Originally posted by mr1972
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
Collapse
X
Collapse
-
-
Hi
I am in exactly the same boat, was very at a low point having to work away from home when I got sucked in. I would be interested in what you decided to do anyone has done as to date, I feel like the only one trapped and I have to make a decision as being chased to sign the contract to buy out my company and also received a tax demand for 2012/2013 out of the blue at the weekend from HMRC!Comment
-
Originally posted by Anxiously View PostHi
I am in exactly the same boat, was very at a low point having to work away from home when I got sucked in. I would be interested in what you decided to do anyone has done as to date, I feel like the only one trapped and I have to make a decision as being chased to sign the contract to buy out my company and also received a tax demand for 2012/2013 out of the blue at the weekend from HMRC!
I suspect those on this forum from WTT Big Group will seek to scare you into doing whatever is most beneficial to WTT.
In fact, the simplest solution is just go PAYE or Umbrella on a new contract. You then wont need your limited company, WTT Big Group or Procorre anymore. This seems to be the least hassle.Last edited by dog; 20 February 2018, 18:28.Comment
-
-
Comment
-
Originally posted by dog View PostIs the 96% acquisition plan just a scam?Comment
-
Originally posted by WalterWhite View PostWhat is a 96% acquisition plan? Acquisition of what?Comment
-
Originally posted by dog View PostProcorre want to acquire 96% of your limited co but not pay anything for it.Comment
-
Originally posted by WalterWhite View PostExcuse my ignorance, but why would anybody consider that?
It surprises me that anyone would be so gullible/silly to give this any kind of thought.
But according to what I have read on this forum there are some people who are interested in Procorre's acquisition 'opportunity'.
There is an element of scaremongering I believe- scaremongering by Procorre, goaded on by those on this forum from WTT Big Group.
Both Procorre and WTT Big Group allege they can make it all better while enriching themselves.Last edited by dog; 25 February 2018, 21:48.Comment
-
Overdrawn capital account
Originally posted by dog View PostTo leave procorre, shutting down your company and starting a new company is exactly what you should do. I also think it would be a good idea to leave procorre's accountants as well.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment