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Recent content by absoft
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Which umbrella - OrangeGenie vs Parasol
Parasol not so good lately Parasol not so good lately I have recently been having more and more disatisfaction with Parasol. My pension payments suddenly stopped being paid to the pension company while still being deducted from my payroll. Took me over a week of emails and a spreadsheet...- absoft
- Post #91
- Forum: Business / Contracts
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Late Payment of Invoices
Thanks for the replies. It can't make much difference to a company with £20m in the bank whether I get paid after 2 weeks or a month. Guess I can live with it; just doesn't do anything for goodwill does it. Now I'll have to make sure I always wash up my mug in company time heh, heh !- absoft
- Post #9
- Forum: Business / Contracts
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Late Payment of Invoices
How long do companies usually take to pay an Invoice? I submit an invoice to the company I contract for on the first of the month for work done during the preceeding month. I was expecting this to get paid within a few days, however I have been told that the company intends to pay it 'as late...- absoft
- Thread
- Replies: 15
- Forum: Business / Contracts
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Parasol and hardware expenses
I have bought a laptop under the Parasol scheme. I think the £100 is some kinda red tape; I havn't had to pay anything. The cost of the laptop is taken out of gross earnings saving 40% tax and 8% employers NI so you get it for about half price; a good saving unless you have as much money as...- absoft
- Post #4
- Forum: Accounting / Legal
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Contractor Financials
Parasol Pension Parasol Pension I have also used them for a stakeholder pension with Scottish Life. The good part is that for a 40% taxpayer, you save this plus Employers NI meaning that you save around 48% by which I mean you can put a £1,000 into the pension instead of receiveing £520 in the...- absoft
- Post #5
- Forum: Accounting / Legal
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Wow! can Prosperity4 really do this for me?
Confusing Confusing Yes I know they said that before but in Paradigm they now say their expenses policy has changed. What is the point of Parasol saying ..'if you do not have receipts...you can claim £15 subsistence etc' and then expecting you to suddenly produce receipts if they decide to... -
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Wow! can Prosperity4 really do this for me?
Parasol also say you can claim £15 per day subsistence Parasol also say you can claim £15 per day subsistence In Parasol's latest new newsletter called Paradigm it states:- Subsistence Claims ......If you do not have receipts to support your claims, you can continue to claim: £45 per... -
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i am sure i can claim back subsistence
Subsistence with no receipts Subsistence with no receipts Quote from today's copy of 'Paradigm', a new newsletter from Parasol: Subsistence Claims...Parasol has also received an improved expenses dispensation from the Inland Revenue for Subsistence Claims.... ...If you have supporting...- absoft
- Post #5
- Forum: Accounting / Legal
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NoLongerLimited, Prosperity 4
Is Pension a good idea? Is Pension a good idea? I agree with Tim, pension money is dead money. Ok you can eventually get a quarter back but that still leaves 75% which can only buy an annuity and if you snuff it early you won't even see that. I had an illustration from Parasol Financials...- absoft
- Post #20
- Forum: Accounting / Legal
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24 Month Rule
I've heard there are ways round it; just don't know what they are yet.- absoft
- Post #5
- Forum: Business / Contracts
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24 Month Rule
Does anyone know what the rules are for resetting the 24-month limit on working at one location (as far as claiming travelling expenses against tax is concerned)? For instance is it enough to leave after 23 months 30 days and then start a new contract at the same place, do the same but with a...- absoft
- Thread
- Replies: 10
- Forum: Business / Contracts
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Umbrella company recommendations
Original Receipts Original Receipts A number of replies on this thread refer to keeping all original receipts in case the taxman does an inspection. I also see Parasol Umbrella Company recommended several times. Parasol insist that you send in all original receipts (e.g. for rail travel) to...- absoft
- Post #21
- Forum: Accounting / Legal
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Anyone use 'No Longer Limited'?
No reply to email No reply to email I emailed No Longer Limited about two weeks ago with a question about their inclusive PI Insurance. Never had a reply. Also emailed ParasolIT who did reply in full. Who would you rather go with? -
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£1,000 more take-home pay
Inside/Outside Inside/Outside Malvolio, You say 'The ways in which you can avoid a definite ruling that you are caught are so well documented that only people chained to their desks and with no discretion about how they perform their task should be inside it ' Where are these 'rulings'...- absoft
- Post #14
- Forum: Business / Contracts
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£1,000 more take-home pay
Out of my depth here Out of my depth here I was only looking for a straightforward Yes/No answer. I am working within IR35, can I use Hexagon Services; Yes/No? and Does 'IR35 Friendly' mean the composite scheme is meant for contracts caught by IR35 or not; Yes?No? I gather the answer to both...- absoft
- Post #12
- Forum: Business / Contracts
