Aston Mae

[Sockpuppet]

Indeed not to mention benefits like the flat rate VAT, 5% expenses etc. I would say its nearly always better to go Ltd, if nothing else its one less link in the chain holding onto your invoice money before you get it!

While I agree with you for the hassle I think brolly has to win. You can walk away at any time, you just can't do that with a Ltd.

If i was inside IR35 I'd probably go brolly.

[kal]

Well there are umbrella fees which would probably cover your accountancy costs.

But there is one thing people forget. Provided not its only the occassional inside IR35 contract you can use that cash as that years pension contribution (so you won't pay tax on any of it).

Indeed not to mention benefits like the flat rate VAT, 5% expenses etc. I would say its nearly always better to go Ltd, if nothing else its one less link in the chain holding onto your invoice money before you get it!

[eek]

If you are inside IR35 there is very little difference in take home between Ltd and brolly

Well there are umbrella fees which would probably cover your accountancy costs.

But there is one thing people forget. Provided not its only the occassional inside IR35 contract you can use that cash as that years pension contribution (so you won't pay tax on any of it).

[LisaContractorUmbrella]

Hi,
One thing that you really need to take into account if you use an umbrella company: The extra tax that you will end up paying in NICs and PAYE taxes would have been your war chest.

If you are inside IR35 there is very little difference in take home between Ltd and brolly

[bobspud]

Hi,
One thing that you really need to take into account if you use an umbrella company: The extra tax that you will end up paying in NICs and PAYE taxes would have been your war chest.

[dmini]

For a good umbrella, above board, will keep you on straight and narrow, I recommend ContractorUmbrella, as in Lisa (see post above).
During the time I was with them, they were always very helpful, and answered queries properly unlike other ones I dealt with who were real nightmares. You know its bad, when you are threatening legal action, or emailing the chief executive direct to sort out the mess his staff are making. Two other brollies I dealt with - Lisa and co were fantastic.

[LisaContractorUmbrella]

I think you'll find that HMR&C are on to this Government sets out detail of changes to taxation of limited liability partnerships

With regard to a good umbrella company - just remember all work in the same way and you won't get any more money working through one than another

[Mephisto]

Hmmm I schmell schpam

[Deepcut]

Can anyone recommend a reputable Umbrella company for this fish ?

(hope this request is not braking any thread rules)

[Deepcut]

Reading you loud and clear, the lord gave man intuition for a reason

Appreciate the confirmation.

[vadhert]

barge and pole

[eek]

You'll find all the other fish who were promised the same thing in this pond: HMRC Scheme Enquiries

+1 if you want to go ahead. But will they or the insurance be around when HMRC decide to have a detailed look 3-5 years hence.

[cojak]

You'll find all the other fish who were promised the same thing in this pond: HMRC Scheme Enquiries

[Deepcut]

Hi fellow contractors,

After 10 years as a PM I decided to accept redundancy and try contracting. I'm at the point where I am investigating whether to go down the umbrella or Ltd company route, when an acquaintance recommend the Aston Mae tax consultancy.

<mod snip: URL removed>

They have a Consultant LLP Structure scheme which based on my limited understanding is similar to a Ltd Company however according to them quote "is tax neutral and transparent structure, where member partners are taxed at a partner level but the LLP itself pays no tax. Therefore they pay no Corporation Tax so individuals save 21/22% on profits, hence the improved returns"

They go on to guarantee an 84% return and 16m insurance in case of investigation or fines by the tax authorities.

It all seems to good to be true which is why I am here asking my fellow contractors the follow questions

1. Any experience dealing with Aston Mae
2. Anyone using a similar financial vehicle do they pose any issues are they legit ?

Many Thanks

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