east mids accountant recommendantion

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.

williamdavis replied

10 August 2007, 16:10
Yep SJD Birmingham office is really good.
Leave a comment:
malvolio replied

10 August 2007, 11:21
The difference is between the cost of YourCo agaisnt the cost of an umbrella. Even the cheaest umbrella runs around £2.5k a year in reality (assuming you work the full year), accountants are around £500-£1200. If you're inside IR35 you pay PAYE on 95% of your gross less a few allowable expenses, that's where the 5% comes from.

As for IR35 being voluntary - well that's my slightly jaundiced view but only 4 out of 1400 challenges on IR35 caught status have been upheld by the courts. If you have any doubts, get your contract professionally reviewed: the indicators that put you outside are well understood. As an incentive to learn the subject properly, consider that the average difference beween caught and not-caught is around 20% on take-home - quite a lot for ticking one box on the P35...
Leave a comment:
Old Greg replied

10 August 2007, 11:01
Originally posted by ruth11

50% lost? ouch!

SJD are local to you - I live in Leicester and use their Birmingham office.

I also use their Birmingham office which is really good. They come out to see you when you join up. Everything else I've done over the phone and email.
Leave a comment:
ruth11 replied

10 August 2007, 10:11
50% lost? ouch!

SJD are local to you - I live in Leicester and use their Birmingham office.
Leave a comment:
dgw started a topic east mids accountant recommendantion

10 August 2007, 07:13
east mids accountant recommendantion

Hi all , would appreciate if anyone can help. Sorry if this is covering old ground.

Have been contracting for year and a half now as a cad jockey and paid via umbrella company. A very lazy set-up that since April I've realised I need to sort out.

Contract is 'IR35 friendly'.

Been using Filetravel for the past year who I must say are excellent compared to my first service provider. However since April I'm loosing almost 50% of earning to tax and Ni. And therefore I need to change to Ltd.

1. Can anyone recommend an independent accountant in or around Derby/Burton/Birmingham area, I've seen the general accountant recommendations on the forum and will use either NW or SJD if nothing better however I would prefer a local accountant.

2. Under IR35 I understand I'll be 5% better off as Ltd compared to Umbrella if I've understood the threads correctly, however many of you are saying IR35 is now greatly Ignored. Can anyone explain further? Or is it just tax insurance?

Thanks Dave
Tags: None