Reply to: managed limited company

Re: Prices.........

I'm with parasol and it is so much less pain than running a ltd company.

Vote Parasol

Don't really know why i'm saying this but who cares. IT'S MONDAY 8o

Prices.........

I use Parasol and they charge £14.95 and I get inclusive PI (2m i think), the other insurances, all the admin processing, no set up or leaving fees. Been with them for ages cos they are pretty efficient and very low hassle.

If you fancy joining tell em Dave from Leeds sent you

> One mate is which 1 contact who charge 5% of each invoice..nutter!!

More likely a tax evader.

One of the offshore options we examined gad a scheme like this - the 95% goes direct to your bank account and you are supposed to declare it as income from self employment. If you do the sums that works out less return than from a Ltd - unless of course you don't bother to declare it

We decided not to promote that one on ************.

We don't promote managed companies either and I think if you look at the figures being bandied about on here it's pretty obvious why we don't.

trying for referrals....cant balme a guy for that!

Buck, you are K&B! You've just posted an ad on another BB using the same user name.

At least be a bit clever about it.

as mentioned on previous thread

I am with K&B and they charge £45 which includes personla tax return. they also have freephone number and postal address. Every penny helps!!

One mate is which 1 contact who charge 5% of each invoice..nutter!!

and another is with Giant managed company who charge £35 a week...another nutter!!

I'm with Fiddle on this

£35 per week to manage contractor accounts and tax

I don't think so. There are reputable accountants advertising on CUK who cost a lot less and provide a good service!!!

I would be allowed, Fiddle, there's no question - but these people are quite good, especially at minimising my, err, tax liabilities, as was discussed on numerous threads in the past few weeks/months

maybe someone could make a post of prices charged by companies in rekation to Ltd company, managed, umbrella etc....

one definitive list!!

And what exactly would one gain from this? Price is not everything, you need to look at the over all service provided.

Why do you think there are price differences in the first place?

Jesus H Christ - that's daylight robbery !!!

Aren't you allowed to setup a UK Ltd. or something Becs?

my managed ltd co provider charges £35 a week for the service

maybe someone could make a post of prices charged by companies in rekation to Ltd company, managed, umbrella etc....

one definitive list!!

any takers?

I suppose if you are outside IR35 it’s an option. However, two obvious points: -

You would have to trust the management company to allow then to control all your money. Or have some pretty good protection in place if things go wrong.

On the basis that you don’t get something for nothing, it’s going to cost you more than running the company yourself.

P.S. These are just my thoughts, since I've never used one of these companies.

so if your outside IR35 then its a good idea....but if your caught, you might as well go umbrella??

is that right?

Planetit has very well summarised it - that's what I do. It is technically my company but I pay someone to run it.