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Recent content by candyflipper

  1. C

    How do you search these forums for phrases with a space?

    Suppose I want to search for "ABC Group". The results show all instances of posts with the token "ABC" and also all posts with the token "Group". Does not matter if I use quotes - it fails with false positives either way.
  2. C

    Billing US customers via forex website?

    The paypal option sounds terrible. If you want convenience, it would even be better to simply invoice in GBP and take a credit card payment. You would pay merchant fees, and the client would pay the FX fee. American clients can get credit cards that have no FX fee, so the only overhead is...
  3. C

    Accounts Software

    I used MS Money for ~10 years, and strongly advise against it. Microsofts strategy is to hold your data hostage in their proprietary format to the max extent possible. MS Money cannot handle multiple currencies. Data corrupts easily because Money keeps the proprietary data file open and in a...
  4. C

    Buying a belgian company, instead of starting one

    Considering the absurd startup costs for a company are over ~3k€, and the closing costs are ~4k€, wouldn't it make sense for a contractor to buy a company from someone who is about to close one? If I was facing a cost of 4k to close down a company, I'd probably be willing to pay someone to take...
  5. C

    Whats going on at Albany?

    I agree; Albany seemed to be on the ball and more competent than the others. But I have to say they were still unprofessional overall. Albany used spreadsheets for all their accounting, not a proper accounting package that ensures money within the system isn't created or destroyed. Their...
  6. C

    RIP Pearl

    According to SB, Pearl was bought by another company. Anyone know the name and contact details of the new company?
  7. C

    Belgian freelance taxable income

    Is social security and income tax both computed from the same "taxable income" figure, if you're in a freelance arrangement?
  8. C

    Belgian freelance social security

    I'd like to compute Belgian social security costs. I understand that social security goes up 1/2% annually, starting at 20.5% and a ceiling of 22%. yr 1 20.5% of this years income (initially 20.5% of 11824€, adjusted after actuals are known) yr 2 21.0% of this years income (initially 20.5% of...
  9. C

    Anyone using/used Access Financial Services?

    See this thread for a comprehensive list: http://forums.contractoruk.com/accounting-legal/42341-belgium-umbrella-companies.html
  10. C

    Belgium: umbrella companies

    Scratch them off the list. Conto Direct does nothing more than accounting. They cannot do invoicing and pay freelancers, and they cannot directly employ contractors. They simply refer contractors to AFSS.
  11. C

    Belgium: umbrella companies

    More payroll companies needed. Of the 30 or so companies I've contacted, only around 6 of them responded, and of those, most of them drag their feet, and withhold information. I'm still looking for an umbrella company that is transparent, and motivated. If a company that does business in...
  12. C

    Freelance tax higher in Belgium?

    Can you prove that? A net retention percentage is almost useless without knowing how it's derived. Every umbrella rep throws out these retention numbers, but they all end up having hidden fees. What's the best option if you cannot heavily deduct expenses? I misinterpreted what you said...
  13. C

    Freelance tax higher in Belgium?

    The difference in taxable income isn't enough to explain the difference, if the same tax table applies. The increase in taxable income would have to occur in a tax bracket that's taxed at 100% in order for the taxable income offset to cover the whole difference in tax. Don't you have that...
  14. C

    Freelance tax higher in Belgium?

    An umbrella company quotes the same retention figure for their freelance arrangement as for their direct employment arrangement. Belgian freelancers pay less social security (because 20% < 35+13.07%) - so one would expect freelancers to have less overhead, and take more home. When asked why...
  15. C

    Belgium: umbrella companies

    From what I understand, freelancing pays the same in the end. So social security is 25% (for freelancers) rather than 35%+13.07% (for employees under an umbrella), but the standard deduction for freelancing is half that of salaried income. And doesn't VAT somehow come into play with...
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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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