Umbrella or MSC - what's the difference?

[Chugnut]

...isolating you from any kind of business decision making or risk...

Absolute gonads.

Using an MSC has no bearing on this aspect whatsoever. Stop making broad-brush statements by belittling others.

A lot of MSC's just run a one man band limited company which is the same as your model. I had a limited for 4 years, and the accountant slowly went to sh1te. My experience of running a limited was based on this. I didn't know about this site at the time, so I went MSC which was ok for a while, but their admin staff weren't up to much, and I wanted the control back myself. So I went back to a limited last year with SJD, long before the MSC clampdown news too. My perception of the whole limited company is much improved now.

Your knowledge is considerable Mal and always worth reading, but you constantly come over as sanctimonious. Hardly an ambassador for the industry. I trust you've never put a foot wrong in your life, no?

[malvolio]

I trust you've never put a foot wrong in your life, no?

Nope, of course not...

But I repeat I'm not talking about the proportion of MSC users who understand what they were doing, I'm talking about the rather larger proportion who used MSCs instead of brollies because they got paid in divvies they not really done anything to deserve. That's purely my view, of course, others may disagree. All a bit pointless now anyway, since you can't have an MSC any more.

[Lewis]

you can't have an MSC any more.

Sorry digressing a bit now ... but the recent post about Brooksons possibly having gone bust is interesting. It seems they were trying to switch to being and "accountant", I didn't realise there were any MSCPs brave enough to do this. I wonder if they really have gone bust or not and if so why. Can it be because of new MSC legislation?

[EDIT - this turned out to be rubbish, they are not bust at all]

[Chugnut]

Nope, of course not...

But I repeat I'm not talking about the proportion of MSC users who understand what they were doing, I'm talking about the rather larger proportion who used MSCs instead of brollies because they got paid in divvies they not really done anything to deserve. That's purely my view, of course, others may disagree. All a bit pointless now anyway, since you can't have an MSC any more.

Fair enough. I didn't realise you'd ever made a differentiation between MSC users - I thought you had a problem with all of 'em! Apologies if I missed it.

As you say though, all a bit pointless now.