Reply to: Igloo accounting

[hgvtrucker]

stressed out

now i have to try and sort the mess that the wonderfull company igloo accounting has left me in no money as they stole it all and bad letters from companies house and hmrc what a nightmare

[BrilloPad]

Yep I think that's exactly what will happen Alan and HMRC have been warned that their actions will result in MSC's and even more tax avoidance schemes but I suppose they're just following the will of their political masters

I believe whichever government is in power does whatever HMRC tell them. I would have thought retrospective taxation would have convinced anyone.

It does mean however that lots of lambs for slaughter will be conveniently packaged together for easier harvesting.

But I bet some will get away with it.

[yakitoo]

Yep I think that's exactly what will happen Alan and HMRC have been warned that their actions will result in MSC's and even more tax avoidance schemes but I suppose they're just following the will of their political masters

It does mean however that lots of lambs for slaughter will be conveniently packaged together for easier harvesting.

[SueEllen]

Last i have heard the guy is in hiding somewhere and uising his sister to now run the companies under her name all i can say to any drivers is use a local accountant that you can meet face to face and dont trust any online accountants that he no real address

That's a very simplistic view as posters on here have been screwed by an accountant who use to post on here who they did meet face-to-face. In fact nearly all the people I've met personally who have been screwed by an accountant had face-to-face contact with them.

If any company is limited check that you can get the director(s) home address details from Companies House. Also do a search on the director's name to see how many current and previous companies they are linked with. There are various services on the web that show these links for free.

It is also your personally need to take responsibility to confirm anything an accountant says is legal. Thanks to the web this isn't hard to do if you do a bit of reading.

Finally if your accountant asks you to do something which seems illogical e.g. pay money to HMRC to them instead of directly to HMRC find one of the many small business/accountancy forums search them and ask whether this is normal.

[hgvtrucker]

director of newwave now igloo

Last i have heard the guy is in hiding somewhere and uising his sister to now run the companies under her name all i can say to any drivers is use a local accountant that you can meet face to face and dont trust any online accountants that have no real address

[LisaContractorUmbrella]

This could be an unintended consequence of the T&S relief withdrawal. I can see many umbrella contractors misunderstanding the legislation and jumping into limited company contracting and being so poor at management that quasi-MSC providers will pop up.

Yep I think that's exactly what will happen Alan and HMRC have been warned that their actions will result in MSC's and even more tax avoidance schemes but I suppose they're just following the will of their political masters

[mudskipper]

Watch the lunacy levels in the pro fora please chaps. Posts deleted.

Parole?

[Alan @ BroomeAffinity]

I predict that we will see MSC's popping up all over the place post April next year - if 1500 people were caught out in this way it's obvious that the original legislation has all but been forgotten

This could be an unintended consequence of the T&S relief withdrawal. I can see many umbrella contractors misunderstanding the legislation and jumping into limited company contracting and being so poor at management that quasi-MSC providers will pop up.

[LisaContractorUmbrella]

I predict that we will see MSC's popping up all over the place post April next year - if 1500 people were caught out in this way it's obvious that the original legislation has all but been forgotten

[ethanskate]

igloo accounting

I have heard that their other companies think and newwave are both under investigation with hmrc after looking on some other forums it seems a lot of drivers have been ripped off by these cowboys.
They are operating as a managed service provider so all the drivers that are registered with them get huge tax bills of hmrc as though they were just on paye

[Alan @ BroomeAffinity]

Just had a wee rummage about some other fora and this would appear to be correct. MSC legislation has been ignored and HMRC have got wind. Any driver registered at HMRC as a client of Igloo can expect a letter from HMRC.

There are a couple of other issues that seem to be at play but I'm not keen to talk about unsubstantiated matters on an open forum.

I'm not sure how much good you'll do posting on here though. Igloo seems to be fully involved with contract drivers.

[Waldorf]

They can also not act as an MSC (managed service company). This peiece of legislation has been in effect since 2010 and igloo/new wave knew about this. Basically anyone with igloo or any other company like igloo need to be aware. Apparently there are 1300-2500 drivers affected by this so this is just a heads up

The MSC legislation came into being in 2007

[Craigyboy]

Just received letter from hmrc regarding unpaid tax of £3600.00. Rang hmrc, and according to them igloo/new wave accounting are doing everything wrong. Expenses shouldn't be claimed ie travel to and from work, washing of work gear etc, only the purchase of specialised work gear can be claimed. They can also not act as an MSC (managed service company). This peiece of legislation has been in effect since 2010 and igloo/new wave knew about this. Basically anyone with igloo or any other company like igloo need to be aware. Apparently there are 1300-2500 drivers affected by this so this is just a heads up

[hgvtrucker]

igloo accounting

hello mate im with igloo at moment, having trouble with HMRC regarding tax, what problems have you had with them??? cheers

when i left them because i did not trust them they gave me a massive made up invoice and basically took all the money that they said was in a reserve account fotr hmrc

[dobba]

igloo accounting

beware of this company in Lincoln they were previosly called newwave accounting and before that were known as think accounting they have ripped a lot of hgv drivers off .

hello mate im with igloo at moment, having trouble with HMRC regarding tax, what problems have you had with them??? cheers