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Recent content by NewBoy
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Contractor Rates
Hi all I'm currently reviewing the contractor population for one of my clients and part if the review is to determine whether or not they are paying the right amount. I have always believed that it is possible to measure the quality a company expects by their permanent salaries, and as such...- NewBoy
- Thread
- Replies: 13
- Forum: Business / Contracts
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Anyone here had a Porsche 911?
I had a 5 year old 996 carrera 4s and loved it...it had the GT2 kit on it and looked awesome. I covered 30k miles in the 12 months I had it and it was cheaper to run than the A5 I have now...super reliable and nowhere near super car servicing costs. Room in back for kids and can easily... -
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Single Vendor 'v' Multiple Vendor
Hi guys I'm currently doing a review of a major IT transformation proposal and the company has narrowed it down to 4 vendors. It appears that the main difference is that 2 of them offer a single supplier solution and 2 of them would need to engage proven third parties to join forces with in... -
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Contract in Saudi through Ltd Company - Tax Status
Non-residency is always a tricky one…I spent 9 month in the UAE and although everything suggests otherwise, for some reason my accountant believed me to be considered non-resident during this period (something to do with a special ruling re: the middle east and the Caribbean)…and despite not...- NewBoy
- Post #4
- Forum: Accounting / Legal
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Husband - Wife shareholding
Keep your wife out of it...trust me...business and personal...keep it seperate... Yes she may help with your filing etc...but she does that as a helpful wife, in the same way that you may help her with her CV as a helpful husband...it doesn't mean you get a slice of her salary when she lands a...- NewBoy
- Post #8
- Forum: Accounting / Legal
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What would you do?
Thank you for taking the time to respond...however, your suggestion about sacking Darren is a disgrace given that I haven't asked him for advice on this matter at this point and I was simply looking for a general consensus... As for calling me sonny...suggest that in future you might wish to...- NewBoy
- Post #3
- Forum: Accounting / Legal
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What would you do?
I completed my first month of contracting under the banner of my Limited Company in March, for which I invoiced £9k+VAT. This is my only taxable income for the 2006/7 financial year as the rest of my income was earned overseas for which I qualify as non-resident. So...what would you do? The...- NewBoy
- Thread
- Replies: 5
- Forum: Accounting / Legal
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IT Contractors - monthly payment?
My last contract I invoiced quarterly...and my current one I'm invoicing monthly...to be honest, really not bothered.. On a short contract (i.e. 3 months) I would probably just invoice at the end as this is how I think a business should run... If you are being completely IR35 friendly then you...- NewBoy
- Post #34
- Forum: Business / Contracts
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Higher Corporation Tax
Gordo is such a cock! Extract from that fat ones speech... ..."But I do need to act to deal with individuals artificially incorporating as small companies to avoid paying their due share of tax, a practise if left unaddressed would cost the rest of the taxpaying population billions of...- NewBoy
- Post #23
- Forum: Accounting / Legal
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IR35 - Day Rate
One of the items that seems to potentially make a contract sit within IR35 is the fact that we charge by day rather than by 'task'. Apart from being ridiculous in the sense that I don't know a single permie that knows their day rate because they are paid to complete a role over the course of a...- NewBoy
- Thread
- Replies: 4
- Forum: Accounting / Legal
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Permie wants advice before switching
Contracting takes a certain mentality, not a certain skill... I left permie and went contracting 12 months ago...resigned first, too some time off (4 months of Garden Leave which was nice), set up my Ltd and then went looking... WIthin 3 days I received a call from someone who had seen my CV... -
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Expenses Question
With regards the original question...i.e. £800 for your mate and £180 for you, are you sure this is not just in the wording... If paystream are saying that you should end up paying c.18% tax on your income (which many of these companies seem to promise, no idea if its true) then technically if...- NewBoy
- Post #6
- Forum: Accounting / Legal
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Final Stance on IR35
If what The Puma is saying is correct...then why would anyone pay themselves more that the obligitory £5,035 salary? I know this question has been asked repeatedly but that was without the benefit of the information from The Puma...it seems to me that if you pay yourself a £5,035 salary...- NewBoy
- Post #29
- Forum: Accounting / Legal
