Hi All,
I’m new to using someone for my accounting and I’m about to take on a new contracts and was looking to go Limited.
I have found a company Optima Professional who essentially will handle all of my LTD stuff, book keeping invoicing ETC and work on what I can see is a EBT method for paying me.
What I don’t understand is, is this legal? – I’m no Tax expert but I really am worried. They have offered to do all of the LTD registration for me and cover the cost of this. Has anyone dealth with First 4 Contractors or SP-Management before and able to offer any light on whether this method of book keeping is legitimate?
Essentially they I will set up a new business account for when I go limited and I will continue to invoice my clients they will then calculate on my invoices how much money they need to invoice me, I will be paid £11,000 from my business account as a salary and then essentially sent money via a Trust. Here is an example which has been sent over for £40,000 per year.
Gross Value: £40,000
Dividends: £2,000
Retainer: £11,000
Discretionary Loan Award: £20,600
smartPAY Take HomeL £33,600
Any feedback on this company would be great. thank you.
I’m new to using someone for my accounting and I’m about to take on a new contracts and was looking to go Limited.
I have found a company Optima Professional who essentially will handle all of my LTD stuff, book keeping invoicing ETC and work on what I can see is a EBT method for paying me.
What I don’t understand is, is this legal? – I’m no Tax expert but I really am worried. They have offered to do all of the LTD registration for me and cover the cost of this. Has anyone dealth with First 4 Contractors or SP-Management before and able to offer any light on whether this method of book keeping is legitimate?
Essentially they I will set up a new business account for when I go limited and I will continue to invoice my clients they will then calculate on my invoices how much money they need to invoice me, I will be paid £11,000 from my business account as a salary and then essentially sent money via a Trust. Here is an example which has been sent over for £40,000 per year.
Gross Value: £40,000
Dividends: £2,000
Retainer: £11,000
Discretionary Loan Award: £20,600
smartPAY Take HomeL £33,600
Any feedback on this company would be great. thank you.
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