Forum: Accounting / Legal

Letter from them today Next up - 'Drop in service from QDOS'...

What is this nonsense? I always used post office verification and that was good enough to get my mortgage, get security cleared and get most of my contracts. They now want me to travel 120 miles so they can see my passport and an original utility bill, which will take 2 seconds for them (How can...

Hi Guys, I am currently looking at buying my first house. I am a contractor with 2 years of contracting (12 months per contract) and have just received a new 12 month contract. Whilst shopping around I ended up being contacted by a company called Broadbench. They have so far made all the right...

Greetings all. If I was to contract for a particular client far from my home, (250 miles away) requiring accomodation and travel each week, then my Ltd company could expense this (subject to conditions). But what if I was offered a permanent position at the company, still working several days...

Hi, Looking for a bit of advice. A random girl from over a year ago recently contacted me saying she had a baby and that it is mine. This is yet to be proven true, however I was wondering how I would stand in this situation financially? My salary is currently the standard £702 per month /...

Regardless of your contract - If your Ltd makes 100k a year - Your expenses are 10k a year, paid by your Ltd - And you draw the remaining salary of 90k a year, paying the corresponding NI and income tax due Are you less of an interest for ir35 investigation? Or is it more about your contract...

A client has taken it upon themselves to not to pay me for a day of work that I've invoiced for. The scenario was that their own client chose to decline my service (not due to poor workmanship or negligence) only 15 minutes into the working day. Based on the fact, I still expect to receive payment...

Hello everyone, been through the forums but not finding much on the scenario I'm looking into. Want to setup a Limited Company and split shares 50/50 with my wife. As she doesn't work and to make use of her allowance I want to make her a Director and pay us both a nominal salary (£8k each). The...

Can anyone point me in the direction of any previous threads relating to tax obligations of a US citizen contracting in the UK? I've had a quick scan and can find a whole bunch on Europe but nothing on the US. Failing this, a newb here is on £300 per day (new contractor, first ltd) and is a US...

I had a read on the UK gov website and I'm still in the dark. Any advice is welcomed.

hi all. I have just been offered a new contract which is quite a lot more pay than the last two so looking at starting a ltd company. The issue is that I have a poor credit rating. Obviously this will effect applying for a business account, but just wondering if there's anything out there that I...

How do I work out full market value of shares in my company? It has been around for > 10 yrs, has retained profit and existing clients. I'm investigating alloting some new shares, but understand they would need to be purchased at 'full market value' by the person concerned.

I'd like to ask for some advice My ltd company contracted from mid 16 through a less sucessful period from May 17 through to closure in early 2018. I'm currently on a FTC to Mar 19 and if I return to proper contracting, it would probably be via an umbrella for 'less hassle'. I read some...

Hi, I'm looking for an accountant and was hoping for recommendations. I have done some research already and looked at and spoken briefly to:- - Gorilla Accounting (Adam Scholes) - saw a thread about their marketing which wasn't positive - Fox Bartfield (Darren Upton) - can't see any reviews...

Hi all, It's the first time I post here and I hope I that my question will be answered. I've been working as a contractor since March 2017, which means that the company year end was on 31st March 2018. I've only recently discovered that I can contribute to my pension via my Ltd and deduct 40k...

I'm finally moving accountants, but it looks like I may have to pay for both for one month, as SJD say they have a 30 days' notice policy. Is this in line with others' experience when moving accountants? Clearly it's not the end of the world, but I had hoped that I wouldn't need to pay both...

I'm a contractor using SJD and I'm not happy at all with the service. SJD put on their website that if we don't respond to you same day (provided email is before blah blah) we will refund you that months installment, great, but the response you get is an auto reply saying thank you for your...

Hi all, My first post here. Will tax liabilities change from standard UK ones in the following scenario? Contracting via a UK Ltd Company, who's contract is with a UK Client, but will need to travel to Belgium to work 2-3 days a week for potentially just over a year? I would assume the...