We've Got Your Finances Covered.
Make The Most of Your Contracting Today!
BLACK & YELLOW
Your Trusted Accounting Professionals
Being part of the flexible workforce requires reliable support for timely payments, accurate tax handling, and insurance coverage while working with your client. Black & Yellow specialises in taking care of these essential aspects, offering top-notch services to ensure the smooth operation of your contracting business.
Today, our team of experienced accountants provides top-notch financial services to a wide range of clients. With a focus on accuracy and integrity, we continue to strive for excellence in all that we do.
Black & Yellow Service
Payroll
One payroll regardless of the number of agencies you use
Employment
Continuous employment offering statutory employment benefits and credit references
Quick & Easy Payment
A SMS message notification every time you are paid
Taxes
Your taxes calculated and paid to HMRC
Pricing
Only pay a fee when you are billing through Black & Yellow. No hidden fees or set up costs.
Insurance
Your insurances covered in the fee you pay
NEW CONTRACTORS
Embrace the best of both worlds by joining the Black & Yellow contracting team - a unique blend of employment benefits and contracting freedom. Enjoy the freedom to handpick projects and set your working hours while leaving all administrative tasks to us. Our dedicated onboarding team will guide you through the setup process, ensuring a smooth transition. Once you gain clearance to work in the UK, our straightforward billing system will streamline all financial transactions through your agency for full PAYE compliance. Benefit from a personalised point of contact, receive handy SMS notifications for fund transfers, and focus on honing your skills while we expertly handle all backend operations.
Existing Contractors
If your current arrangement is not meeting your expectations, consider Black & Yellow as the answer to your needs. We are dedicated to ensuring smooth operation of your administrative tasks. Working closely with your agency, we handle contract-related finances and take care of all tax and insurance obligations for your contracting requirements. When you join forces with us, you will be assigned a consistent contact person to address all your questions, offering a reliable point of contact whenever you need assistance. Receive payment notifications directly to your mobile phone via SMS for funds deposited into your bank account. By guaranteeing seamless business operations, you can focus on excelling in your core competencies while entrusting the rest to us.
UNIQUE APPROACH
Our Fresh Perspective on Accounting
At our accounting firm, we have developed innovative strategies to provide clients with a fresh perspective on financial management. By thinking outside the box, we offer creative solutions tailored to each client's specific needs.
Our team's commitment to thinking creatively has allowed us to streamline processes, increase efficiency, and ultimately help our clients achieve their financial goals. Experience our unique approach to accounting today.
FAQs
Is There a Registration Fee?
There is no registration fee when you enrol with us at Black & Yellow. There is only a weekly fee at a fixed price, so you don’t need to worry about fluctuating prices.
Will I recieve a Payslip?
Yes , You will recieve it digitally
Do I need to complete a Self Assessment?
You will receive a P60 at year-end. All tax and NI deduction are calculated from your Black & Yellow payment and HMRC will be notified in Real Time (RTI). Unless you receive income from other sources then you shouldn’t need to complete a self assessment.
Can I Claim My Expenses?
No you can't claim expenses through Black & Yellow Service.
Am I Self-Employed If I Use An Umbrella Company?
When you join Black & Yellow, you become an employee of Black & Yellow Umbrella. Therefore you are technically not self-employed.
How Can I Get Started With Black & Yellow?
To begin the process, please email Join@blackandyellowumbrella.com and a registration form will be sent to you. In order to proceed, you must provide us with identification verification, proof of residency, and your P45 form from your previous job. We will reach out to your hiring agency to secure a copy of your assignment contract to review your rights and ensure there are no conflicts with your employment agreement.
Upon joining, you will become an employee under an overarching contract with Black & Yellow Umbrella Company Ltd. This arrangement allows you to undertake a series of assignments with different agencies or clients. A contract will be established between us and your agency or direct client to authorise your assignment. Your tasks will be carried out at the client's location, and you are required to notify us of the hours worked for invoicing purposes.
The invoiced amount will cover your earnings as well as employment costs such as National Insurance contributions and our service fee. Rest assured, you will be notified via text or email once your payment is processed and en route to you.
What is IR35, and How Can Black & Yellow Assist?
The IR35 legislation was extended to the private sector in April 2021 to align the responsibilities of medium and large private businesses with those in the public sector. This change means that the end-client, rather than the contractor, is now responsible for determining employment status. The public sector had already implemented this shift in 2017.
The off-payroll rules don’t apply when:
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The contractor does not work through a limited company
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The private sector end-client is classified as ‘small’ (Companies act 2006)
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If the off-payroll working rules apply, the fee payer (usually the recruitment agency) will carry the responsibility for deducting the correct Income Tax (PAYE), National Insurance contributions and Apprenticeship Levy before paying HMRC.
Black & Yellow Umbrella, as an umbrella company, presents a cost-effective solution with various advantages, including statutory benefits like sick pay and holiday pay. Additionally, Black & Yellow Umbrella provides an employee benefits platform for its staff.