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Recent content by ukltdcon
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Recourse to claim payment
Just following up for the benefit of other ill-fated folk, I did manage to get my timesheet signed by the director he acknowledged the agency had told him not to approve it originally. Then sent a letter before court before finally filling a small claims court. They settled out of court not the...- ukltdcon
- Post #22
- Forum: Business / Contracts
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Recourse to claim payment
Fair point and I should know the basics, although contracts differ from client to client you’d need legal review to interpret it properly is there a service for this? Id usually put it through qdos but that’s only ir35 aspect I was quick to accept this one, as many will know hard enough to get...- ukltdcon
- Post #10
- Forum: Business / Contracts
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Recourse to claim payment
it is through a limited outside, and it does have an opt-out clause for the agencies 2003.. not something I knew about although I did sign the contract at the end after CV, interview and offer.- ukltdcon
- Post #6
- Forum: Business / Contracts
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Recourse to claim payment
Hi, recently started a contract and turns out the client having cash flow issues, i completed my first month and this was invoiced and paid, now finished the 2nd month the client notified me of the situation and CTO agreed that I would submit my timesheet and it would be signed off, and work is...- ukltdcon
- Thread
- Replies: 27
- Forum: Business / Contracts
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IR35 assesment
Yes the insurance company they are using have their own assesment tool, but it has win-win disclaimer that is along the lines of in the event of an un-successful outcome (IR35 investigation) the liability is limited to a punitive amount. which makes it completely pointless.- ukltdcon
- Post #11
- Forum: Accounting / Legal
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IR35 assesment
To be fair to them they have gone through the assessment in detail, and current contract pre April I had reviewed by qdos who didn't flag anything, it has all the substition clauses, moo etc.. They also arranging everything to end and invoices be paid early before April, in the contractors...- ukltdcon
- Post #6
- Forum: Accounting / Legal
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IR35 assesment
It would be a post April contract yes, my thoughts as well direct opposite of what the legislation is supposed to change- ukltdcon
- Post #3
- Forum: Accounting / Legal
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IR35 assesment
The company I contract at are implementing this solution to IR35 what I read from it is basically if you want to be outside then do so at your own risk. - Contract assessed as outside IR35 - Contractor requirement to have a policy with insurance provider for x amount of IR35 cover (insurance...- ukltdcon
- Thread
- ir35
- Replies: 11
- Forum: Accounting / Legal
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April off payroll
There is insurance my current gig who have around 200 contractors has partnered with a firm to offer just this for outside IR35, contractor will pay around £150 to towards this cost, personally think this is the way forward for contracting, just like our own IR35 insurance most contractors have...- ukltdcon
- Post #43
- Forum: Business / Contracts
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Property vs pension
the BTL tax incentives are still in place for those purchased via a company. It's probably not worth doing unless you looking at a HMO either. I've recently purchased my first HMO to rent out to contractors, it's up north so house prices haven't really rocketed and are not likely to dramatically... -
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Directors Loan query
Thanks for the advice, it's the first time I've used directors loans as it can be useful for cash flow for example to optimise dividend tax by waiting till after April to issue another dividend, if your YE falls after this e.g mine in June. However does seem to be a bit of a grey area so will...- ukltdcon
- Post #10
- Forum: Accounting / Legal
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Directors Loan query
Hi, Tried to find info and have fully read this https://www.gov.uk/directors-loans/you-owe-your-company-money but struggling to get the answers to the below questions, 1. If I made a payment to my personal account by error e.g 9k and then subsequently repaid it less than an hour later, do I...- ukltdcon
- Thread
- directors loan
- Replies: 20
- Forum: Accounting / Legal
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Does the 24 month rule apply here?
Thanks for the info yes mostly caffeine :) Crafty HMRC definitely thought this one through.. First gig in contracting it's short distance aways , had ltd company for 8 years and do my own accounts, I did have an accountant for the first few years though. Just trying to maximise any gains that...- ukltdcon
- Post #8
- Forum: Accounting / Legal
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Does the 24 month rule apply here?
Hi, Not trying to be clever as I genuinely work 60-80 hours every week and technically does it exempt me from the 24 month rule. I've been thinking about my situation I'm a long way off the 24 month rule, but I'm wondering wether it even applies to me. I regularly take on many hours of...- ukltdcon
- Thread
- Replies: 11
- Forum: Accounting / Legal
