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Recent content by Spoiler

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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    Just to wrap up my interlude on this thread - as i know we all like a happy ending. :smile The agency has agreed and sent confirmation that they will not enforce the exclusivity clause in our contract, thus allowing me to go direct with the end client. No need for me to withdraw my opt-out and...
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    Fair point well made :tongue Just realised the title says Inside (found it via search and didn’t notice the title) :happy Although on my first post, i did state ‘outside’.
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    Just to clarify my specific position (as i hijacked this thread) - my contract is outside IR35.
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    The "client" and I are aligned and they want to cut out the agent, so they are approaching the agent their side and negotiating removal of the non-compete. Let's see what happens. I don't care about upsetting the agent (just as long as they don't come after me legally :laugh).
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    Thanks. Actually this 'opt-in' status thing is my plan C. Plans A & B are already in motion, just looking for an alternate if something doesn't work out. I'm fine with the contract not renewing, have already floated the idea that I won't renew. This would be my terms if they want me to renew.
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    One thing only - reduce the exclusivity period from 12 months to 8 weeks. :)
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    ok. So, i think in the scenario where i opted out at the start of the contract/assignment (lets just pretend it was all done correctly). I can now withdraw my opt-out (or “opt-in”) before the end of the assignment. But it makes no material difference to the contract terms - the opt-in didn’t...
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    Contract inside IR35, via Umbrella, Agency insists on opt-out of 2003 Regs

    Question on this - having opted-out, what is the point of being able to opt-in but it only taking effect following completion of the assignment? Does that actually change anything? Specifically, does the opt-in change the terms around exclusivity? Example: Opted-out at the start. Contract has...
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    Do I need an Accountant if I go for FreeAgent?

    will do - thanks :)
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    Do I need an Accountant if I go for FreeAgent?

    Yep. I will phone round a few FA accountants and see if they will do a custom package. I will do the tasks that I feel confident in doing.
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    Business Savings Account

    Currently using Tide but interested in the Cap on Tap account when it’s available. Have used CoT credit card for a few years - works well. Would ben happy to consolidate C & savings to one provider and bin off Tide.
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    Do I need an Accountant if I go for FreeAgent?

    Hijacking the thread because ... it's topical for me this. :tongue Been using FA for over 8 years now, and also using a usual contractor accountant who does vat, payroll, accounts, etc. But, looking at moving away from daily contracting next April, but planning on keeping the ltd going for a...
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    New share allocation (SH01) - is this not diluting holdings?

    Bit of both - along with admin stuff, she is taking calls, selling products to customers. Taking website orders and ensuring they are scheduled for delivery. Brother is primarily out delivering services.
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    New share allocation (SH01) - is this not diluting holdings?

    Thanks. I get the dividend payment thing, and using the B share to give dividends to the brother only is fine. There’s no issues with that (due to the different contribution levels of work). About the split in ‘power’ - thanks, i can see how the sister still has 50% voting rights. :) I guess...
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    New share allocation (SH01) - is this not diluting holdings?

    About workloads: Brother: works full-time in the business Sister: Part-time (2 days/week) The current distribution of ‘wages’ is fine, there’s no issues with the current split. And also no concern if the brother wants his paid as salary, or dividends, or both. The question i was interested in...

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