2024 Autumn Budget – Everything you need to know
QPS overview of the autumn Budget 2024: what recruitment agencies need to know The Autumn Budget 2024, released by the Labour government, introduces sweeping changes that heavily impact recruitment agencies, umbrella companies, and contingent workers. Key measures include increased employer National Insurance Contributions (NICs), tightened compliance regulations, and bolstered enforcement resources, directly influencing both the financial and operational frameworks of agencies. Here’s […]
What the Bank of England’s interest rate cut means for recruitment agencies and contract workers
Today, the Bank of England announced a significant reduction in the base interest rate, aiming to ease financial pressures amidst tightening economic conditions. For recruitment agencies and contract workers, this rate cut has the potential to bring both opportunities and challenges. While borrowing costs may drop, the lowered interest rate could affect earnings from savings, […]
How to identify and protect yourself against uncompliant umbrella companies
As more professional contractors in the UK seek efficient ways to manage their finances and taxation, umbrella companies have become a popular choice. An umbrella company acts as an intermediary between contractors and their clients, offering streamlined solutions for payroll, taxes, and administrative tasks. However, not all umbrella companies operate ethically, and some might engage […]
Essential records you should keep as a small business owner
Being your own boss offers many advantages, but for many small business owners, the task of managing financial records can feel overwhelming. If you’ve recently become self-employed and are unsure about the types of records you need to maintain, and for how long, this guide provides a straightforward overview. Why keeping business records is important […]
A guide to securing a contractor mortgage
Have you had trouble securing a mortgage because you’re a contractor? You’re certainly not the only one, and there are many reasons why this happens. As someone working as a contractor or operating your own limited company, you’ve probably been given plenty of advice—whether you wanted it or not. Often, this advice paints a bleak […]
The Labour manifesto – key highlights and insights
Understanding the Labour Party’s 2024 manifesto: Key insights for businesses, workers, and the recruitment sector In the wake of the Labour Party’s landslide victory, the UK stands on the brink of significant change. The 2024 manifesto presents an ambitious plan aimed at transforming the economic and social landscape with a strong focus on fairness, growth, […]
Quest Pay Solutions appoints Robert Arnold as new Managing Director
Quest Pay Solutions (QPS) is delighted to announce the appointment of Robert Arnold as its new Managing Director. With a rich background in the contingent market and a visionary approach to business growth, Robert is set to lead QPS into an exciting new era of innovation and expansion. Robert brings a wealth of experience and […]
