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Recent content by monkeygeorge

  1. M

    Honestly, how difficult is it to keep your own accounts?

    We all put different values on things, it's very much a personal thing, I've looked at what's involved and it really is very simple stuff. I'm in a position where I can spare an hour or two a month so for me it makes no sense to pay someone to do it. However, I will pay £10-£15 a week to have...
  2. M

    Honestly, how difficult is it to keep your own accounts?

    What part of the CD ROM does payroll? I understood you use it for P14 and P35 etc. My brother's an accountant and he quickly went though the payroll with me, it really does look very simple: Use the the HMRC tables to work out the tax based on your tax code, but basically salary is fixed...
  3. M

    Honestly, how difficult is it to keep your own accounts?

    Due to recent price increases I've been motivated to look elsewhere myself but before committing to a cheaper acocuntant, I wanted to look at doing my own accounts. I've installed the HMRC Employer CD ROM, but I want to know if that will do the basic monthly stuff, ie: calculates salary and...
  4. M

    Client gone bust =- should I still get paid?

    No, I didn't meet the client face to face. Not, not a member of the PGC.
  5. M

    Client gone bust =- should I still get paid?

    Thanks all. My contract is with the agency. Looks like I acted too hastily when the agent told me to go ahead and opt out, assuring me there's no problem and that most people do it. Of course no one expected this would happen. I was intending to work a few days during the notice period but I...
  6. M

    Client gone bust =- should I still get paid?

    Between my agent and the client there are two consultancies, one UK and one overseas. The client has no money to pay the overseas consultancy but I thought I should still get paid for the two week notice period, given that my contract is with my agency. The agency is saying I shouldn't bill...
  7. M

    How much of your dividends do you withdraw?

    Interesting, but I would have thought you could only get away with this if you don't open another company and continue trading as before.
  8. M

    How much of your dividends do you withdraw?

    OK I got it, thanks.
  9. M

    How much of your dividends do you withdraw?

    Wasn't this loophole abolished in April?
  10. M

    How much of your dividends do you withdraw?

    OK, so you take as much in dividends as you can to keep you below the threshold. So you leave the majority of the dividends in the company account forever to avoid paying tax? Eventually you’re going to withraw those funds, at which point you will exceed the threshold anyway, by a huge amount...
  11. M

    How much of your dividends do you withdraw?

    But why not take it now and invest in a high interest account, rather than leave it in your company account. What good is it doing there? What do you mean no further taxation consequences if you draw it at a later date?
  12. M

    How much of your dividends do you withdraw?

    I've heard mixed views on the best approach, however I see little benefit in keeping funds in your company, either you take the dividends and get taxed on a regular basis, or you take it some point in the future and get taxed heavily then? I understand it's no longer possible to close your...
  13. M

    Unpaid VAT invoice - advice please

    I wasn't offered a choice, I just do what I'm told!
  14. M

    Unpaid VAT invoice - advice please

    I've already paid it, so it's too late now, isn't it? Would the HRMC care if they already have their money?
  15. M

    Unpaid VAT invoice - advice please

    Yes, I had the VAT registration backdated. I'll contact the VAT office if this goes on much longer, thanks. It would be good if the agency would actually respond to me and actually confirm they're not obliged to pay! They kept saying they'll look into it and recently ignored me completely.
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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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