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Recent content by Davey78

  1. D

    VAT Registration

    I've now had the anticipated "proof of in business" request. This a couple of weeks after I filed for VAT registration, which, from other posts in this thread, is reasonably swift. Now that they have the evidence, which I sent off on Monday, I doubt they'll process the application with the...
  2. D

    Business Expenses - the definitive guide?

    Here's the link: http://www.hmrc.gov.uk/guidance/480.htm
  3. D

    Dividend & Book keeping

    You'll definitely need to include it in your cash flow statement as an outflow (if you prepare a cash flow statement). Dividends that have been declared, but not yet paid, would appear as a current liability on the balance sheet. Dividends already paid do not appear on the balance sheet as...
  4. D

    Oyster Card

    Cheers minstrel - always good to get a second opinion on these things.
  5. D

    Oyster Card

    I'm trying to decipher the rules on using Oyster and reimbursing myself for the travel (Ltd co, outside IR35, temporary workplace, etc.). Some searching reveals that this has come up in the past, but there was never any general agreement about what is the correct thing to do. I've been looking...
  6. D

    VAT Registration

    I submitted my VAT registration online and then sent the FRS application via email. The email bounced, so I tried again and it bounced again. I phoned them up and they said the email address on the website was wrong. So I sent the FRS via email to the correct address and got a call the next...
  7. D

    Your MBTI type

    ENTJ... * slightly expressed extrovert * very expressed intuitive personality * slightly expressed thinking personality * slightly expressed judging personality Seems about right for me.
  8. D

    Offshore clarification

    My current (and only) contract required me to show a copy of the Certificate of Incorporation and a report from Companies House proving that I am a director (and thus able to sign the contract of behalf of my Limited company). So it does happen.
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    Who writes the contract

    I would definitely recommend joining PCG. It's a complete no-brainer for all the benefits you get. I'd go for Plus membership as the extra benefits (PAYE investigation cover, Jury Service cover, etc.) are definitely worth it. Go for Standard only if the money is an issue. FWIW, I joined up...
  10. D

    Business car insurance

    I upgraded to the lowest level of business cover with my insurer, which covers commuting to multiple workplaces, and it cost virtually nothing extra. Maybe an extra 5 GBP a year or something insignificant like that.
  11. D

    Ltd Company - 2nd director liabilities

    If you don't pay her, which you're not obliged to unless you give her a service contract as a director or an employment contract as the company secretary, then she won't pay any tax. If you choose to pay her, she'll pay tax and NI (and you'll have to pay employer's NI) on this, in whatever band...
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    What's the minimum salary I can pay myself?

    Yes, and I intend to pay myself a monthly salary that is in line with minimum wage. However, the minimum wage is set at an hourly rate. Therefore, how many hours per week are considered "full time" for the basis of a salary that is above minimum wage? The reason for asking this is that if I...
  13. D

    What's the minimum salary I can pay myself?

    I've read this thread with some interest as I have recently started out on my first contract; having set up a Limited company I am facing the same situation regarding how much to pay myself. I've come to the conclusion that, despite the tax disadvantages, it seems more correct to pay myself a...
  14. D

    Advice for a newbie please

    I've looked on Jobserve periodically to get an idea of the market for my skills. I'm primarily looking at specialising in Java development (although that in itself is hardly a specialisation) and I obviously have particular experience with IBM technologies such as WebSphere, etc. This is the...
  15. D

    Advice for a newbie please

    XLMonkey: thanks for the link. I perhaps didn't stress that I have done a lot of research and I have built up a suitable financial buffer as I've been planning to become a contractor for a while now. I am aware that I have to do my own searching and that no-one is going to do things for me...
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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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