I have sympathy for those nurses in the NHS earning far less than us, but in the same way we have to protect ourselves by understanding the accountancy side of our businesses, surely they have to do the same, no? Anyone presenting me with a method of getting paid accompanied by a chart with "appetite for risk" would make my testes shiver; even if I knew nothing about the topic!
- 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!
Loan - self assessment
Collapse
X
-
-
Originally posted by Socialsarah View PostStupidly I signed up to umbrella company who offered loan as part payment when I temporarily became a contractor for 5 month before moving to paye. I have to complete my self assessment due to property and plan to ensure this additional income is entered in other payments not on p60 to ensure any tax due is paid.
Anything else I should be doing? Should I be phoning HMRC or just put everything down on the self assessment and pay tax due. Thanks in advance as have been sick with worryOriginally posted by eek View PostYou are making a hell of an assumption there. When the scheme providers ran out of rich fools they started to pretend to be umbrella companies and targeted people who didn't earn much but the agency didn't want to do payroll
There are a lot of supply teachers / nurses / care workers who are going to be caught up in this. And for them £500 is a lot of money that many don't have...Comment
-
IQ Contracts self-assessment help
Hi
Unfortunately I am one those NHS workers who was sold IQ Contracts by a colleague and worked for them for 18 months back in 2012-2014.
I've now been sent self-assessment returns to do for these years and advised by HMRC to declare my earnings and mark paid tax as 'unknown'. I haven't yet done this (still waiting on bank statements for my earning figures) but just wanted to see what advice is out there. I'm not from the UK and have no idea how the tax system works. Should I seek help from Big Group/WTT before making any moves? This is all very stressful. Any help would be most appreciated.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