any suggestions welcome
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Experience with ITECS?
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Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Makes sense to limit the days if circumstances permit, but in my case it would mean kicking the wife and kid out of the country.... then again ....Last edited by jenever; 4 April 2008, 09:07.Comment
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Constant misinformation, failure to reply to emails, failure to return phone calls, and failure to do their job and provide payments on time. Not just one or twice, but repeatedly over a period of 6 months.
Pearl Systems seem pretty good. Someone on here recommended them. I've received a few projections from them and I'm meeting with one of their guys on Monday. I'll report back on how it goes.
I think all these companies operate in a legally "grey" area. The distinction between tax "avoidance" and "evasion" can be a subjective one. Despite all their re-assurances, I think you need to assume if it goes wrong it is you who will be liable.Last edited by mikeyboy; 4 April 2008, 10:30.Comment
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Originally posted by mikeyboy View Post
I think all these companies operate in a legally "grey" area. The distinction between tax "avoidance" and "evasion" can be a subjective one. Despite all their re-assurances, I think you need to assume if it goes wrong it is you who will be liable.
For example, you can choose not to claim expenses (expensive), to claim expenses you have incurred as non-taxable (avoidance) or claim expenses you haven't incurred (evasion). It's one of those irregular verbs:
I am operating an auditable expenses regime
You are taking advantage of a loophole
He is serving three years in Pentonville.Blog? What blog...?Comment
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Originally posted by mikeyboy View PostPearl Systems seem pretty good. Someone on here recommended them. I've received a few projections from them and I'm meeting with one of their guys on Monday. I'll report back on how it goes.
I worked with them from set up.
Who are you meeting?
[edit]your linky doesnt work, too many httpsI am not qualified to give the above advice!
The original point and click interface by
Smith and Wesson.
Step back, have a think and adjust my own own attitude from time to timeComment
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I'm meeting with Robin, one of their finance guys.
Any specific questions or pitfalls I should be aware of?
(Link fixed, cheers)
I am operating an auditable expenses regime
You are taking advantage of a loophole
He is serving three years in Pentonville.Last edited by mikeyboy; 4 April 2008, 10:35.Comment
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Originally posted by mikeyboy View PostI'm meeting with Robin, one of their finance guys.
Any specific questions or pitfalls I should be aware of?
(Link fixed, cheers)
Well illustrated!
They were a bit more expensive than some, though I felt they were worth it. You may be able to nudge their fee down a bit.
The girls in Denmark are very efficient and pleasant to work with. They would chase me for time sheets and invoices and would chase the client before I had noticed any problems.
They do not hang on to any of your monies for longer than it takes to do the paperwork so you are not exposed for more than a couple of weeks if they go bang. Many others filter money into a "pension fund" account that they hang on to. Watch the legal/tax implications of that.
You will have to figure out your own questions based on your own situation and contract.
Ask him if there is a finders fee for me. Tell him I am Steve Berry's favourite Lancastrian.I am not qualified to give the above advice!
The original point and click interface by
Smith and Wesson.
Step back, have a think and adjust my own own attitude from time to timeComment
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Originally posted by jenever View Post
I think I'll look for something that lets me rest easier at night, any suggestions welcome.
Anything else leaves you open to losing sleep.
timComment
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Mikeyboy,
What's have you decided to go for? Have you decided that this Pearl Systems are the best on balance?
I'm in the same position as you, I am about to take up a contract in Brussels with an initial 6 month term but it will probably run for up to 2 years. I think I should qualify for the expatriate allowance, but the ITECS arrangement seemed fairly complex.
I have spoken to a few of these companies over the last few days, but I wondered what your opinion (and that of others was) given that you seem to have spent a fair bit of time looking into it?
Am I right in thinking that if you go for a straightforward payroll system you're getting hit with 70% tax (50% income and ~20% social security, applied retrospectively after 3 years)?
Does anyone have a recommendation for an English-speaking Brussels accountant who would be able to offer advice?
PB (first time poster so please go easy )Comment
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Met with Pearl's guy yesterday. Signed up with them today.
Thanks for the advice.
Lone Gunman Steve owes you a pint
PerfectBlue Your post just appeared. (delayed as you're a newbie)
I went with Pearl in the end. ITECs appear to be having some problems at the moment and I don't have any confidence in them. Pearl seem very good and are used by a number of guys on here.Last edited by mikeyboy; 8 April 2008, 22:15.Comment
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