SJD Advice on RTI Changes to payroll

[jamesbrown]

I aim to take one a year right at the beginning of the year personally so I can re-invest it somewhere it will earn me something.. or as fast as I can if I can't make it in a single one. Thinking about it year in arrears means I can't put the 7k or so away over the year though Hmmm.....

Dunno about 'ignore' the year. I don't personally want to get ahead as suggested in that thread though.

Will speak to them when I get my mail I think.

It probably wasn't even worth mentioning TBH Afterall, you might be talking about a marginal rate of interest earned in your personal account versus a company deposit account. It's a non-issue, but I'm a little bored....the g/f is out drinking and I'm stuck in surfing contractor porn

[northernladuk]

It probably wasn't even worth mentioning TBH Afterall, you might be talking about a marginal rate of interest earned in your personal account versus a company deposit account. It's a non-issue, but I'm a little bored....the g/f is out drinking and I'm stuck in surfing contractor porn

[simondolan]

This is even more cheeky, what is the implied message behind this line

"For SJD Accountancy, this will minimise the number of RTI submissions we are required to make for your company. Therefore, even with the additional administration involved, the RTI submissions would mean no increase in your accountancy fees. "

To clarify, there is no question of additional fees.

What we have tried to do here is to simplify what is an incredibly cumbersome system. There is just no need to draw a monthly salary.

[midnite70]

I have had a chat with SJD today and they are happy to continue to pay salary monthly should you wish.

There are some little complications around having to pay salary on the same day as Tax and NI contributions (if you make any) but other than that everything stays the same.

SJD also confirmed no increased charges for this as per the previous reply

[Wanderer]

There are some little complications around having to pay salary on the same day as Tax and NI contributions (if you make any) but other than that everything stays the same.

Hmm, what if you are taking a £7488 salary and there's no PAYE or NI due. Would that just mean business as usual for us but more admin for our poor old accountants doing the monthly RTI returns?

[midnite70]

Hmm, what if you are taking a £7488 salary and there's no PAYE or NI due. Would that just mean business as usual for us but more admin for our poor old accountants doing the monthly RTI returns?

Yep, so i believe

[Jessica@WhiteFieldTax]

Yep, so i believe

Correct

[northernladuk]

Yep, so i believe

Might give em summat to do rather than post on CUK all day

[d000hg]

Surely with the squillions of contractors they have paying £110 per month, they can afford to put new systems in place. Although - is this ADVICE or MANDATORY for clients?

[Nathan SJD Accountancy]

Surely with the squillions of contractors they have paying £110 per month, they can afford to put new systems in place. Although - is this ADVICE or MANDATORY for clients?

Hi d000hg..... It is our advice, not mandatory. It is always our clients choice how they wish to extract income from their company.