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Recent content by css_jay99

  1. css_jay99

    Forced to change Umbrella. Views on Giant and Paystream

    Thanks all Looks like it might be have to be Paystream. I'll double check the salary sacrifice payment period with them.
  2. css_jay99

    Forced to change Umbrella. Views on Giant and Paystream

    Not an option without me terminating my contract
  3. css_jay99

    Forced to change Umbrella. Views on Giant and Paystream

    I am currently with Nasa. My agency has informed me that due to up coming legislation/compliance they are reducing their umbrella list to 3, i.e. Advanced, Giant and Paystream so I have to comply next month. Not please about this but its a client wide change. My main concerns are : 1) All...
  4. css_jay99

    LTE modem with built in vpn server

    I am looking for a Router/modem that can take a data sim card and also have built in open vpn server. This is to place in a house without internet connection. It allows me to hook devices in the house to a wifi network and have remote access to the network. Thanks
  5. css_jay99

    Carryforward loss as a tax wheeze?

    Unless I am mistaken, you can only carry back losses if they are related to trading, as far as the HMRC software is concerned salary is not part of it. Also paying salary & pension out of retained earnings is effectively double taxation. You have already paid CT on retained earnings so better...
  6. css_jay99

    Best to pay no salary?

    Damn, the house always wins. I wonder why this affect us mere mortals while billionaires moonwalk out of these traps
  7. css_jay99

    Self Assessment - getting charged tax on less than £1k dividend

    Certainly showing in the computation as Dividend. Income is over £100k. I came across a post on the HMRC forum with similar observation and an explaining of how HMRC pre-allocate the pots of income against Personal allowance but at the end of the thread an admin said it was wrong and to...
  8. css_jay99

    Self Assessment - getting charged tax on less than £1k dividend

    Current on inside IR35 and filling out my Self Assessment. I included a £500 dividend from ltd company and the Tax computation is including a charge on the dividend at 20%. I thought dividend allowance is £1000 for 2023/24 regardless of income so nothing to pay ? Online calculators are showing...
  9. css_jay99

    BADR and outside IR35 query

    If not finalised pre 6th April does that mean I'll be be on 14% charge or start of the process determines what will get charged?
  10. css_jay99

    BADR and outside IR35 query

    Thanks, I’ll check with him. Instead of going through an umbrella in such circumstances, Will another ltd company suffice whereby I am paid via PAYE and maxing out pension contributions?. I think the mrs ltd is still operating even though stopped contracting for some time now
  11. css_jay99

    BADR and outside IR35 query

    I have been on inside ir35 contract for the last 4yrs and that seems to be direction of travel for a lot of companies. I was thinking of going down the BADR route to get all money out of company more so due to the upcoming tax hike Is there still enough time to do BADR before the new tax year...
  12. css_jay99

    Expensing vs capitalising laptop purchases

    Thanks all, crystal.
  13. css_jay99

    Expensing vs capitalising laptop purchases

    I normally capitalise monitors,laptops and claim FYA. I engaged an accountant 2 years ago to do my accounts and he expensed a monitor and laptop I purchased. While the total of both were about £1k, I saw the sense in that. Main advantage being that I don't have keep entering depreciation year...
  14. css_jay99

    Mortgage affordability query

    Sounds like she will be stuck with this for a while. Just spoke to someone who purchased a 2nd property last year. He said :- 1) The solicitors will need to know where the money comes from and the parents will need to show proof of how they got the money. 2) She will also need a consent to let...
  15. css_jay99

    Mortgage affordability query

    I have a niece currently selling her flat and buying another. Looks like the agent & solicitor have been pretty much incompetent resulting in the process dragging on for almost 6 months. Her buyer has given an ultimatum to complete by end of the month or they pull out. She will also loose out...
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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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