MCS's

[BoredBloke]

I know this should really go into accounting, but figured here would be a better place to get more responses. I've just had a call from a group who used to be one of the biggest MSC's. They are now offering accountancy services to my ltd company - I would keep my current company and they would have no control over the account etc. What are the possible pitfalls to look out for? I'm interested in ditching my accountant but a bit concerned that this lot being a former MSC provider might not be all they are cracked up to be.

 

[BoredBloke]

Ok I guess I should have posted this in Accounting as it got no responses. However now it has a picture of that nice Liz Hurley showing off her blocky norks. Perhaps that will draw the crowds.

 

[Fred Bloggs]

Well, FWIW, I'd steer well clear. They are likely to be very high up on the HMRC list for a good going over. I foresee the day when one of the ex-MSC's is going to get a serious challenge, on the basis that the potential winnings for the treasury would be huge, much bigger than persuing a single Ltd Co for IR35 etc...