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Recent content by Limited

  1. L

    PAYE Recovery letters

    Hi I'm in the process of closing down a previous limited company and now working with a business partner in a new company. I've just received two letters (one to each company) asking for overdue PAYE payments. I know the new company is up to date. I think the problem is the accountants for the...
  2. L

    Hiring self employed contractor

    BGG: No, I used the pronoun "he" because the guy we want to hire is male. Useful post though. Thanks.
  3. L

    Hiring self employed contractor

    Ok. I've done some reading around and it looks like the self-employed option can't really be done along the lines of what we are looking for. So we are looking at additional costs of 12.8% employers NI + a small fee from our accountants for adding to the payroll + hassle and headaches of...
  4. L

    Hiring self employed contractor

    Thanks So what you're saying is that as soon as we want customers to think that he will be part of our company (even though he is actually acting as a consultant), then the relationship can't be one of self-employed? Any ideas of where I can go to get some more help with this? Would the usual...
  5. L

    Hiring self employed contractor

    Thanks all for your help To clarify, the contract with the end client is completely is outside ir35. My concern is his contract with us. Two issues that worry me are - we want him to appear to the outside world as part and parcel of our company. - as TykeMerc said, we don't want a right of...
  6. L

    Hiring self employed contractor

    Fairly confident that he will pay his taxes as self employed. Main worry is whether he might be viewed as an employee and I guess we would have additional NI to pay. On most of the IR35 type issues I think he would be viewed as self-employed, but as a sales person or when acting as a...
  7. L

    Hiring self employed contractor

    Our 2 fee-earner company is looking to hire the services of a sales person (fee + commission) who will also be providing some consultancy to our clients on an ad-hoc basis (fee to be agreed). We see the best way of doing this being on a self-employed basis as it will probably be short term and...
  8. L

    Taking Credit Card Payments

    Thanks. Any ideas how this is accounted for? If I just invoice the client as normal, but offer them the ability to pay by paypal would they get a receipt for the fee from Paypal? Alternatively, would I need to show the fee on my invoice and somehow account for the deduction?
  9. L

    Taking Credit Card Payments

    I have a customer that would like to pay for a small piece of work by credit card. Apparently it is easier to sort out at their end as they have quite a complicated process for raising POs. I can pass on any fees involved so I guess using Paypal or something similar would be ok. Just wondering...
  10. L

    Selling software that includes 3rd party open source

    All very helpful Thanks
  11. L

    Selling software that includes 3rd party open source

    We have developed some software that we would like to sell. We've got a bit of interest from existing customers, and I'm trying to put together the licence side of things. I've just realised that we're using a number of open source dlls and just wondered if anyone knows what the situation is...
  12. L

    Insurance - client named as additional insured

    Thanks. I asked the insurance company but they didn't know what I was talking about. I guess it can't be that common then, or certainly not for contractors / small businesses. Yes, very limited liability is usually put into all the contracts I can control. I'm not sure how much I can negotiate...
  13. L

    Closing Company

    And one more question that my accountant seems unable to answer... Is there any reason why I can't take some of the remaining funds as a pension contribution before starting the closing process. (nothing excessive, just similar to previous years) I stopped being on the payroll at the end of...
  14. L

    Closing Company

    I guess my intentions are fairly clear as I'm already working for the same clients through a different company (having created a new company with another contractor). That seems straightforward then. The retained profit will be taken as dividends, my accountant only gets the big cheque for...
  15. L

    Closing Company

    Thanks Alan. That's less than half what my accountant has quoted. I guess it's one of the reasons why the new venture is using a different accountant. Can I ask if you would also charge extra for organising the capital distribution? I'm being quoted a simliar charge on top for doing that...
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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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