Reply to: ICS (Independent Contractor Services Ltd)

[WTFH]

Skitt's Law

[fidot]

Theres no statute of limitations on grammar, innit!

There's

[Lance]

Theres no statute of limitations on grammar, innit!

i'n'it

[SlipTheJab]

you're 10 years late but thanks for the contribution

Theres no statute of limitations on grammar, innit!

[pr1]

The word you are looking for is 'advice' fyi

you're 10 years late but thanks for the contribution

[craigy1874]

Advice

Ok. I agree that i dint do a spell check but that's not a point here. I did take your advise and i am looking into LTD company option. But i was replying to your response "Would you like me to spoon feed you and change your nappy too?
Do a search on the threads here, some of us have work to do."

The word you are looking for is 'advice' fyi

[Old Greg]

The OP is TLG's sockie, trying to show that TLG was actually right about something. However, in the meantime the iPhone has been launched, there's been a financial crisis and Ryanair have gone all nicey-nicey.

[northernladuk]

[pr1]

ICS ( Independent Contractor Services Ltd) were accountant for my Private Limited company for 1 year. I had opted for flat rate vat and gave them signed forms and everything. But they forgot to file it with HMRC !. Then they assumed that I will be paying standard rate VAT and paid full 20% VAT...What a waste of money!...accountants are supposed to find ways to reduce taxes not inflate the taxes. Lost thousands of pounds !
They filed vat returns only for 3 quarters and for the 4th quarter they just forgot to file VAT....then I kept them asking over the email and phone to give me an update on what's happening on VAT payment and how much do I owe....they didn't care for almost six months when I had to fire them. But I still didn't know what's the status of filing and what are my obligations. another six months went by when one of their team mates said he will " help" me out , as if he was doing a Favour to me ( They forgot I have paid them close to 2000 pounds for the service they did not provide). Then he calculated the VAT and gave me a shocking figure at full 20% VAT. I asked him, how can it be so much, to which he said " you have not opted for flat rate scheme"....I said I did send you the forms. He said, I don't know. the team who did this is no longer with ICS. Then I called HMRC and requested them for the flat rate. they took nearly two months to sanction flat rate. Even after that ICS did not file the vat returns and finally I had to ask them to just send me excel calculation and it took them one week to give me a single line calculation. I submitted the VAT returns myself....more than one year after its due date !. Then I tried to make payment from my business account, but my business account was frozen by companies house and company dissolved. I have been warning ICS to do their job right or they might get me in trouble. And they finally put me in trouble. I had an outstanding VAT payment to make and no access to money. I asked ICS, what should be done if the company is dissolved and bank account frozen. They said, " we don't know"..when I insisted to find out, it took me two weeks of follow-up from them to know that the company needs to undergo " administrative restoration "...which costs around £400 and 10 weeks of procedure !... what a mess!....the administrative restoration needs company accounts up to date. I asked ICS to do that they said we will do it for you.....after two weeks of follow-up while they were saying they are working on it, they sent me a blank application form by email to fill saying they now don't have access to the online accounts filing and I have to send this form after filling it properly...which includes the company accounts I don't know.
These ICS guys are highly irresponsible , unprofessional and no one should ever take service from them. I am filing a complaint to CIMA against these guys as they don't deserve this accreditation.

[DeepakUK]

ICS _Irresponsible Incompetent and highly unprofessional

ICS ( Independent Contractor Services Ltd) were accountant for my Private Limited company for 1 year. I had opted for flat rate vat and gave them signed forms and everything. But they forgot to file it with HMRC !. Then they assumed that I will be paying standard rate VAT and paid full 20% VAT...What a waste of money!...accountants are supposed to find ways to reduce taxes not inflate the taxes. Lost thousands of pounds !
They filed vat returns only for 3 quarters and for the 4th quarter they just forgot to file VAT....then I kept them asking over the email and phone to give me an update on what's happening on VAT payment and how much do I owe....they didn't care for almost six months when I had to fire them. But I still didn't know what's the status of filing and what are my obligations. another six months went by when one of their team mates said he will " help" me out , as if he was doing a Favour to me ( They forgot I have paid them close to 2000 pounds for the service they did not provide). Then he calculated the VAT and gave me a shocking figure at full 20% VAT. I asked him, how can it be so much, to which he said " you have not opted for flat rate scheme"....I said I did send you the forms. He said, I don't know. the team who did this is no longer with ICS. Then I called HMRC and requested them for the flat rate. they took nearly two months to sanction flat rate. Even after that ICS did not file the vat returns and finally I had to ask them to just send me excel calculation and it took them one week to give me a single line calculation. I submitted the VAT returns myself....more than one year after its due date !. Then I tried to make payment from my business account, but my business account was frozen by companies house and company dissolved. I have been warning ICS to do their job right or they might get me in trouble. And they finally put me in trouble. I had an outstanding VAT payment to make and no access to money. I asked ICS, what should be done if the company is dissolved and bank account frozen. They said, " we don't know"..when I insisted to find out, it took me two weeks of follow-up from them to know that the company needs to undergo " administrative restoration "...which costs around £400 and 10 weeks of procedure !... what a mess!....the administrative restoration needs company accounts up to date. I asked ICS to do that they said we will do it for you.....after two weeks of follow-up while they were saying they are working on it, they sent me a blank application form by email to fill saying they now don't have access to the online accounts filing and I have to send this form after filling it properly...which includes the company accounts I don't know.
These ICS guys are highly irresponsible , unprofessional and no one should ever take service from them. I am filing a complaint to CIMA against these guys as they don't deserve this accreditation.

[malvolio]

TBH, if you have done a search and read the results and then come back and asked if an EBT is a good idea, I think people might have a case for being a bit short-tempered.

The quick answer is no, do not bother. Get your own LtdCo and do it properly, or stay with a good umbrella. Those are the only valid, sensible options. OK?

[Sdevil]

Ok. I agree that i dint do a spell check but that's not a point here. I did take your advise and i am looking into LTD company option. But i was replying to your response "Would you like me to spoon feed you and change your nappy too?
Do a search on the threads here, some of us have work to do."

[Captain Jack]

If thats the case then you should close the forum to new members and put a notice up saying "No new members allowed as board is ruled by old farts"

that's

[The Lone Gunman]

Oh yes, an English language and grammar course might not go amiss either.

I gave you my advice and you ignored it, nay you asked me to clarify something I was clear on in the first place.

[Sdevil]

If thats the case then you should close the forum to new members and put a notice up saying "No new members allowed as board is ruled by old farts"