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Recent content by test_guy
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T
Payment Options Post Budget
Wrong, wrong , wrong Wrong, wrong , wrong There were no new legislations introduced during the budget Only "drafts" were released, before the budget. These may come into force at a future point (I have seen 2008 mentioned) then again they may not. Stop panicking people unecessarily. Thanks- test_guy
- Post #9
- Forum: Accounting / Legal
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T
Anyone thru Payscheme that's been investigated?
Not so! The genius of some umbrella companies is that you can ask to be paid a very low salary, perhaps £20,000 and take the rest by other means (perhaps a loan) - all legal and even advertised on the home page of this website. So in fact your earnings are increased substantially as you pay less...- test_guy
- Post #12
- Forum: Accounting / Legal
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T
Payschemeplus / Talent Resource Mnagement TRM
Nope The offer of loan normally occurs every 6 weeks and when you accept it is is made 0% interest. It is repaid from the proceeds of the next client invoice. Normally you will only be offered a loan is there is enough cash in your "trust" to actually loan you! There is no tax to pay on the...- test_guy
- Post #27
- Forum: Business / Contracts
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T
Payschemeplus / Talent Resource Mnagement TRM
This analysis is impartial and hardly expert advice and it is dated 2002! (Expert analysis: Isle of Man IR35 avoidance strategy flawed by WJB Chiltern plc at 17:16 14/11/02) The loan is repaid monthly by the next invoice payment from the client so the exposure to tax (if any) is only one...- test_guy
- Post #22
- Forum: Business / Contracts
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T
Payschemeplus / Talent Resource Mnagement TRM
Obviously running your own LTD company and being an employee where you are not a director have very different legal responsbilities. You permies will remember how easy it was! and remember accountants cost money! As for my low number of posts, everyone has to start somewhere?- test_guy
- Post #20
- Forum: Business / Contracts
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T
Payschemeplus / Talent Resource Mnagement TRM
You are entitled to an opinion but until you have used the various schemes I doubt if you understand how they work. Maybe you are bitter as you can't bring yourself to step out of your LTD comfort zone? Anyway, what you say is wrong. Yes you are a tax resident and your salary earnings (perhaps...- test_guy
- Post #19
- Forum: Business / Contracts
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T
Payschemeplus / Talent Resource Mnagement TRM
Just not worth the hassle now for one man bands - avoid. Become an employee of another company and let them take all the admin hassle.- test_guy
- Post #16
- Forum: Business / Contracts
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T
Payschemeplus / Talent Resource Mnagement TRM
Nonsense More than a couple of quid! PS+ can achieve 87-91% nett income based on their legal payment structure from offshore. Tax and NI is also paid in the UK on an assessable salary. I make an extra 2000/3000 a month from using this scheme. Its a legal loophole with a tax avoidance scheme...- test_guy
- Post #15
- Forum: Business / Contracts
