Going perm... for now

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

PerfectStorm replied

25 December 2020, 21:43
Originally posted by ladymuck View Post

I'd keep PI for a year unless you're certain there's no likelihood of a claim against you.

I'd also keep IPSE for a year in case HMRC come a-knocking.
.

They can ask about personal and company taxation for 2 years after year end and VAT for 6... I'd suggest at least two years.

I speak as someone who got their Christmas card at the end of the 2nd year.
Leave a comment:
ladymuck replied

19 December 2020, 10:31
I'd keep PI for a year unless you're certain there's no likelihood of a claim against you.

I'd also keep IPSE for a year in case HMRC come a-knocking.

If after a year you're still not trading then you'll probably want to start thinking about closing down anyway.
Leave a comment:
ckms replied

19 December 2020, 10:07
Indemnity and liability insurance

Sent from my SM-N960F using Contractor UK Forum mobile app
Leave a comment:
BrilloPad replied

19 December 2020, 10:04
Which insurances do you have?
Leave a comment:
ckms started a topic Going perm... for now

19 December 2020, 10:01
Going perm... for now

Ltd Co being set to dormant status by my accountant who's charging 50% fees going forward while I start the perm contract. I want the option to return to contract at some point so no plans to close but question is do I really need to be paying an accountant at all?

Plus given that the last year has been freelance projects as opposed to all out contract work should I cancel QDOS insurances and IPSE?

Thanks

Sent from my SM-N960F using Contractor UK Forum mobile app
Tags: None