Avoid Prosperity4 like the plague!

[delsnickedmycar]

prosperity4

I've worked through Prosperity4 for 8 months and the only issue I had was when thay were going to let me submit my expenses online. They've done that now and everything works like clockwork.

[WWW ITDoctors co uk]

Re: prosperity4

Nice 1 Dels

29 posts against and 1 for

Shurley shom mistake.

[baldfreakmunro]

Trouble at t milll

I heard a rumour that their was redundancies at Prosperity4 on top of trading at a loss on their last set of accounts.Are the wheels coming of or are the Directors buying more Race horses ?

[blondiebeeb]

Green Lantern 35

Looking on their website, they hold back 8% of your income as holiday pay, which is surely sat in their account giving them plenty of interest?

I have been with Orange and Gold for 3 months now and haven't had any problems with them. Seem to know what they're talking about.

[baldfreakmunro]

Ex-Employee of P4 spilles the beans

They actually hold back 10% for holiday pay and their charges are 6% 8% 10% "whatever you can get away with " as I was told when I joined.Another point they were charging Their percentage rate on reimbursed client expenses I informed them of this but they never reimbursed anyone.

So if you know anyone who works for them or has worked for them spread the word get out your old payslips and get on the phone.

If any one has problems with P4 who want some advice from someone in the know you can join my forum so spread the word.

groups.msn.com/Prosperity...uth/invite

[baldfreakmunro]

Re: Ex-Employee of P4 spilles the beans

I have just checked mine from 18 months ago and you are right that was another £504 wile I was working throught them and they took £600 as I had not reached their £1500 minimum fee as per their contract don't touch these with a barge pole >:

[rebeccaloos]

---------------------------------

I agree fully, don't touch Giant, 360 Group or Contranet(CPM Group).

If any of the employees/management of the above companies would like to counter my statement above then feel free, I have evidence that I am all to willing to distribute to whoever wants it.

I went with OrangeGenie(and they've dropped the ball a couple of time now also!) - why can't people do their job?

Spod - In "Go on, make my day" mode!

-------------------------------------------------

Can I have some proof on Giant's dodginess?

Thank you

[rebeccaloos]

My request was for SupremeSpod, by the way

:b

[whats in a name]

Spod has left the building...

RL

Spod has left for bluer oceans. He might still visit, but I dont know if he will pop into accounting.

The concensus seems to be that giant are cr@p. Regretably ezboard doesnt keep old postings.

What is your situation - you get minimum wage and dividends ? Which Giant product are you under ?

What shares do you hold ? Yoiu can only get a dividend from shares. IR take a dim view of a situation where your salary isnt realistic - ie can you live on it ?

Did you speak to any real accountants ? eg Simon or Darren ? (or Joel or anyone else - dont want to have favourites here )

[rebeccaloos]

Re: Spod has left the building...

Last year, being new to contracting in the UK, I had a look around umbrella companies, and used their calculators to find out which one would get me the best take-home pay from the gross daily rate I get.

Giant came out best (81%), under their Giant Powerhouse concept (which they call "managed limited company". Apparently they offer this for contracts that pass IR35. They use Qdos to check your contract and Qdos will insure it against IR35. Mine passed.

They do pay me the minimum wage (£187.50 a week + holiday pay £14.40), add my non-billable expenses (travelling and subsistence), deduct tax and NI (calculated on the minimum wage above), and also deduct Employers NI. They alsod educt their weekly fee.
Finally, they allocate one share to me every week, which then justifies paying me the rest of my rate in dividends for that particular share. I do get a share certificate.They deduct of course the 19% corporation tax off the dividend component of my pay.

Is this illegal / a scam?


To your question: "Can I live on it?" - well as far as you can live on the minimal wage. I guess some people have to. But I don't think I personally could, given my outgoings (house, car etc.)