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Recent content by Underbase

  1. U

    Accountant recommendation threads inc local requests

    +1 For BIAccountancy +1 For BIAccountancy After a decent search I picked BI Accountancy as well. I am now coming up two years in business and been through a full cycle of accounts and taxes. At the start Micheal at BI told me that to start with I should do my own bookkeeping and not...
  2. U

    Kickass Torrents taken down

    It shouldn't be NEWS to anyone. But then I guess what GROUPS you hang out in?
  3. U

    GEXIT Thoughts

    Guake inside now Guake inside now Let's see what happens, please let him go.
  4. U

    How do they get away with this?

    https://www.gov.uk/government/publications/tackling-disguised-remuneration-avoidance-schemes-overview-of-changes-and-technical-note/tackling-disguised-remuneration-avoidance-schemes-overview-of-changes-and-technical-note According to the impact Impact on individuals, households and families...
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    PAYE and VAT

    I would say depends on clientcos business. If you are working for say a oil company they will pay VAT and therefore they dont care about the VAT they pay you because they deduct it. Financial firms might be different as they dont charge VAT on the services they provide (most). So if your VAT...
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    Best Accountant for IT contractors

    I went with BI Accountancy and have had really good help before and after I signed up. Even apologised the one time I missed my contact because he was in a meeting. I havent been with them for a long time so far but so far so good.
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    Murray Group (Rangers) tax case - decision today?

    It's interesting, if you tried to put it in context for a contractor EBT. There were the people that ran the scheme, they were in a competitive market place with umbrellas etc. They used EBT structures to reduce the amount of PAYE and NICS so they could gain a competitive advantage by offering...
  8. U

    Murray Group (Rangers) tax case - decision today?

    Look at it another way. What if your employer did take tax off you and went bust never handing the cash to HMRC. Would you still expect them to extract it from you?
  9. U

    Can I backdate income and expenses when forming a limited company?

    I am no accountant so one needs to clarify. But expenses for the company can be incurred before setup and claimed can they not?
  10. U

    1 limited company with 2 fee-earning employees vs. 2 separate companies

    Remember also for the FRS that to initially qualify your expected turn over should be 150k. However the limit before you have to exit is 250k I believe.
  11. U

    limited company - carter allen or barclays?

    I have both personal and business accounts with Barclays. Took about 48 hours after going into the bank to talk to them. On the app I have a toggle to go from business to personal and same on the website. I can log in with any of my csrds so it's brilliant.
  12. U

    Members Voluntary Liquidation Companies - Recommendations?

    If you have over the FCA in CA + Santander you arent protected for the surplus anyway as they are the same group.
  13. U

    Contractor Notice period?

    Because its a B2B contract with no explicit break clause, so why would you assume you could break it? Be warned also that banks post offer want a bg check for the last 5 years min. This includes talking to the last responsible manager, who might not be happy if you have broken your contract.
  14. U

    Advice Please

    2 Week Break 2 Week Break I have seen this many times from being someone who hired people for banks. It was always to stop contractors using more than the budgeted amount. Also the banks as someone mentioned often have a compliance policy that people need a two week break. This was so that...
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    Signing Contract before background check

    This one doesn't, they won't let you onsite until the check is complete. But the agent is pushing for the contract to be signed. Contract says in it subject to the background check being passed.

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