Reply to: Alternative Umbrella Co. to Prosperity4 ?

[krissy]

Definitely not!

Every time I called prosperity 4 about this they say that the get 'special' allowances, hence the 6% charge. Even when you fill in their on line expense form, when you’re automatically redirected to the receipts form at the end, to 'check box' what receipts to send them, it ignores all hotel/car/daily expenses but includes the list for phone calls or flights/ trains etc.

Wouldn’t like to praise P4 but wouldn’t mind if some other P4 contractor came online and agreed with this.....

hey
can we discuss prosperity4 in private as I am now intending legal action against them. <mod>contact details removed. you wouldn't want the spam. please use PMs instead. will ask admin to upgrade your account so you can send/receive PMs</mod>
speak to you sson.
cheers

[Bluebird]

Hi Pateen,
It looks as though you need a bit more useful advice than has been offered here to date.
To my mind, you seem a little naive with regard to how an umbrella company operates.
This will leave you open to problems much further down the road.
Please take a moment to review the very useful umbrella information that you'll find here and on the PCG website.
Make sure that you really know what you're trying to do and whether an umbrella really offers you what you want.

But, remember this...

If a deal looks to good to be true, it usually is.

most of the advise offered so far has been spot on - he's abused the system and he should seek out a reputable accountant straight away and try and make good the situation..

[wattaj]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.

Hi Pateen,
It looks as though you need a bit more useful advice than has been offered here to date.
To my mind, you seem a little naive with regard to how an umbrella company operates.
This will leave you open to problems much further down the road.
Please take a moment to review the very useful umbrella information that you'll find here and on the PCG website.
Make sure that you really know what you're trying to do and whether an umbrella really offers you what you want.

But, remember this...

If a deal looks to good to be true, it usually is.

[Ardesco]

It is amazing how many morons ask for advice then stick thier fingers in thier ears and scream "I'm not listening, that's not what I want to hear" when it is given.....

I really hope IR does an investigation on this guy and teaches him a little lesson about tax evasion and fraud.

[TheFaQQer]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

Oh dear, oh dear - you'd better hope that HMRC don't come round for an investigation.



Sounds like that one's gonna hurt...

[Sausage Surprise]

This guy's a hoot - since when have expenses been "benefits"

[bangface]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

I presume that you don't actually stay in a hotel, yet you re-claim this cost?

[max]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

You do have receipts for any expenses incurred, right?

Imagine if one decided to max these "benefits" out, without actually incurring the expenses.

They'd be looking at £30; tax free.

What's BIK 40%? -> 12K. yikes.

[pateen]

yes I do, they are called

http://www.Ripthemoffandrunwiththemo...intohmrc.co.uk

leave it all up to P4 then

[LisaContractorUmbrella]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

Sorry Pateen but these are not 'benefits', they are just some of the expenses that P4 had included in their dispensation. A dispensation is given to umbrella companies by the Inland Revenue purely to alleviate them from vast amounts of form filling - it does not denote the expenses that their contractors can claim. The dispensation does not mean that you do not have to have receipts and it does not mean that you can claim for expenses that you haven't incurred. As others here have said - if HMR&C come calling you really could find yourself in trouble if you have claimed this level of unreceipted expenditure on a regular basis

[pateen]

£158 per day in unreceiptable expenses!!! 'Avin a larf aren't you?

Definitely not!

Every time I called prosperity 4 about this they say that the get 'special' allowances, hence the 6% charge. Even when you fill in their on line expense form, when you’re automatically redirected to the receipts form at the end, to 'check box' what receipts to send them, it ignores all hotel/car/daily expenses but includes the list for phone calls or flights/ trains etc.

Wouldn’t like to praise P4 but wouldn’t mind if some other P4 contractor came online and agreed with this.....

[Bluebird]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

yes I do, they are called

http://www.Ripthemoffandrunwiththemo...intohmrc.co.uk

[Cowboy Bob]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

You'd best hope that you don't get an expenses audit (they're not that uncommon - see http://forums.contractoruk.com/gener...light=expenses for example). If you do and you don't have your receipts for ALL of your expenses then the taxman is going to rip you a new one...

[Moose423956]

Does anybody know an alternative Umbrella company with the same benefits as prosperity4 and that’s been about for a few years.
What I mean by benefits is:

Non receipt able expenses per day of
Hotel-ing in London for a week £95 per night
Evening Meal £11
Mileage readings £40 approx
Lunch £7
Personal Expenses £5

Have a look at this thread - http://forums.contractoruk.com/accou...any-stats.html

[Pondlife]

£158 per day in unreceiptable expenses!!! 'Avin a larf aren't you?