Reply to: Anyone heard of BestPay alternative to Ltd company

[NotAllThere]

Crappy income "calculator". Just a contact harvesting tool.

[vadhert]

Good morning all,

we offer our own compliant contractor support solutions.

Tash

The words "my" and "arse" spring to mind.

I'm particularly impressed by the use of multi national corporate logos on your website. Which I can only assume came with permission?

[DaveB]

Good morning all,

Although this is an old post, I would just like to highlight to anyone who may read this forum that K&B Accountancy is not associated with BestPay and that we offer our own compliant contractor support solutions.

Tash

Compliant with what?

To be fair, from your website it doesnt look like you are punting any kind of avoidance schemes, but that kind of language gets used an awful lot by providers of such schemes.

[Tash @ K&B Accountancy]

No Partnership.

Looks like Best Pay are connected with K&B accountancy? K&B are a partner on the website.

and for best name of a accountancy, anyone come across Big Fat Bhudda! They claim to be onshore? not sure how that works!!

Good morning all,

Although this is an old post, I would just like to highlight to anyone who may read this forum that K&B Accountancy is not associated with BestPay and that we offer our own compliant contractor support solutions.

Tash

[Ondine]

Contracting Made Easy

I use to get tons of spammy emails from contractingme.com promoting BEST PAY. They also promote them on their website.

In the end I asked them to remove me from their newsletter as it was getting so annoying. Not even sure how they got my email in the first place.

I agree, BEST PAY looks like another dodgy loan trust scheme.

STAY AWAY FROM THEM....

[TheFaQQer]

Send me all your money and I'll give you 95% of it back.

Sorted

Done - just send me our bank account details and PIN, and I'll send you the money.

For security reasons, what's your mother's maiden name and place of birth?

[Encore]

People make mistake of thinking that if its says 90% retention, then they assuming the other 10% is tax. When normally through offshore 1% is tax and 9% is fees

[DaveB]

they only offered me 92%

Send me all your money and I'll give you 95% of it back.

Sorted

[TheFaQQer]

I saw them recently - they claim you can take home up to 93%. I think that's the highest claim I've seen to date, although there's not even a hint on their website about how they do it. It just promises to be onshore.

they only offered me 92%

[DonkeyRhubarb]

Thanks for the last few more constructive messages - Some of you should learn some people skills! I've put Bestpay on hold and booked a session with an accountant to advise.

If you do decide to revisit Bestpay, have a read of some of the threads here:

HMRC Scheme Enquiries

It took HMRC several years to go after users of these schemes.

Clients of Bestpay are likely to find themselves in the same situation in a few years time.

[Clare@InTouch]

Looks like Best Pay are connected with K&B accountancy? K&B are a partner on the website.

and for best name of a accountancy, anyone come across Big Fat Bhudda! They claim to be onshore? not sure how that works!!

I saw them recently - they claim you can take home up to 93%. I think that's the highest claim I've seen to date, although there's not even a hint on their website about how they do it. It just promises to be onshore.

[eek]

The reason you were met with a fairly grumpy reception here is that we get similar questions every week or so and people grow tired of answering them.

In particular, it causes problems when noobie posters try to argue that some particular scheme is all safe and legal (which may or may not be true) or alternatively, they keep asking the question until someone tells them what they want to hear (which no one does - not seriously anyway).

I now, in all seriousness, tell people to go ahead if you think its a good idea.

I'm fed up with people arguing that its a good idea. If you have to join a forum to ask the question you clearly have doubts so why on earth are you actually thinking about going ahead with the scam.

[Encore]

Best name of company goes to.....

Looks like Best Pay are connected with K&B accountancy? K&B are a partner on the website.

and for best name of a accountancy, anyone come across Big Fat Bhudda! They claim to be onshore? not sure how that works!!

[Wanderer]

Thanks for the last few more constructive messages - Some of you should learn some people skills! I've put Bestpay on hold and booked a session with an accountant to advise.

The reason you were met with a fairly grumpy reception here is that we get similar questions every week or so and people grow tired of answering them.

In particular, it causes problems when noobie posters try to argue that some particular scheme is all safe and legal (which may or may not be true) or alternatively, they keep asking the question until someone tells them what they want to hear (which no one does - not seriously anyway).

[malvolio]

Thanks for the last few more constructive messages - Some of you should learn some people skills! I've put Bestpay on hold and booked a session with an accountant to advise.

To be fair, many of us have been banging this particular drum - and getting routinely shouted at for it - for many years. Our tolerance for yet another "What about this marvellous scheme?" from people who haven't looked around them is getting rather exhausted.

And it's worth noting that the level of shouting, and the number of scheme providers pointing out there is no risk, has dropped drastically since the assessments started to land on doormats.

As of now, the most efficient and risk-free model for anyone looking at long-term contracting is your own Ltd, supported by proper understanding of IR35 and PCG membership or some commercial insurance cover. But it's your money...