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Recent content by Owl

  1. O

    Moving from contract to perm? Doing the financials?

    Hi, Ive just been offered a perm job which begins in January 09 and given the current climate, have decided to take it. Ive only really been temping via a limited company for 5 months. Can anyone advise on whether/when to make my company dormant - does it arouse any interest in HMRC? I...
  2. O

    PAYE not set up by accountant correctly?

    Hi David Im paying myself approx 20K a yr, ie 1700 gross each month. It's probably a lot higher than anyone here is paying themselves so potentially i should/could bring it down. I think ive finally been sent my reference details after hassling the accountant continuously so im going to...
  3. O

    PAYE not set up by accountant correctly?

    Hi David, Thanks for that info - i did pay my accountant £250 in total to get everything set up (company, PAYE, VAT etc) and then he went on hols. The company has been set up but he also seems to have set up the correspondence address to be his home so i havent received any paye details and...
  4. O

    PAYE not set up by accountant correctly?

    Hi all, My accountant went on hols and sent me a letter to say he had set up my PAYE and docs will be sent from the Revenue in 8 weeks. I havent heard anything (3 weeks later) and do not know what PAYE ref to put on my P45. Do i need to put a new PAYE ref or can i wait till accountant is...
  5. O

    Employees NI As Ltd Director

    Hi, Im not earning as much but say im not full PAYE and paying approx 20K a year (1667 a month gross). Does this mean no NI needs to be paid till month 4 as that's when id hit the 5225 threshold? (1667*4 - 5225) x 11% = £158.62 Similarily, employer (1667*4 - 5225) x 12.8% = £213 And these...
  6. O

    What exactly am I paying my accountant for?

    Can you get one of these afroementioned spreadsheets from HMRC or does anyone have a spare to hand? ;) My confusion is im just starting out so relying on HMRC on when to pay myself a dividend and how much! And how does PAYE work in this case. My accountant doesnt seem to want to know now ive...
  7. O

    Do i need an accountant for the whole year? (as a limited company)

    Hi, I just spoke to my accountant and he said he isnt looking to take on clients on an as/when basis and that i need to pay an extra £100 to cover existing costs! Im so annoyed and even if i was more inclined to do the monthly thing, ive now been put off by him trying to persuade me heavily...
  8. O

    Do i need an accountant for the whole year? (as a limited company)

    Hi all, Ive just paid an accountant to set my limited company up. Its my first time contracting and they have done the paperwork and charged me £150. I am happy with this but they have said they want me to sign up to 1 yr of payments. Strangely enough! Im an accountant myself and im hoping...

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