Financial and legal issues affecting IT contractor companies, including IR35.
All about umbrella companies.
How do I get paid? Strange...
27th April 2017, 08:51
For discussions relating to enquiry letters being sent out by HMRC.
ICS EBT Loans - No comment...
Debates on tax, IR35, T&S and the impending zombie apocalypse.
IPSE CC Elections
26th April 2017, 13:36
To discuss the changes to PS contracts that are due later this year.
Dust settles - what happened?
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...
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...
Updated 23 June 2016 - This got out of date so am doing a bit of rehash.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,...
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...
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.
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)...
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...
Just doing my personal tax return (SA) and I remembered a couple of things
I forgot to charge my ltd company daily ｣5 subsistence for a period of 5months for a contract i did last year. All that 6months fell within the 06/07 tax year as well as within company 1 financial year(i.e jan-dec) for...
Currently work for own LTD co but have the chance of buying a property to renovate and sell on. If at the end of my current contract i decide to spend the 3 months on Plan B do i still remain an employee of Plan A LTD Co and just suffer the extra tax on the profit i make from PLAN B or do i need...
I would like advice regarding domain names. I have purchased 10 domain names for my business which need re-newing every 2 years. They cost ｣6.00 each.
For my corporation tax purposes, would I class these as capital allowances or expenses?
Many thanks for any advice.
Despite me explicitly warning Hays that I would be invoicing VAT from December, they processed my timesheet for November as a VAT invoice. Now they won't pay me until I resend a VAT invoice for November.
My official VAT registration date was from December 1st 2007, I have 3...
My current accountants are OK in that they look after all my invoicing clients and banking money etc., but I would be interested in getting someone who is more pro-active in offering advice on business/personal finance.
I have around 150K sitting in a cater allen reserve business account which actually earns a good rate of 4.8% gross so 3.84% after corp tax. With RPI interest over 4% this means the money isn't even keeping its head above water :frown
what is the best thing to do with this amount of money?...
I run my own limited, my other half is the company secretary and works part-time for the company doing books and other smaller bits of work for another client we have... maybe 16 hours a week or so...
We're looking to put our 2yr old into Surestart childcare, is there any help available towards...
I've recently been thinking of moving to Danbro coz I used their calculator online which shows the Gross Taxable = Income - Expenses simply. It isnt subtracting Employers NI from the income but at the same time not taking any tax on it. As a proof, I asked them to send me a sample payslip to...
Hi, Im just starting my 1st contract and the company I will be working for have put forward a company called work2live as company to use as an umbrella company, but just wanted to see if anyone here has any experience with them?
Plus some BBC Comments
I am looking into taking money out of my business account. I emailed my accountant and he said that because on my P45 I have no income details,
I am able to take out between now and the end of the financial year 35k in
dividends, tax free. He mentions that this is the best tax...
guys, It's my impression that if I have to submit holiday forms then that would fall under D&C and be an indicator for IR35 inclusiveness
What are your thoughts.
My agency is pressing me for weekly timesheets.
If I am invoicing weekly might it affect my IR35 standing with HMRC?
Weekly payment is closer to how an employee is paid.
I am guessing one of the ways promote non-IR35 status is to delay invoicing based on the cash flow of my client....
My previous Managed Service Company (3 letters, first letter J) has sent me a ｣3500 tax demand for 06/07. I think they have decided they need some more money as this did not happen the previous year, and they shut down all the MSC thanks to Gordon's ruling. Can I fight this? Probably not, since I...
Im contemplating going permie around Feb-March next year. My company year runs to end Nov, so I expect to be running my Ltd for about 3-4 months into the next company year. Im currently with SJD, does anyone know what happens when I need to complete my company returns etc for the few months I...
I知 going into a joint venture with an old school friend where we値l go 50/50 on everything. It will be a web/software project in which we値l share costs and revenues
She wants to form a new Ltd for it so I知 wondering will I be better off just personally owning ｽ of this new ltd or would it be...
I've read a lot of discussion on here about income shifting, what to do with large surplus of money, buying investments through ltd co etc. etc. and I'm curious as I haven't found an answer to this yet - what qualifies your ltd co as an "investment company" if it does start buying shares etc. ?
I was wondering how a small UK based limited company could start up a contracting business in another (non EU) country.
Lets say the UK company was in profit and wanted to use some of this profit to buy an office in country x.
I can't believe HMRC would allow money to leave the...
After being made redundant a month ago I have just taken my first contract back at the company that made me redundant! As I am new to contracting I am looking to set up an umbrella arrangement for a couple of months while I get myself settled in the contract with a view to setting up...
Got a letter from IR today saying that for 2005 - 2006 my NI contributions were not enough for it to go towards a qualifying year of pension. It said
'our records show you contributions in 2005-2006 fell short by 52 weeks and you need to pay xxxx to making it a qualifying year'
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