I’m planning on retiring next year and have sufficient funds for MVL to make sense. Even with entrepreneurs relief this is still quite an expensive process and I’m wondering if it is really necessary when I don't need all the funds immediately.
Is there a legal reason why I cannot...
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MVL alternative?
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Client Did Not Adhere to Contracted Notice Period
Hi everyone
Not sure if anyone has any advice?
Working on a long term global project - contracted (I am a Ltd Co Director) in the UK.
Contract states that 4 weeks notice is required by either party if terminating.
Program is being paused for... -
Closing Ltd Company - Bit of a Mess & Advice Needed
Hi Everyone - i am hoping for some advice and hopefully insight into anyone else who has faced a similar problem and how they went about it and costs they paid etc. I'll try and be specific as much as possible to try and get some specific advice or like for like experience.
I have been... -
Moving to the UK, prescreen Contract for IR35, LTD setup for efficient tax retention
Hi all,
I have been contracting in Germany recently, but alas it seems the market is quiet at the moment.
I now need to turn my sights to the UK as the market is hopping. I am an Irish national.
With regards contracts, when I receive one from a recruitment agency... -
End of year planning tips
Hi All,
New to the community and after years of using a contractor specialist (who I wont name), I have decided to take care of all my tax and accounting affairs to see how complicated it can be.
My year end is aligned with the financial year and I was just wondering if... -
Accountants for LTD Companies
HI All,
Anyone will recommend a good accountant for my Ltd?
I had MicrobusinessTeam accountants but they are SO SO terrible. They never reply to emails, never pick up the phone, they are so unprofessional and not well prepared. Please avoid!
So any advise will... -
Newbie posting
Hello all!
I'm brand new to the contracting world and, to be honest, it's been a bit of a misadventure. I fell into it actually as I was really looking for a new full time job, more as that's what I've always done than by design, and I was actually called by a consultant at a recruitment... -
Do I need to close my bank account
Hi guys,
I set up a limited liability company last year working as a contractor but have recently got a permanent job so was looking to close it as I doubt I'll be contracting for the foreseeable.
I set up my standard bank current account to receive invoice payment, and although... -
Taking large amounts of cash from LTD company
Hi,
I have a LTD company where I do the usual thing of paying myself a salary and taking dividends.
I'm starting to get a small stockpile of cash and in a year or two, I'd ideally like to buy a house. What would be the most tax efficient way to get this money (around 150k)... -
Ltd Company already running but now entering full-time job...Puzzled
Hi all,
I was wondering if I could get some advice on a situation I don't fully understand. My Ltd company is up and running, already in existence etc. However, I have just accepted a PAYE full-time job, and am unclear about what to do regarding my company. I do have an accountant on-side,... -
Take home pay - Limited Company or Umbrella Company
The differences
There is one question we get asked every day, not nearly every day or most days but actually every single day. “How much better off will I be using a limited company over an Umbrella company”
The main savings with a Limited Company over an umbrella are... -
UK Ltd company / Now based in NZ / Working for same global company
Hi,
I have been working for a company in the UK (Global company with offices in UK). During my time in the UK I set up a UK Ltd company to contract through. I have since moved to NZ where I am living and continue to work for the same company. My contract is being extended and the company... -
Rectifying earlier mistakes about selection of Accountant
Hi all,
This is my first post to the board, and I am not ashamed of accepting my mistake. I did a very hasty decision and went with the agent's choice of accountant. This has now turned out to be a massive mistake, as he is very expensive, and the amount of service I have received in last few... -
Form own LTD or use Wife's?
Hi Folks,
I've searched the forums and drawn a blanks hence the post; wouldn't be at all surprised if this has been asked many times before however so apologies for that.
I am starting-out as a LTD contractor for the first time, my wife is currently contracting a 3 day... -
Springboard Umbrella or Ltd company??
Has anyone used this company before? I'm a first time contractor and don't think I'll have time or be able to set up my limited company and get VAT regsitered before Monday! I need to return umbrella or Ltd company with VAT details to the hirer on Monday for a 4 month gig. This firm seems to offer a...
