Reply to: *rant* Umbrellas - FCSA members illustrations / calcs - 52 working weeks FFS

[Anonimouse]

How fookin much??? Is that for real?? Linky. F me. I though it was a high bar but not that much. That's outrageous.

That was the fee quoted to me by an agent today

[eek]

Woohoo... Just an issue of kick backs now then.

you might say that, I couldn't possibly comment


and it's not a kick back

It's a marketing facilitation fee...

[northernladuk]

Yes, but it allows a chance to get on agencies PSL lists (provided you meet the agencies other criteria*)

Woohoo... Just an issue of kick backs now then.

[eek]

11.5k is still a lot of money for a business with only 50 people on the books.

Yes, but it allows a chance to get on agencies PSL lists (provided you meet the agencies other criteria*)

[northernladuk]

11.5k is still a lot of money for a business with only 50 people on the books.

[DolanContractorGroup]

They charge £35,000 membership

It's not that high.

The cost of full FCSA Accredited Membership is dependent on the size of your business and the number of models you operate. Fees for Accredited Membership and the compliance review start at £11,250.

More info here: Link

The FCSA accreditation is a simple way for the agencies / end clients to assume compliance with HMRC guidance. Nowadays I can guarantee that the number of compliance questionnaires received by umbrellas is pretty much zero, whereas previously it used to be with pretty much every new engagement!

Anyone who is not accredited can still be compliant, but trying to get that through to some agencies / end clients is like hitting your head against a brick wall. For those not accredited it is causing "difficulties"!

It depends on the requirements of the agency. I can assure you that many agencies still send compliance questionnaires, whether this is to see if they can work with us for one particular contractor, or whether they want to make changes to their PSL.

Kind regards


Zeeshan

[lucyclarityumbrella]

The FCSA accreditation is a simple way for the agencies / end clients to assume compliance with HMRC guidance. Nowadays I can guarantee that the number of compliance questionnaires received by umbrellas is pretty much zero, whereas previously it used to be with pretty much every new engagement!

Anyone who is not accredited can still be compliant, but trying to get that through to some agencies / end clients is like hitting your head against a brick wall. For those not accredited it is causing "difficulties"!

[northernladuk]

Got to keep the riff-raff away.

Plus the FCSA management need their gold plated offices..

I thought their requirement for x number of employees before they could be considered was unachievable let alone that.

How on earth do they expect to get any new business if only accredited members are being put forward so the rest can't get the numbers to be accredited. Just stupid.

I hope that is a 35k lifetime membership so they go bust next year.

[eek]

How fookin much??? Is that for real?? Linky. F me. I though it was a high bar but not that much. That's outrageous.

Got to keep the riff-raff away.

Plus the FCSA management need their gold plated offices..

[northernladuk]

They charge £35,000 membership

How fookin much??? Is that for real?? Linky. F me. I though it was a high bar but not that much. That's outrageous.

[Anonimouse]

They charge £35,000 membership

[northernladuk]

More of a box ticking exercise that is mostly worthless - I would rather have personal recommendations rather than FCSA any day of the week


Sent from my iPhone using Contractor UK Forum

This...

[GhostofTarbera]

Thanks, so not being an FCSA member does not restrict an umbrella from offering pension schemes and other salary sacrifice schemes ?
It is just about adhering to a set of standards and having a body you can use for independent appeal ?

More of a box ticking exercise that is mostly worthless - I would rather have personal recommendations rather than FCSA any day of the week


Sent from my iPhone using Contractor UK Forum

[eek]

Thanks, so not being an FCSA member does not restrict an umbrella from offering pension schemes and other salary sacrifice schemes ?
It is just about adhering to a set of standards and having a body you can use for independent appeal ?

appeal what?

It's a cartel designed to protect current members who include a set of cowboys who pulled tax avoidance techniques years back...

What the FCSA isn't doing is anything to protect the general public, they only care about protecting their membership..

Now I will say that an FCSA member is a better check than Professional Passport (who we saw advertising a tax avoidance scheme last week) but any legitimate umbrella is fine.

[Freud]

They go through an accreditation process that allows them FCSA approval/membership. The problem is they set the bar so high its crushing anyone new coming to the market so creating a closed shop.

It's not really about different offers, just that they've met the criteria of the FCSA review.

Thanks, so not being an FCSA member does not restrict an umbrella from offering pension schemes and other salary sacrifice schemes ?
It is just about adhering to a set of standards and having a body you can use for independent appeal ?