1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
  • 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 spoovy

  1. S

    Leaving cash in ltd business long term

    Well I'd be paying 5k up front if I close the business in ER. So I either (Very rough figures obviously and yep not factoring inflation): * Take it out, pay 5k upfront. 45k remains. At 2% pa from offset/investment whatever: after 3 years approx 47,500k. * Leave it in. 50k - ~1k pa in costs...
  2. S

    Leaving cash in ltd business long term

    Thanks, I was thinking of keeping the IR35 insurance, but I hadn't considered PI. I will keep that too.
  3. S

    Leaving cash in ltd business long term

    Thanks for the reply. So what's the savvy way to do it? :wink
  4. S

    Leaving cash in ltd business long term

    Thanks for the reply. I was thinking of dropping the accountant and insurance policies straight away, as there will likely be no turnover while I'm a permie and I've timed the switchover to end neatly with this tax year. If I did lose the permie role I'd get them back again pronto of course...
  5. S

    Leaving cash in ltd business long term

    Thanks I will consult the accountant; just asking the experienced bods on here too. I don't see how ER reductions and/or CGT increases would affect me if I stuck to my plan though? Granted I would still have to take the cash out at some point, but if all went well over the next few years I'd...
  6. S

    Leaving cash in ltd business long term

    Thanks I wasn't aware of offset mortgages, I'll definitely look into that as depending on the mortgage rate I get that could even match the tax liabilities from ER over five years ish.
  7. S

    Leaving cash in ltd business long term

    I'll be going permie at the start of the new tax year (for the foreseeable future, though hopefully not forever), and I'm planning on buying a house (my first) this year at some point too. I have approx 50k in the business bank account which I don't need for the deposit. I'm quite nervious...
  8. S

    Guidance for new contractor please / How soon can I give notice?

    OK I think I'm getting it. It's not about who's right and who's wrong, it's about the customer is always right. So they can act in 'mercenary' fashion and that's their privilege as customer. I can't as I'm a supplier.
  9. S

    Guidance for new contractor please / How soon can I give notice?

    I'm really surprised and confused by these kinds of replies. In a business to business contractual relationship, why are the two parties' ethical responsibilities viewed so differently? Client: Tells me they have the money signed off when they don't; suddenly stops giving me work part-way...
  10. S

    Guidance for new contractor please / How soon can I give notice?

    I haven't signed anything or agreed terms. I'm just asking for opinions/advice. Not sure where you got the idea that I'm moaning, or expecting anyone to agree with me.
  11. S

    Guidance for new contractor please / How soon can I give notice?

    Thanks I'll have a good read of that. I appreciate your point, it's probably just a personal thing, down to me and how I want to run my business relationships. If I seem mercenary it's probably because that's how the whole game seems to me so far. I've been messed around already by one...
  12. S

    Guidance for new contractor please / How soon can I give notice?

    Definitely not. I'm doing the best I can, trying to read and understand as much as I can and asking questions along the way. That's why I'm asking here. If all I'm doing at the point I hand my notice in is sitting at home twiddling my thumbs waiting for SC to come through, then why not go work...
  13. S

    Guidance for new contractor please / How soon can I give notice?

    Thanks for the reply. 1, I would intend to honour the contact at the point I signed it. But things change, and if the contract includes a 4-week notice period then why not make use of it? 2. 3. 4. I would definitely get a written contract for the interim period -- defining weekly payments and...
  14. S

    Guidance for new contractor please / How soon can I give notice?

    Hello all. I'm new to this game so a bit of sanity checking/ advice would be greatly appreciated. I've been looking for my first contract since leaving my perm role in mid-Feb and have just been offered one verbally, followed by an emailed contract example (my ltd company name is not mentioned...
See more

Partners

Contractor Mortgages
Contractor Mortgages
PI Insurance
PI Insurance
Closing your company
Closing your company
Contractor accounting
Contractor Accounting

Advertisers

Contractor services

CUK News All news

Tag cloud

accountant agw boomed! contract contract advice expenses global warming guinea pigs hmrc ir35 limited company monday links mumsnet online tax the official doom training trigger warning umbrella wgas
  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
Back
Top