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Recent content by Ned
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PAYE confusion when going back to permie while Ltd is still ticking for a while
My "cloud" accountants said, I can't be a director and not be PAYE registered. So I assume I would need to start liquidation proceedings if I wanted to deregister and get a P45? I'm not ready for that yet. Sounds like I will just wait for the first pay slip and phone up HMRC for more suitable...- Ned
- Post #6
- Forum: Accounting / Legal
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PAYE confusion when going back to permie while Ltd is still ticking for a while
Hey I've taken a permanent role after contracting for 3 years. Same net revenue, so made sense to me. I want to have my ltd still ticking, so I'm still a director doing zero PAYE submissions. I'm basically doing zero submissions, because there isn't any to take out. When I joined the...- Ned
- Thread
- Replies: 11
- Forum: Accounting / Legal
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BTL portfolio under a Ltd Company
They would be mortgaged. OK, so higher borrowing costs. Makes sense. Assuming we do find rates we find reasonable, any other pitfals? The way I see it happen, is that we wouldn't extract much until we are ready to retire in 20 or 30 years. I'm assuming we won't pay a lot of corporation... -
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BTL portfolio under a Ltd Company
My wife and I, have started a modest BTL investment portfolio which we want to keep building up over the next 20 years. Considering the onslaught on private BTL investors in the past few budgets and reviews. Would it be worth to start thinking about moving portfolio into a Ltd company? I've... -
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Crackdown on personal service companies could raise £400m in tax
This is sufficiently vague This is sufficiently vague This is sufficiently vague to be worrying -
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Crackdown on personal service companies could raise £400m in tax
True, that would be scuttle the rent-a-coder or 'charitable' work for local businesses strategy. -
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Crackdown on personal service companies could raise £400m in tax
Agreed, if time spent requirements are unrealistic then it would make rent-a-coder strategy difficult. I don't want to or even can sacrifice more than 10 hours a week above what I currently make available. That would make a 25%-75% split realistic if painful, but nothing above that. I see... -
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Crackdown on personal service companies could raise £400m in tax
Multiple Clients Multiple Clients So all this doesn't apply if you invoice multiple clients. To me this seems like a likely candidate to work around this. If you can prove to whoever has the onus for making sure contractor passes test, that you invoice other clients, then that seems like a... -
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Crackdown on personal service companies could raise £400m in tax
Some (hopeful?) intepretation Some (hopeful?) intepretation More IR35 rumours - Contractor Weekly Sounds like this may be a push to force clients to be more aware of working arrangements and apply testing for their contractor staff. If this is what it's all about, then the optimist... -
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Whats your views on Budget 2015?
Hi, First year contractor. So bear with me as I'm not entirely clear how exactly this will affect things. Let's assume Salary of £8,000 and Net Dividend of £100,000. How much would one's personal tax bill be with these new rules?- Ned
- Post #39
- Forum: Accounting / Legal
