The 2025 Spending Review: An accountant’s perspective on IR35, contractor engagement, and sector readiness
The June 2025 Spending Review has generated significant discussion across the staffing sector. For recruiters and workforce providers, it promises public investment and potential growth. But from the viewpoint of an accountant working closely with contractors and recruitment agencies, the story runs deeper. This review outlines a critical moment in how contingent workers are engaged, […]
The 2025 Spending Review: Impact on the staffing sector and contingent workforce
The June 2025 Spending Review (SR25) sets a clear direction for public investment while simultaneously enforcing aggressive cost-saving measures. These opposing forces will reshape the staffing and recruitment landscape across healthcare, the public sector, education, and infrastructure. For recruitment agencies, umbrella providers, and contingent workforce platforms, the message is mixed: there are huge opportunities in […]
Joint and several liability in umbrella tax reform: Industry update
Industry update: HMRC signals move toward joint and several liability in umbrella tax reform On Thursday 12th June, HMRC and HM Treasury met with key stakeholders in the umbrella sector, including the FCSA, REC, and SafeRec, to provide early insight into the government’s direction of travel on reforms to umbrella company tax compliance. QPS has […]
We’ve partnered with Interactive Investor to boost contractor investment options
We’re excited to announce our new partnership with Interactive Investor (ii), one of the UK’s leading investment platforms, aimed at helping contractors and temporary workers take greater control of their pensions and investments. As a trusted partner to recruitment agencies and contractors across the UK, QPS is proud to bring this exclusive opportunity to our […]
Winding-up petitions from HMRC: Understanding the risks for recruitment agencies
When an umbrella company receives a winding-up petition from HM Revenue & Customs (HMRC), it signals severe financial distress, typically due to substantial unpaid tax bills, such as VAT, PAYE, or National Insurance contributions. For recruitment business owners, this situation is particularly concerning. Your umbrella providers manage payroll and employment services for your outsourced workforce. […]
Umbrella payment terms: The hidden financial risk threatening recruitment agencies
In a year where 413 UK recruitment agencies became insolvent, up 14% from the previous year, hidden financial dangers are coming into sharper focus. Among them, umbrella payment terms pose one of the most underestimated risks to agency stability and liquidity. What are umbrella payment terms and why do agencies use them? Recruitment agencies often […]
Public sector funding and recruitment: How the new financial year unlocks fresh opportunities
As the new financial year begins, public sector organisations across the UK receive fresh funding allocations, creating new job vacancies and significant opportunities for recruitment agencies. For those working in public sector hiring, understanding how funding cycles impact recruitment can be the key to securing contracts, expanding talent pools, and strengthening client relationships. Why the […]
QPS achieves SafeRec Certification, reinforcing commitment to payroll compliance and transparency
QPS Group is proud to announce that it has achieved SafeRec certification, reinforcing its commitment to compliance, transparency, and ethical payroll processing for recruitment agencies and contractors. This accreditation places QPS at the forefront of the industry, ensuring real-time payroll auditing and full HMRC compliance. SafeRec certification is recognised as the highest standard in payroll […]
National Minimum Wage changes in April – How recruitment agencies can stay compliant & competitive
With the National Minimum Wage (NMW) set to rise in April, recruitment agencies must act now to ensure compliance while maintaining competitive margins. In a tight market, even a small change in costs can impact hiring strategies, contractor retention, and overall profitability. However, in the unregulated world of umbrella providers, achieving a legitimate commercial advantage […]
How the new small company definition and IR35 changes benefit hirers and contingent workers
The UK government’s recent update to the definition of a small company is a game changer for businesses and professionals alike. With thresholds increasing from April 2025—raising the turnover limit to £15 million and the balance sheet total to £7.5 million—more companies will now qualify as small. This means fewer reporting burdens and greater operational […]
