Financial and legal issues affecting IT contractor companies, including IR35.
All about umbrella companies.
FPS (freelance professional...
For discussions relating to enquiry letters being sent out by HMRC.
Rangers Tax Case Supreme...
Debates on tax, IR35, T&S and the impending zombie apocalypse.
How many contractors does it...
20th March 2017, 13:36
To discuss the changes to PS contracts that are due later this year.
Any point to IR35 Insurance...
This is my first post - so be kind please!!!
Has anyone here used an online pension manager, like Nutmeg, for a private pension? By this I mean contributing funds straight from a ltd company tax free?
I've met two Independent Financial Advisors who manage pensions for ltd...
Updated 23 June 2016 - This got out of date so am doing a bit of rehash. I've added any new ones, taken off some that seem to have disappeared and given a nod to some of the Accountants that are actively giving good advice on the forums but don't seem to have been recommended by posters.
OK so it's not so short any more. This information has been compiled based on experience, and expert advice. In response to the numerous emails and PMs I get concerning the fluid and uncertain environment for working in Belgium, I have tried to summarise the issues and pitfalls,...
This place is going to get swamped very soon, so just to let you all know that you can post about the Public Sector and IR35 changes here:
Public Sector IR35
Any posts regarding PS IR35 will be moved there.
Here is a place for those 101's that people seem to forget/not know.
Try and make the title easily searchable.
This thread is stuff that we have learned over the years. But we expect people using this forum to do their own due dilligence - we point them in the right direction, it's for them...
Posters have been turning up indignant that agencies are demanding extra information from them mid-contract.
To which the answer is: suck it up. The Government has legislated that agencies have to collect information and pass it onto them.
The Income Tax (Pay As You Earn)
(Amendment No. 2)...
How many more times....
a) It's about the journey, not the client and not why you are there
b) Go to the known (or anticipated) end date of your current gig.
c) Count back 24 months by the calendar.
d) If between those two dates you have spent less than 40% of your time at that...
Welcome to the Loans thread.
To date loan arrangements have been discussed in many threads on CUK, regularly appearing in the BN66 thread diluting that thread and losing the concentration of information to those associated only with loans and not with S58 FA2008. Its time that loans had its own...
I have a friend that is in a bit of a pickle. He's on a very decent rate, but has been 'advised' all sorts of 'advice' from his French accountant.
UK national, resident in France (lived there for a few years now).
Client is American company, invoices UK client's...
I'm about to start a contract role shortly. And I was thinking of going the umbrella route for two reasons. Which is because I will only do the contract role for a maximum of 6 months. After that I'm planning to leave the UK for another European country.
Second which I'm still...
Im an IT contractor and my wife is now going contracting in Accountancy.
She's won a 4 month contract and we are going through process of getting the ltd company created et al.
She wants to do her own accounting and she is happy to learn as she goes by looking at how my accountant...
I'd appreciate anyone's knowledge of this, if you are familiar with accounting and HMRC rules.
I was working from home, 37h per week on software projects. The only change I have is that I am now travelling (also connecting with various eCommerce and entrepreneurs) it is really...
Has anyone come across Touchstone before?
I was approached by them with the following proposition...
Most directors pay themselves via salary and dividends, resulting in high corporation and dividend tax bills, with no funds being used to benefit the future trade of their business.
Are you going to move off the FRS?
Hi. Apologies for long post.
So this was pretty well covered here though governments will meedle so times have changed. Notably taxes on divs.
Having made a company contribution to my sipp what I'm trying to work out is whether to make a personal contribution to same up to the amount of my...
Thoughts on getting an electric vehicle as a company car?
Am at the point where I've maxed my dividends already for the current tax year, so aside from pension contributions, looking for other productive ways of using the money accumulating in the company accounts (as well as reducing CT...
I am working from Home. I am moving to a Mexican client next month. I have a limited company in UK at the moment and billing agency/client via this limited company.
My question is - why do I have to bill my agency/ client via a UK based Limited Company? Can I not open a company in one...
To cut a long story short my partner has decided she no longer wants to be in a relationship with me so has packed her bags and headed to her parents.
We are currently in the process of coming to an arrangement of what she wants cash wise to hand the equity in the house over to me,...
Plan to increase National Insurance scrapped - BBC News
More info will appear shortly one would presume.
Not a major thing in the grand scheme of things but every little helps. (until they take it by other means..)
I'm a PS contractor and just got offered a new contract by the agency I'm currently working through.
I'm looking for someone with a legal background to review it. It should not be purely IR35 focused but also covering the points I should consider before I enter into the contract...
I have recently been put forward for some contract roles through a recruitment agency. The agency have asked me to inquire about either setting up a limited company or using an umbrella company.
Last night i phoned a company called Compare the Umbrella (comparetheumbrella.co.uk). They...
I thought the forums would appreciate an update, I recently had an huge issue with ClearSky (see link below)
I had figures through that came as a massive shock, I was told I owed a large amount of...
Hey kids. HMRC have updated their guidance around the Flat Rate Changes. As I'm such a nice chap, I've cut and pasted the relevant sections:
Nothing more than clarification really.
Hi CUK - Having permd for 20 years plus, I've decided to take the plunge into contracting.
The choice is endless.
Do I focus on just getting the company formed and setting up a Business Bank account?
Or, do I just take the plunge tomorrow with any accountancy firm?
My head is currently...
New to the community and after years of using a contractor specialist (who I wont name), I have decided to take care of all my tax and accounting affairs to see how complicated it can be.
My year end is aligned with the financial year and I was just wondering if there were any...
When filing company returns on the HMRC site why is it that the company accounts section which requires tax figure for P&L has to be filled out before you get to the tax computation part?
Looking to remortgage based on my own contractor income, went to current one (Barclays) who only looked at my self assessment income which was low last year as I retain profits for warchest and split divvies. So they couldn't loan me what I need.
Is there a bank/company that will lend based...
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