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Recent content by Mobix
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Closing Down Company
It's Qaccounting. They've billed me £300 for closing down the company and then there is further £60 monthly fee (maximum 3 times) charged until the DS01 is submitted. Does that sound like a ripoff?- Mobix
- Post #3
- Forum: Business / Contracts
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M
Closing Down Company
Hey, I've told my accountants back in November that I wanted to close my LTD since I'm inside IR35 now. I've not worked outside IR35 since the start of the current tax year. My company's financial year is September-August. Any idea how long does the whole process usually take? It's been over 2...- Mobix
- Thread
- Replies: 3
- Forum: Business / Contracts
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Paid twice in 1 accounting month
Got any umbrellas you recommend? They are being quite bad and the screwed up big time at the beginning by processing my monthly invoice as if it was weekly.- Mobix
- Post #19
- Forum: Accounting / Legal
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Paid twice in 1 accounting month
Without P45? I gave them my P45 from the limited company. They said they do not need it though and asked me not to send it to them. Do you mean P45 from the current tax year?- Mobix
- Post #17
- Forum: Accounting / Legal
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Paid twice in 1 accounting month
You mentioned umbrella receiving the correct tax code but this was their response: "You would have been allocated the tax code 1257L M1W1 as when you completed the new employee starter form, you entered that this was now your only job." By the sounds of it the umbrella thinks this is the...- Mobix
- Post #15
- Forum: Accounting / Legal
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Paid twice in 1 accounting month
The ratio of money missed out is actually a bit worse due to student loan. That money now could have been used to pay for a deposit or invested. I don't know, if I was designing a payroll system for contractors I would have a check is this person on a monthly timesheet? If yes, check if they...- Mobix
- Post #12
- Forum: Accounting / Legal
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M
Paid twice in 1 accounting month
I just checked and my tax code ends with W1M1. According the gov website it's If your employee’s tax code has ‘W1’ or ‘M1’ at the end W1 (week 1) and M1 (month 1) are emergency tax codes and appear at the end of an employee’s tax code, for example ‘577L W1’ or ‘577L M1’. Calculate your...- Mobix
- Post #8
- Forum: Accounting / Legal
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M
Paid twice in 1 accounting month
I get that but it feels like to make like I missed out on a lot of money now due to my agency's and umbrella's faults. They are both the tax experts not me. Both companies take money for my paycheck each months and they kind get this simple thing right or even warn the contractor in advance. It...- Mobix
- Post #6
- Forum: Accounting / Legal
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Paid twice in 1 accounting month
Sorry I don't think I explained it correctly. Back in May I got paid for April and now on the 4th of June I got paid for May. However, both of these payments were made in the same tax month - that's essentially my issue.- Mobix
- Post #3
- Forum: Accounting / Legal
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M
Paid twice in 1 accounting month
Hi, I recently had to switch to an umbrella due to IR35. I got paid for the first time in the May tax month. I submitted my timesheet for June as normal and my agency sent the money to the umbrella before the 4th of June. This meant that the Umbrella processed the payment within the same tax...- Mobix
- Thread
- accountant umbrella
- Replies: 19
- Forum: Accounting / Legal
