Procorre consulting

[eek]

My Limited company accounts over many years now tell me otherwise if your not taking home 82-84% using a UK based HMRC compliant accountant then your doing something seriously wrong!

Previously you were talking about umbrellas. There is a world of difference between what you posted in your last message and this one...

[dipeolay]

Might I suggest something?

It occurs to me that the sort of person that would use the Procorre solution would not be the sort of person to be overly inquisitive or involved in the accounts and as such would not have the knowledge or inclination to ask all of the questions this forum needs answers to ( we can philosophize over whether this is wise or not); I also honestly doubt that a young company like Procorre would readily divulge the intricate details of their accounting on a forum or even via email.

However, it would appear that many of the posters here have a reasonable grasp of tax law and would be in a position to ask the pertinent questions; so my suggestion is this: One of us (not me, I have zero knowledge and am new to the contract market) set up a meeting with a Procorre accountant/rep and cut through the BS, ask these questions. I feel this is the only way we will get a definitive answer.

Newbie trying to be helpful

[LisaContractorUmbrella]

Previously you were talking about umbrellas. There is a world of difference between what you posted in your last message and this one...

This

[eek]

Might I suggest something?

It occurs to me that the sort of person that would use the Procorre solution would not be the sort of person to be overly inquisitive or involved in the accounts and as such would not have the knowledge or inclination to ask all of the questions this forum needs answers to ( we can philosophize over whether this is wise or not); I also honestly doubt that a young company like Procorre would readily divulge the intricate details of their accounting on a forum or even via email.

However, it would appear that many of the posters here have a reasonable grasp of tax law and would be in a position to ask the pertinent questions; so my suggestion is this: One of us (not me, I have zero knowledge and am new to the contract market) set up a meeting with a Procorre accountant/rep and cut through the BS, ask these questions. I feel this is the only way we will get a definitive answer.

Newbie trying to be helpful

There would be a confidentiality agreement which would mean we couldn't discuss how it (doesn't) work....

The only reason we post these schemes is because Lisa and I take an interest in providers and when we find one think its worthwhile adding a post or two to help contractors

[flowerpower]

The only reason we post these schemes is because Lisa and I take an interest in providers and when we find one think its worthwhile adding a post or two to help contractors....

Hi, new poster here. I was called by Grosvenor Gower today, representing an unnamed consulting company with a spiel that sounded awfully like that described here. I'm not sure why my spidey sense started tingling, but it led me here. I'll consider myself warned! Thanks.

[TykeMerc]

Hi, new poster here. I was called by Grosvenor Gower today, representing an unnamed consulting company with a spiel that sounded awfully like that described here. I'm not sure why my spidey sense started tingling, but it led me here. I'll consider myself warned! Thanks.

Very wise.

With the schemes firmly in HMRC's sights using one is suicidal.

[SunnyInHades]

Interesting; financials look sound on first look, with a big jump in net worth a couple of years ago (CH public domain info) ..

PROCORRE CONSULTING LIMITED
6-9 Trinity Street, Dublin 2, Co Dublin
Age 4 years (Incorporation date 07/02/2011)
Active

Net Worth
£16,722 (2011)
£24,389 (2012)
£288,671 (2013)

Directors:
MARK ANTHONY GREEN
STUART JOHN LIVINGSTONE

[nanopowered]

Procorre proposed me that scheme:
a part of what I earn will go on my bank account (around 40%).
the rest will go on a Procorre bank account (they called it expenses account), I would received a visa card and I would be able to use it to buy stuffs but it is forbidden to wire the money to my bank account.

[Lambert Simnel]

AML Contractor's summary looks pretty much in line with what I was offered by Procorre as well. The agreement between me, my company and Procorre was also to be under the jurisdiction of Singapore law which added to the (already extensive) unease.

[WalterWhite]

At it again

Sunday Solutions
Fleming Laing
Rousseau
Aston Mae
Procorre

You do the maths (and the research)