Posting on behalf of a friend as she is financially clueless and doesn't know where to start.
I'll try not to ramble, I know the general advice and sensible option is to get an accountant but at this moment in time it is not an option due to a large amount of personal debt.
I have a friend who having gone through a long period of depression has accrued a lot of personal debt, lets say around 40k. Plus a mortgage.
I have been helping her work it out, budgeting etc so she can live.
Just as we get back on track I notice that her "payslip" isn't a payslip, it's an invoice addressed to a limited company in her name. I log on to companies house to check the status (I work for an IT recruitment company in compliance so am familiar with how contracting works) and it is dissolved.
She had no idea that she was being paid gross. She assumed the agency was paying her tax etc.
Essentially she is a nurse who has been working agency on and off since December 2015. The ltd company has an accountants address in Bradford and is marked as dissolved as of October 2017. When she signed up for her agency she thinks they would arrange for a ltd company to be set up - she then doesn't think she ever heard anything else. Her gross pay is around £900 a week. However during this current tax year she has also been employed.
Any advice on the first steps? I've suggested she ask for a record of all payments made from the agency since 2015 so we can work out what her total gross pay has been, plus she needs to dig out all p60s etc from actual employment.
She also should contact the "accountant" but what should she ask
Should she contact companies house to get the dissolved company reinstated (I know there is a charge)
I cannot find a website for the accountant and there is a review on yell.com slating them.
Unfortunately seeking financial advise at the moment is out of the question due to there being absolutely no money. she has overstretched herself with multiple phone contracts, cars you name it.
she can't go bankrupt as it will show on her disclosure and stop her from getting agency jobs with the NHS. Additionally she is totally financially clueless (I'm not) so the whole thing is hard for her to grasp.
should she start using an umbrella company from now?
Any advice is appreciated
I'll try not to ramble, I know the general advice and sensible option is to get an accountant but at this moment in time it is not an option due to a large amount of personal debt.
I have a friend who having gone through a long period of depression has accrued a lot of personal debt, lets say around 40k. Plus a mortgage.
I have been helping her work it out, budgeting etc so she can live.
Just as we get back on track I notice that her "payslip" isn't a payslip, it's an invoice addressed to a limited company in her name. I log on to companies house to check the status (I work for an IT recruitment company in compliance so am familiar with how contracting works) and it is dissolved.
She had no idea that she was being paid gross. She assumed the agency was paying her tax etc.
Essentially she is a nurse who has been working agency on and off since December 2015. The ltd company has an accountants address in Bradford and is marked as dissolved as of October 2017. When she signed up for her agency she thinks they would arrange for a ltd company to be set up - she then doesn't think she ever heard anything else. Her gross pay is around £900 a week. However during this current tax year she has also been employed.
Any advice on the first steps? I've suggested she ask for a record of all payments made from the agency since 2015 so we can work out what her total gross pay has been, plus she needs to dig out all p60s etc from actual employment.
She also should contact the "accountant" but what should she ask
Should she contact companies house to get the dissolved company reinstated (I know there is a charge)
I cannot find a website for the accountant and there is a review on yell.com slating them.
Unfortunately seeking financial advise at the moment is out of the question due to there being absolutely no money. she has overstretched herself with multiple phone contracts, cars you name it.
she can't go bankrupt as it will show on her disclosure and stop her from getting agency jobs with the NHS. Additionally she is totally financially clueless (I'm not) so the whole thing is hard for her to grasp.
should she start using an umbrella company from now?
Any advice is appreciated
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