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Recent content by xenomorph

  1. X

    Paying Yourself Bonus as Contractor

    It costs nothing to be nice. This is a toxic community so screw you all. I'm out
  2. X

    Expense

    I live in a flat so no office space. I work in my open plan kitchen/living area as its 1 bed property.
  3. X

    Expense

    So if I were to purchase a coffee machine for giving myself as employee of my company coffee to keep me working at full capacity to give clients my best work would it be a red flag and how likely would a hmrc investigation take place? I mean I would not do things like expense electricity or...
  4. X

    Paying Yourself Bonus as Contractor

    So I am outside IR35 and have done some good work over November last year and thought I would pay myself a bonus if I can. Would this just get added to total salary in terms of tax and NI for the year? Of course if company would need to pay NI towards it also. Or would doing this cause issues...
  5. X

    Best accountancy firms for LTD in 2023 - Contractor in tech - Outside IR35

    Yes understood :) Not decided yet to leave Maslins but just a thought.
  6. X

    Best accountancy firms for LTD in 2023 - Contractor in tech - Outside IR35

    I had bad time with Gorilla as they moved me to Jnr person and so moved to Maslins who are good but they dont give much advice outside of contractor company like if you wanted to also do buy to let or investment they wont do anything. however since they increased price to £145 a month I am...
  7. X

    Emergency Fund in Personal Account

    Well I will be first. Thats all I needed to know from people, I see no reason in extracting and paying tax on money I dont actually need to use. So better to keep it somewhere where it will stay until I need it. On another topic after what Tories done with decreasing personal allowance I might...
  8. X

    Emergency Fund in Personal Account

    I was just curious as to if people keep spares in company and have personal war chest or just 1 in the company as we can withdraw it as dividends if we were inbetween contracts and needed to pay bills etc. I already have enough funds in my company but no personal warchest so no was not angling a...
  9. X

    Emergency Fund in Personal Account

    So question is do people keep emergency fund in ltd company and withdraw as divided and salary when needed or withdraw it and pay the tax due just to have it available?
  10. X

    Emergency Fund in Personal Account

    Hello So I always leave at least 6 months worth of funds in my company as a rainy day fund for in-between contracts. Now usually permies would set aside savings for emergency fund in personal account. If contractor was to do that then of course it would be post tax as dividends or salary but not...
  11. X

    [SEEKING RECOMMENDATIONS] "All-inclusive" accountant

    Yeah I have been making decisions. Not via board minutes so will have to start. I keep all emails that show I approve any submissions for CT and PAYEE etc
  12. X

    [SEEKING RECOMMENDATIONS] "All-inclusive" accountant

    So currently use gorilla accounting for my company accounts. They do all accounting via freeagent but not provide any insurance or reviews. Would this now still be issue with MSC?
  13. X

    Gorilla Accounting and workload

    will see how it goes with the new person
  14. X

    Gorilla Accounting and workload

    What do you mean be careful? In regards to making a thread like this or changing accountants?
  15. X

    Gorilla Accounting and workload

    Hello Anyone else here with Gorilla had a change of accountant from them stating that to provide service and fast turn around to clients they needed to change my accountant. Now we all know that a good accountant not only depends on the company but individual accountant you get given. The one I...
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  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
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