Bankruptcy
Go see a lawyer and they will act as MD for you for a fee, or try UKPLC.com and look on their website I think they offer something similar although again for a fee, and no I'm not receiving a finders fee for this advice. Although....
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Previously on "Bankruptcy - What options for a contractor"
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Originally posted by mat18 months ago I entered into bankruptcy. This ended after 12 months (as per the new rules) but I also received a Bankruptcy Restictions Undertaking (for 5 years) which means that I cant be a director of as limited company.
I have been with a MSC so far relying on expenses to reduce my tax bill but I appreciate this cant continue post April.
I am considering an alternative msc such as Payscheme Plus using the offshore element to reduce my taxes as they suggest this will be exempt from the new rules. Not sure if my agency (Reed) will accept them though.
Anybody any idea of other options apart from a brolly PAYE scheme?
Cheers,
Mat
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Can you let somebody else be the director of your company and still retain 100% shareholding (and still get 100% of dividends)?
Sounds very dubious.
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Stop right now. Bogus expenses and hokey off-shore schemes are going to land you in jail as well as bankrupt.
Brolly PAYE is your safest and only realistic option.
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Bankruptcy - What options for a contractor
18 months ago I entered into bankruptcy. This ended after 12 months (as per the new rules) but I also received a Bankruptcy Restictions Undertaking (for 5 years) which means that I cant be a director of as limited company.
I have been with a MSC so far relying on expenses to reduce my tax bill but I appreciate this cant continue post April.
I am considering an alternative msc such as Payscheme Plus using the offshore element to reduce my taxes as they suggest this will be exempt from the new rules. Not sure if my agency (Reed) will accept them though.
Anybody any idea of other options apart from a brolly PAYE scheme?
Cheers,
MatTags: None
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