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Updated 23 June 2016 - This got out of date so am doing a bit of rehash.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...
This is my first post and hoping someone can help with my situation. Hopefully this makes sense.
I had an accountant for the periods up until Nov2014. With this accountant I was drawing out a monthly salary and paying my tax/ni and VAT - all of these were up to date until...
I am UK resident, with address and workplace in the UK. Several times per year I commute to Poland where my family resides to spend all my PTO days. Due to family reasons I have proposed my employer remote working from Poland for several weeks per year. As a software developer all I...
I'm new to the site but not to contracting (just about to hit 10 years) and due to various things which have been rearranging themselves in my life, it looks like contracting is going to be what I'm doing for the next 20 years. I've decided based on this that I need to do some...
I currently have around £220K in my company and have already taken salary and dividends up to the higher rate tax limit. I'm mulling over whether I should take out a large additional dividend to bring my annual income up to £100K and take the 25% hit because:
1. If I take it out in later years...
Company's VAT nightmare ends with FTT victory | AccountingWEB
So I'm changing from wretched Crunch to a firm who I believe will offer me a more personal and proactive service. Hopefully. That's the plan anyway!
They have offered their services with or without software (in the shape of Kashflow).
I've played around with the demo product and it looks...
Is it legitimate to close ltd & use umbrella so that to cash out the lump sum on ltd company bank account?
Actually my situation is more complicated that. I got converted to perm at same company recently, and have a pending contract offer which seems to take forever to get finalised. My...
I lost virtually everything in my divorce, fortunately that includes my ex-wife. Had the judge ruled that I had to stay married to her, life would not have been worth living.
Now I can start again.
Unfortunately my ex-wife is the vengeful sort, not unusual I know,...
Before I raise my query please note this is my first post, so forgive me of any mistake/omission etc. Any comment/advise is more than welcome.
I was always working as permanent and I decided for first time to try as contractor. In Feb I set up my first LTD and I started...
Hi all, I need some advice on how best to deal with salary+dividends before April 6th. My situation is as follows: I recently started my Ltd having not previously worked this tax year. I have not yet paid out any salary or dividends. I now have profit of around 13k. I expect to earn over higher...
I have been contracting for nearly three years now and looking to get a mortgage shortly but thinking of potential problems that may hinder the application process.
I have had gaps between each of my contracts over these 3 years and that's just been down to the time it has taken...
I can't seem to see directors liability insurance on qdos website - do they do it?
Trying to compare prices is proving trickier than I expected with bundled packages from some providers!
So I've been doing some investigations and I know that I could get a mortgage with little difficulty... Everything that is required for a successful application I can tick off.
My husband and I have found a house we'd like to buy, however, he is 46 (nearly 47) and I am 30. I spoke to a...
I wanted to confirm the below when adding a new shareholder to a limited company.
What is the obligation to report the change to Companies House? When must this be done?
I can only find the following on an unofficial site - this suggests you can report the change within the next annual...
In light of the dividend tax that's due to hit next month how many on here are thinking of making use of a Directors Loan to delay/reduce the tax hit for a while longer.
I've never had a directors loan before but was thinking of taking the maximum of 10k and so long as I pay it back as per...
I'm thinking about buying a flat for myself in Central London and need to find a decent mortgage broker.
I've found the following:
Who would you guys recommend (doesn't have to be from the above list)?
Just received a message from HRMC saying I'd overpaid tax on my self assessment and was due a refund of over £450, including just under a fiver in interest. Goes back to small overpayments since 2010 apparently when looking at the breakdown. :banana:
Wasn't sure they could be used as a savings...
My company was incorporated on the 5th Feb 2015. Companies house has my first year end date down as the 28th February 2016.
The accounts I need to file with HMRC is to the 29th February.
Is anyone else in this situation? Do I really need to do two separate sets of accounts?
My accountant has suggested I should increase my salary to £13,104 to take into account the living wage changes. Has anyone else been recommended to do this? My understanding was always that as I Director this was not something I had to worry about, as the minimum wage rules etc did not apply.
I finished my contract back in Dec 2015 and have since found a permanent role.
I own 50% of the shares in my company and my wife has the other 50%. I'm thinking of transferring all my shares to her as she does not work and I will be in the higher rate tax bracket with my new job. She can take...
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