Churchill Knight & Boox clients being investigated as Managed Service Companies

[eek]

Have you guys just received a request for monies to help fight this case with Churchill Knight? I am so screwed. All I did was have them look after my invoicing and bookkeeping. They are not responsible for telling me how much I can earn or take or anything. They have always been my own choices.

Be very careful with what you say - why was your accountancy firm issuing invoices for you - that could (to HMRC) easily look CK were running your business for you on a day to day basis

[eek]

Regarding the amounts being asked for - given the number of contractors involved they seem to be asking for £millions and while tribunals are expensive they aren’t that expensive

worse they are doing the exact thing hmrc hates, asking for money proportional to the profit made

[cojak]

Be very careful with what you say - why was your accountancy firm issuing invoices for you - that could (to HMRC) easily look CK were running your business for you on a day to day basis

Oh Dear, I missed that bit, I was focusing on the money.

[Bonerp]

Lets say £7000 average liability and we have 1000 contractors under CKA being investigated.....£7m to fight 5 tribunal cases....

[eek]

Oh Dear, I missed that bit, I was focusing on the money.

For this stuff the devil really is in the detail and the clue is in the name.

the accountancy firm shouldn’t be doing day to day management items such as issuing invoices - that is the very definition of someone else managing your business as a service on your behalf

[eek]

Lets say £7000 average liability and we have 1000 contractors under CKA being investigated.....£7m to fight 5 tribunal cases....

First level tribunal costs would be £250,000 at most - and most of that would be on gags to stop the 5 directors saying the wrong thing

[GregRickshaw]

Be very careful with what you say - why was your accountancy firm issuing invoices for you - that could (to HMRC) easily look CK were running your business for you on a day to day basis

Exactly this eek they have said this from day one! Very odd they are not asking for the money to go to the firm of solicitors or ESCROW or independent body.

This has all the look and feel of a company about to go bankrupt!

[VSCodeDude]

This has all the look and feel of a company about to go bankrupt!

That is my feeling also. They're done.

[GregRickshaw]

Have you guys just received a request for monies to help fight this case with Churchill Knight? I am so screwed. All I did was have them look after my invoicing and bookkeeping. They are not responsible for telling me how much I can earn or take or anything. They have always been my own choices.

I have seen the announcement yes. Full transparency here I was one of the 73 companies released recently so although I no longer involved as much, that is an outrageous claim and amount from CK. Apparently everyone has also been hit with three years of nothing like what they received as determinations thus arriving at a vastly inflated % to fund the case.

I would think very carefully now about simply letting this play out in court and then representing yourself at a tribunal afterwards if CK lose. The amount of money they are asking for is way over the one million pounds David Kirk and others have estimated to be need, and they (DK and others) factor in amounts for appeals.

We are all innocents here and if CK weren't about to disappear with it seems clients money it would be worth us getting together to sue them.

[GregRickshaw]

In case there is any poor soul still using CK's accountancy services for their LTD. Leave them as soon as you can.