Any recommendations or feedback on "Newquay Professional"

[zakzak]

Newquay....sorry im late

Hello

In fear of being burnt as a newb i will keep this short.....ish

I am meeting with newquay pro next week to see what they have to offer and how good the structure is, so would be happy to post feed back good or bad. I was reco'd to them via another company that helped me with a CGT bill and development project on some IPR. Although Im not an expert in tax planning the schemes for CGT and IPR were good and I am now in the clear from tax man.....so am sitting a lot richer! and the CGT one was provided by montpelier via broadgate......so wanted to say planning does have risk but also has rewards. Have held off of income tax planning until now. If the other structures had been a failure I would not be looking at this now although they are different liabilities.....its still this whole tax avoidance thing!

Broadgate say that this newquay thing offers other perks like discounted flights, hotels and car hire......is this true does anyone know?

any further feedback on these guys before I go and investigate

[Grim Reaper]

Zak,
If you want umbrella, people like Sunday Solutions or ASMG return up to 78% and claim to be 'totally safe, revenue declared' etc etc. The advantage of these schemes are that you are protected by IR35.
Otherwise, you could go limited outside IR35 and get a good accountant like the ones recommended on here - do a search or you will be verbally slayed by the regulars ! Being LTD exposes you to IR35, therefore you will need to get your contract examined to be safe.
These are the most profitable options.
Speak to the brollies and/or a good accountant then weigh up the pros/cons.

[zakzak]

Grim,

Thanks for the tip off.

[malvolio]

Which is actually complete bollocks.

Umbrellas make you safe from IR35 becuase you are an employee of the umbrella company, so IR35 does not apply and you pay full PAYE/NICs just like any employee (the difference being you have to pay the Employer's NICs as well of course). Any that promise to save you money over and above that are doing it through dodgy (or at best misleading examples of) use of expenses.

Having a LtdCo makes no difference to your IR35 exposure, and IR35 is actually not that much of an issue anyway if you know what you're doing. Which you clearly don't. Go read the guides and learn the subject properly before you make a big mistake.