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Recent content by AntonioDJCA

  1. A

    Getting money out of a limited company

    1. You can pay into a pension and receive Corporation Tax relief - it is wise to do so if you can afford it. 2. You can pay yourself a salary, get the money in your pocket and get Corporation Tax relief (this would only be recommended up to your personal allowance). Honestly, if these basic...
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    Bit of a One-Off

    If I read what you have outlined correctly, you are actually saving closer to £4,700 (which is still a lot, don't get me wrong). :) On the Flat Rate Scheme for VAT you pay your relevant percentage on the gross amount you actually invoice for. I.e. if you invoice for £70,000 excl. VAT, you...
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    Offshore Company - Almost too late to back out - advice please

    https://www.gov.uk/government/publications/spotlight-26-contractor-loan-schemes-too-good-to-be-true/spotlight-26-contractor-loan-schemes-too-good-to-be-true Hope this helps. EDIT: I love how HMRC calls it "too good to be true".
  4. A

    Offshore Company - Almost too late to back out - advice please

    Wouldn't put it that way because of professional courtesy :happy Otherwise wording is spot on.
  5. A

    Offshore Company - Almost too late to back out - advice please

    Wouldn't quite put it this way, but yes, walk away. When you hear "Loan" and 90% take home pay...
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    What is the most tax efficient way to extract income from MyCo when switched to perm?

    Asking this question is like asking how long a piece of string is. You can literally have anything between 80% to 50%, depending on your personal tax planning, what figures you consider for your "take home %" (is you FRS surplus considered part of you % for ex.), what expenses you have, and so...
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    Declaring company assets/ tax return

    I am indeed, feel free to get in touch via our website & I will respond to you personally.
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    Declaring company assets/ tax return

    Spread-betting is tax free (betting being the keyword here). Regarding your trading being taxed under CGT (which would be better than LTD Co. trading), your individual circumstances and how you trade must be reviewed by an accountant. I hope you had a discussion with one prior to opening your...
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    Accountant recommendation threads inc local requests

    Seeing as how you're interested and no one has replied (I would assume because there is so much discussion/information in the thread you have posted in which you could probably refer to), I can offer you contact us - DJCA Ltd. We are based in central London (just off Oxford Street), and I will...
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    Bauer & Cottrell contract review - suggests I will never be outside IR35?!

    A representative of your client (line manager) must tell a representative of your company (you) what they have hired your company (and it's representatives) to do. You can't just go on site and start guessing what you have to do, so there's must be more to this that would put you inside. Being...
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    Bauer & Cottrell contract review - suggests I will never be outside IR35?!

    After seeing Kate's response on here and noting that the case has not been closed yet, I must apologise for jumping to the conclusion that they only gave the OP some brief information over the phone (which is why I kept on saying it's just not enough) as his review. Sounds like they provide a...
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    Bauer & Cottrell contract review - suggests I will never be outside IR35?!

    The truth is, as northenladUK has said, that IR35 is open to interpretation. I am not fully aware of what your working practices are, however you doing the same type of work as what a permanent employee would do does not automatically mean you are caught by IR35 (I stress that this is my own...
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    Bauer & Cottrell contract review - suggests I will never be outside IR35?!

    After being on Bauer & Cotterell's website, I note that they have stated they would "discuss and negotiate appropriate changes on your behalf directly with your agency/end client" (on their higher package), which suggests that they should be able to provide you with information on what, in their...
  14. A

    What scheme is this?

    Well said.
  15. A

    What scheme is this?

    It's most likely one of those "loan" schemes where the "company" that pays you's office is located in the middle of a field somewhere in the Isle of Man. https://www.gov.uk/government/news/pay-up-time-for-offshore-loan-schemes Hope this helps!
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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