What Is A FCSA Umbrella?
A new study by the Freelancer and Contractor Service Association (FCSA) shows that more and more highly skilled professionals in a number of sectors are taking work under one roof. In a statement on its website, the company points to the fact that FCSA-accredited umbrella companies cannot operate offshore programmes, which is an important differentiator. In a statement on its website, the company points to the fact that FCSA-accredited umbrella companies cannot operate offshore schemes, which is an important differentiator. A source in the umbrella market who spoke to Computer Weekly on condition of anonymity supported Pluck’s assertion that FCSA members have been able to conduct some of their business offshore for some time, but said the ambiguity of the wording in the revised charter was a red flag.
What is the FCSA umbrella organisation?
The FCSA is the Freelancer and Contractor Service Associate, the UK’s leading trade association working to raise standards and promote supply chain compliance in the temporary market. Needless to say, umbrella companies with FCSA accreditation offer peace of mind to contractors who understandably want to avoid illegal arrangements at all costs. One of the first and arguably most important things to find out is whether or not an umbrella company is FCSA accredited.
What does FCSA mean?
We took a look at some press releases from FCSA members who have just received accreditation. To receive the prestigious FCSA accreditation, umbrella companies, contractor accountants and CIS payroll specialists must be able to demonstrate that their internal procedures meet the strict FCSA Codes of Compliance. The FCSA’s approach to auditing accredited members involves open book accounting as a copy of the audit file is submitted to HMRC to ensure full transparency. An FCSA accredited member is a service provider – i.e. an umbrella employer, freelance accountant or CIS payroll provider – that has been independently audited to confirm that it complies with the strict Freelancer & Contractor Services Association (FCSA) regulations and a copy of the audit report is submitted to HMRC for full transparency.