Originally posted by GregRickshaw
- 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!
Churchill Knight & Boox clients being investigated as Managed Service Companies
Collapse
X
Collapse
-
-
Originally posted by jamesbrown View Post
You only need to look at their record with IR35 to know that this is untrue. Some of the CK marketing is unquestionably dumb, but CK is a million miles away from CBS, at least from what I can see, looking from the outside in.Comment
-
Originally posted by GregRickshaw
Oh okay happy to be proved wrong on this. Just in my experience then.
But chance their arm they will and make us sick with worry they do this very well.Comment
-
Originally posted by jamesbrown View Post
Agree, definitely stressful, but I honestly doubt they will have a strong case against CK if they broadly operated as a normal contractor accountancy. If I'm wrong about this, then a very, very large group of people need to be worried.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Originally posted by Fred Bloggs View Post
In Hector's shoes, next I would be determining who it was who used the "totally hands off solution" and who had a vanilla book keeping service. Then it's dead easy to rule out who is potentially MSC caught and who isn't. If this doesn't happen, I would be very surprised since it seems to me that CK wasn't a one size fits all service. Vanilla book keeping just can't be MSC caught in my thinking.Comment
-
Originally posted by Fred Bloggs View Post
In Hector's shoes, next I would be determining who it was who used the "totally hands off solution" and who had a vanilla book keeping service. Then it's dead easy to rule out who is potentially MSC caught and who isn't. If this doesn't happen, I would be very surprised since it seems to me that CK wasn't a one size fits all service. Vanilla book keeping just can't be MSC caught in my thinking.Comment
-
Originally posted by frz78 View Post
i mean if having an online portal for bookkeeping is now regarded as MSC, then it throws into question any digital solution from accountants. How any of the contractors are meant to know these technical details is beyond me.Comment
-
Originally posted by jamesbrown View Post
Or indeed FA or any other bookkeeping software backed by vanilla accountancy, but that is completely implausible and far removed from the MSC legislation. Indeed, it's quite clear that vanilla accounting is out of scope of the legislation. If there is a problem related to the bookkeeping software, it will be much more contrived than simply its existence, rather that it defaults to certain salary and dividend payments that each contractor then follows by default. But it sounds like that wasn't happening or, at least, it wasn't happening in recent years, perhaps 10 years ago.Comment
-
Originally posted by jamesbrown View Post
Right. They may try it on with the entire client base, but I just don't see it working if the situation is as described by many people in this thread. Alternatively, perhaps their marketing is just dumb and completely off base and all clients get vanilla accounting.
Of course, what CK offered back in the day I don't know. I would first be running a screen on who paid what and look at the most expensive service customers first. They're the ones likely most at risk from possible MSC legislation. I think?
I don't see everyone getting the same treatment from Hector once it becomes clearer who received what service. If I were a vanilla book keeping CK customer, and I could prove it, I'd be a bit more relaxed than if I were a "completely hands-off approach" client.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Originally posted by frz78 View Post
i mean if having an online portal for bookkeeping is now regarded as MSC, then it throws into question any digital solution from accountants. How any of the contractors are meant to know these technical details is beyond me.
No, I don't believe the entire industry is at retrospective risk.
It's your responsibility as a company director to understand all the legislation that applies to running a small Ltd Co. Ignorance is no defence of the law. I have zero sympathy for anyone who claims they weren't fully aware of the MSC legislation.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.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