Final Giant Payroll

[TheRightStuff]

Right. I've registed my company through SJD and I've appointed them as my accountants. Now do I put my final payroll (March) through Giant or do I put it through the new LTD company.

Giant are saying if all timesheets are entered correctly on the last day of the month then they can pay before the 6th April. This will mean it will go through powerhouse and not PAYE. However, if they mess up in anyway due to the surge in demand and because of the short turn around and end paying me after April 5th I could end up paying alot of extra tax.

Would it just be best to leave Giant now and ask them to put my leaving date as 28th Feb. Then put the March timesheet throught the new LTD company after the 5th April?

[Bluebird]

I would guess it depends on what your contract with the agency says and the date at which your new arrangements start ?

You can't just invoice the agency from your ltd unless the new contract is in place.

[gallotta]

Same here

Right. I've registed my company through SJD and I've appointed them as my accountants. Now do I put my final payroll (March) through Giant or do I put it through the new LTD company.

Giant are saying if all timesheets are entered correctly on the last day of the month then they can pay before the 6th April. This will mean it will go through powerhouse and not PAYE. However, if they mess up in anyway due to the surge in demand and because of the short turn around and end paying me after April 5th I could end up paying alot of extra tax.

Would it just be best to leave Giant now and ask them to put my leaving date as 28th Feb. Then put the March timesheet throught the new LTD company after the 5th April?

I had the same problem, but the agency pays Giant on April 6th and therefore Giant refused to do anything before the 5th. if I needed any help in deciding if I wanted to go LTD, that was it

Cheers

[ContractIn]

Right. I've registed my company through SJD and I've appointed them as my accountants. Now do I put my final payroll (March) through Giant or do I put it through the new LTD company.

Giant are saying if all timesheets are entered correctly on the last day of the month then they can pay before the 6th April. This will mean it will go through powerhouse and not PAYE. However, if they mess up in anyway due to the surge in demand and because of the short turn around and end paying me after April 5th I could end up paying alot of extra tax.

Would it just be best to leave Giant now and ask them to put my leaving date as 28th Feb. Then put the March timesheet throught the new LTD company after the 5th April?

Even if you got paid end of April, this money relates to March 06 so you should not be affected by the new legislation?

[gallotta]

Even if you got paid end of April, this money relates to March 06 so you should not be affected by the new legislation?

Unfortunately not, seems it is the day you get the money...
Cheers

[TheRightStuff]

Unfortunately not, seems it is the day you get the money...
Cheers

that's what I thought. Giant have been exterminated and going to put march payroll through LTD company after 5th April.

[philip@wellwoodhoyle]

Have a look at

http://www.hmrc.gov.uk/employers/whe...-nics-paye.htm

May be relevant to you.

Basically, that is suggesting that if you became entitled to the earnings in, say, March, by virtue of the hours you worked in March, then perhaps Giant should put your wages in the March, i.e. the 2006/7 tax year, even though you were actually paid them in April. I think you need to check your contract of employment and maybe direct them to that web link - you may also need some professional backup from your new accountant or an employment lawyer to confirm whether the above link is relevant and applicable to your circumstances. At the end of the day, it seems to suggest that the payment date is not always the only determinant of which tax year the payments are taxed in.

[TheRightStuff]

I've opened my LTD and have instructed my agency to end the contract with Giant. they can make the end date 28-Feb as I was last paid at the start of March for work done in Feb. (paid) monthly. The agent have said they will then transfer my contract with a start date of 1-March to the LTD company.
All sounds good. However, the company was formed on the 19th March.
Can a contract start with a company before it was formed?
Should I actually get my work for March paid by Giant and then put my April work through the LTD?
Going to call agency and SJG to discuss but would also like your views.
Will report back later.
Over and Out.

[TheRightStuff]

I've opened my LTD and have instructed my agency to end the contract with Giant. they can make the end date 28-Feb as I was last paid at the start of March for work done in Feb. (paid) monthly. The agent have said they will then transfer my contract with a start date of 1-March to the LTD company.
All sounds good. However, the company was formed on the 19th March.
Can a contract start with a company before it was formed?
Should I actually get my work for March paid by Giant and then put my April work through the LTD?
Going to call agency and SJG to discuss but would also like your views.
Will report back later.
Over and Out.

agency not sure. Going to call SJD now.

[TheRightStuff]

spoke to SJD - great advice as usual and very well explained in plain English. They've told me to stick with Giant until the 31st March and then appoint them on or after the 1st April. Another star for SJD.