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Recent content by ian2012
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Entrepreneurs relief for one retiring director
A company share buyback does look like an appealing option but the difficulty would be in convincing HMRC that it was for the benefit of trade of the remaining company rather than being undertaken for your own personal tax reasons (the "trade benefit" test) Also if your other company is in a...- ian2012
- Post #12
- Forum: Accounting / Legal
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Will entrepreneurs relief be the next thing to go?
My ltd company has about 250k sitting in cash which I'd planned to pay out slowly as dividends over the years. Osborne shafting contractors in the budget has ruined that plan. The marginal tax rate will be even worse than people in employment for any contractors going into the higher tax band...- ian2012
- Thread
- Replies: 17
- Forum: Accounting / Legal
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Crunch Online Accounting
Wow - there seems to be lots of people criticising Crunch (am guessing half work for competing companies) I've been using Crunch for past 3 years and think the service is great (and obviously lots of other contractors do given its popularity) The software is easy to use, I like being in...- ian2012
- Post #45
- Forum: Accounting / Legal
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Experience with Crunch Accountants
Crunch service is great Crunch service is great I've been using Crunch for 2 years and think its a great service. I can log in anytime and see exactly how my company is performing, and it makes the whole process of running a company easy to understand. Automatic upload of scanned expense...- ian2012
- Post #14
- Forum: Accounting / Legal
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Form 42 Query - Unmarried partner becomes a director
Well lets see if I can make my question next year much more intelligent then :smile The HMRC regulations state.... A report is not normally required where shares are transferred by an individual in the normal course of domestic, family or personal relationships of the person transferring the...- ian2012
- Post #8
- Forum: Accounting / Legal
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Form 42 Query - Unmarried partner becomes a director
Hi Last year my girlfriend joined me to became a director of our company and is now contracting herself and drawing salary/dividends. Do I need to complete Form 42 showing a transfer of a £1 notional share, or would the fact it was a transfer between a domestic partnership mean I could use...- ian2012
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- Replies: 18
- Forum: Accounting / Legal
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IR35 clampdown - would it help if I became employee of my partner's company?
Hello My fiance already contracts through her own sole limited company. Like most people her contract terms are outside IR35 although she scores very poorly on the new points scheme introduced by HMRC. I am about to start an IT contract for the first time (for the same client as my fiance)...- ian2012
- Thread
- Replies: 2
- Forum: Accounting / Legal
