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Recent content by jigsaw
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Newbie – what I’ve learned so far.
WHS. Don't assume you are IR35 caught. Assume you're not and insure yourself against it, otherwise you have already lost and you won't be able to claim training, laptops, nothing unless you get all that within the 5% (which you won't after your accountancy fees). If we all assume we're outside...- jigsaw
- Post #3
- Forum: Accounting / Legal
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Recommendation - Accounting software
I have just started using this: http://www.freeagentcentral.com/index I like it because it seems to take care of everything concerned with running a small contractor/freelance business (including paye and dividends) and most importantly keeps me 100% informed of the financial and tax position...- jigsaw
- Post #7
- Forum: Accounting / Legal
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Can I buy a new phone through my business?
I don't think you need to worry about this at all. It's a justified item of business equipment regardless of whether you could use it for personal use or not. In the grand scheme of things this purchase would be pretty irrelevant.- jigsaw
- Post #6
- Forum: Accounting / Legal
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Sunday Solutions cold calling
Agreed. This is no IR35 magic solution as your "self employed" status could be challenged at any point. So then what is it? A partnership with your contract income? Nice. If this were on "Mythbusters" - it would be BUSTED.- jigsaw
- Post #32
- Forum: Accounting / Legal
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Sunday Solutions cold calling
From what I remember, the scheme is based on the premise that as an LLP member, you pay schedule D income tax and Class 2 & 4 NI contributions. So you have to register with HMRC as "Self Employed" and pay your tax and NI accordingly, supposedly saving employers NI etc. Their sales pitch was that...- jigsaw
- Post #30
- Forum: Accounting / Legal
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Sunday Solutions cold calling
Awe malvolio - don't spoil my fun! I was wanting to know what they would say. I'm sure as part of their marketing bull they would answer this if asked without getting a solicitor involved. And the last time I spoke with them they told me the 'scheme' was an LLP, not an umbrella unless they've...- jigsaw
- Post #28
- Forum: Accounting / Legal
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Sunday Solutions cold calling
If you speak to them again, could you ask them how their scheme doesn't make you an employee and therefore how it gets you out of IR35 and post us their answer please?- jigsaw
- Post #25
- Forum: Accounting / Legal
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Work through ltd for 3 month contract only?
... and your accountant will need to prepare final accounts when you close it, for which they will charge you more than you might think you saved on just going PAYE probably..- jigsaw
- Post #7
- Forum: Accounting / Legal
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filetravel
Interesting. It could be the expenses are being stopped because of the 24 month rule. Or it could be that company is having its HMRC dispensation reviewed. This could well be a sign of the latest HMRC/Govt attack who have now turned their attentions to umbrella expense payments to contractors.- jigsaw
- Post #3
- Forum: Accounting / Legal
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10 Point Plan to Legally Avoid IR35
No, I was not too young to remember the Labour landslide of 1997. So in the news article of 1999 pointed out, Labour had been in power for nearly two years. Actually I might not like 99% of what either party did. I have general dislike for most politicians. My point was what each political...- jigsaw
- Post #21
- Forum: Accounting / Legal
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Sunday Solutions cold calling
PSC = Personal Service Company = basically a 1 man band Ltd Co MSC = Managed Service Company = basically a managed, many man band Ltd Co all sharing the advantages and profits etc. MSC now effectively banned HMRC & govt legislation (thanks Gordon). Sunday Solutions = LLP = Limited Liability...- jigsaw
- Post #8
- Forum: Accounting / Legal
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10 Point Plan to Legally Avoid IR35
Although I have never voted for the Tories in my life before, my tactical vote will be going their way this time for this issue of IR35 plus what they did to MSC legislation and everything Malvolio mentioned in his post about Family Busines Tax, etc. At least the Tories are saying they will do...- jigsaw
- Post #19
- Forum: Accounting / Legal
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HMRC, IR35 & 'Small Fry' contractors
One of my contracts is support work. One of my professional contract reviews (for insurance purposes) concluded, in the context of the amount of control the client had over me: "Support roles by their nature tend to mean that the work controls you and they are often on an ongoing basis with no...- jigsaw
- Post #5
- Forum: Accounting / Legal
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tax codes
My take on this is, as far as I know, the basic tax allowance is spread over 12 months yes. But if you only started work in August say, (and had no income before that from April) then you would be allowed your tax free allowances for April to August - thus allowing you to earn a bit more when...- jigsaw
- Post #3
- Forum: Accounting / Legal
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HMRC April 2009
My take on this would be that if you were subject to a review by HMRC and you operated outside IR35, you would have to be able to demonstrate that you took reasonable care in making the decision that your contract(s) were outside IR35. Operating outside IR35 obviously affects how you will fill...- jigsaw
- Post #2
- Forum: Accounting / Legal
