-
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Recent content by soln
-
S
QDOS TLC Insurance
This is assuring. I might proceed with QDOS Tax Enquiry Insurance which is half of TLC35 Cover which only covers tax liability arising if I am caught out as inside IR35. My last statement was not clear. I was referring to any tax liability from HMRC rather than from my client which is unlikely...- soln
- Post #10
- Forum: Accounting / Legal
-
S
QDOS TLC Insurance
My company is still open but have no active clients at the moment. The current business insurance cover runs out next month. QDOS TLC was an attractive option as there was some liability cover whereas IPSE is purely representation at same cost. It is a different matter whether QDOS will pay out...- soln
- Post #8
- Forum: Accounting / Legal
-
S
QDOS TLC Insurance
I spoke to an agent Sushil over the phone and it is all clear about coverage of retrospective contracts as most would be in similar situation as mine who want to cover retrospective activity when shutting down the company. I should have had this insurance for a while but didn’t. My query is...- soln
- Post #5
- Forum: Accounting / Legal
-
S
QDOS TLC Insurance
QDOS TLC includes Tax Liability cover which starts at £25K and covers all Tax related enquiries including professional representation. It will cover retrospective contracts and also current. As I no longer use my Ltd Company I only need for retrospective contracts. In this forum, people...- soln
- Post #3
- Forum: Accounting / Legal
-
S
QDOS TLC Insurance
As my client stopped using Ltd Co from April 2020, I had to take up a PAYE contract through the Agency and from August I am using Umbrella Company. I had kept my Ltd Co open in the hope that there might be further delay in IR35 reform or I could find some work which accepts Ltd Co. Given that...- soln
- Thread
- Replies: 12
- Forum: Accounting / Legal
-
S
Selecting Umbrella for my PAYE contract
@BABABlackSheep, thanks for your feedback on Paystream. @northernladuk, I would like to thank you as well for patiently replying to my queries. It is much appreciated. I learnt more here than from the Agency who asked me to reach out to each Umbrella companies as they (and also client) have no...- soln
- Post #15
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
Agency came back this morning that client allows only the below Umbrellas :- Danbro Focused Umbrella Paystream However they need more than a week to process as they assumed I will go PAYE till now. This would mean I will go unpaid for few days. But good news is they will pay me the 11 accrued...- soln
- Post #12
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
That is a good point on the Agency PAYE and Umbrella rates. So far I have only been quoted a Base Day Rate from which they deduct holiday pay before calculating my day rate before employee income tax and national insurance. Employer's NI and Apprentice Levy are being paid to Agency on top by...- soln
- Post #10
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
They have not given me a list of Umbrella Companies so assume I can choose mine. I believe that the contributions are still capped at £40k per year as annual allowance out of which I have already put in £20K into my SIPP to recover some tax paid for this tax year. Even though I save 2% NI by...- soln
- Post #8
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
I will ask but they might argue that I am not technically leaving the contract mid-way but finishing the contract during which I was able to take the accrued holidays. They are putting me on new contract on my request to change "title" which reflects my current role. I still need to take...- soln
- Post #7
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
The contract I signed says that the holidays need to be taken by end of year else I lose it. However as my original contract was only till 31 July (extended till 10 August) I accrued 10 holidays which is now too late for me to take. Technically if I continue on Agency's payroll I might still be...- soln
- Post #5
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
The current forms did not give me a list of Umbrella companies so assume that I can choose my own. I believe that the contributions are still limited to annual allowance of £40k from which I have already contributed £20k into my SIPP for this tax year to recover tax paid for last 4 months...- soln
- Post #4
- Forum: Umbrella Companies
-
S
Selecting Umbrella for my PAYE contract
My client moved me from Ltd. to PAYE in April even though the IR35 reform was delayed. Their argument was that most contractors had been moved to PAYE in February so would be unfair to have some to remain on Ltd. At that time they did not allow me to go via Umbrella Companies. Using Agency...- soln
- Thread
- Replies: 15
- Forum: Umbrella Companies
