EARNINGS

With 1.4M Brits choosing the freelance route, it’s become an increasingly popular alternative to the “traditional” career route. There are a multitude of reasons why a freelance career has increased by 14% over the last decade, but the biggest one ...
Mon 28th Jun 2021

IR35: Three months later...

It’s been almost three months since the IR35 reform was introduced in the private sector, which saw medium and large businesses take responsibility for determining the IR35 status of contractors. With liability shifting from the contractor to the fee-paying ...

Mon 21st Jun 2021

What can we learn about the Robert Lee IR35 case?

It was reported this month that a tribunal judge had dismissed an IT contractor’s appeal against an IR35-related £70,000 tax bill for a second time.

Robert Lee, who worked as a contractor for Nationwide Building Society under the company name ...

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