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Rob_S
17th August 2005, 07:50
My situation is this...

I started contracting about 10 months ago and for the last 3 months i've 'gone it alone' and chucked in my unbrella company.

What i now need to do is register with the inland revenue (i can do that) and setup a limited company. My earnings are currently between say 50k - 70k.

I don't employ anybody and i presume my accounts are about as simple as they come so i'm not after any extravagant offering but i do need somebody who will look after my accounts and get the best for me regarding tax etc..

Ideally the setting up of a limited co should be thrown in.

Is anybody willing to offer their services?

Please email me at robsaville@hotmail.com

I can happily give you my mobile number over email to chat it over.

Many Thanks

Pflaps
17th August 2005, 12:34
Z , why not just give the bloke a civil answer you eight post a day sad get.

OwlHoot
17th August 2005, 13:42
I may indeed be a sad git, but that was a civil answer by the standards of this forum.

If you don't like it, then feck off.

Sounds like Pissflaps wants to join the CUK forum with a big splash.

Pflaps
17th August 2005, 15:31
Ouch ! Bit touchy there Z.

xoggoth
17th August 2005, 22:27
Zeitghost only knows about tax law in the 95th dimension so don't rely on advice from any of those quarters. All the accountants and their menials (by the way, don't say rhino has disappeared along with fiddle?) who hang around this site will also read this. Make sure you ask if they wear a toupee. The one with a toupee is quite good at his job I have heard. If you can call accountancy a job, that is.

Most accountants will be able to set up a company for you. If they charge much more than £55 quid they are ripping you off. Check the internet. I did know a chap claimed to get all his accountancy needs for £250 PA but £700 to £1200 is more usual.

4Contractors
19th August 2005, 11:24
We recommend one - check the link below.............

Lucifer Box
19th August 2005, 11:53
Reading complete @rse like this doesn't fill me with confidence these accountants ************ are pushing know what they're doing.


Salary & Expenses

Under new regulations (commonly known as IR35) that came into force from 6th April 2000 there are restrictions on what expenses etc can be claimed by you through the company. The qualifying expenses are as follows:

Travelling, accommodation and subsistence expenses that are allowable (see section on travelling expenses on page 6);

etc., etc.

Darren@UptonAccountants
19th August 2005, 14:33
We recommend one - check the link below.............
....what link?

4Contractors
23rd August 2005, 07:35
Under new regulations (commonly known as IR35) that came into force from 6th April 2000 there are restrictions on what expenses etc can be claimed by you through the company. The qualifying expenses are as follows:

Travelling, accommodation and subsistence expenses that are allowable (see section on travelling expenses on page 6);

Our link has been removed - heh but thanks Darren :talk:

Not quite sure what the problem is here ?? - is it interpretation or simply a case of not being able to read plain English ?

If you are caught by IR35 those are the only legitimate expenses that can be claimed, apart from the 5% of turnover, of course.

Incidentally Lucifer, you edit your post and it still makes about as much sense literally as your comment does factually :spank:

Lucifer Box
23rd August 2005, 08:22
If you are caught by IR35
I think your own words in your response reveal the problem with your site. You are presenting IR35 to the new boys as universally applicable to all, no ifs and no buts (as Chico might say).

Now, let's be nice. It's all a bit of fun. http://forums.contractoruk.com/images/smilies/extras/15.gif

4Contractors
23rd August 2005, 08:32
Hi Lucifer

I hope we are not doing that but if you quote out of context it's difficult to see the relevance. You may be surprised to know that the vast majority of applications on our website are for umbrella companies :suicide:
We both have limited companies run outside of IR35 but it is only fair to present a balanced argument to new contractors who are thoroughly confused by all this IR35 stuff. Come to think of it I don't know anyone who is actually 100% confident with it - do you ?

No wish to fight but quite capable of self defence if necessary :moon:

Rhino

Lucifer Box
23rd August 2005, 08:41
I think you do need to rethink your wording. The first link on your site is 'Accountant' and underneath that one for 'New Contractors' with the pre-amble "Read this information carefully". After the stuff about what a limited company is, you get the 'Expenses' section which starts off with the "Under new regulations (commonly known as IR35) that came into force from 6th April 2000 there are restrictions on what expenses etc can be claimed..." blurb.

Even starting off with "In certain circumstances.." would be a big help to the new boys.

4Contractors
23rd August 2005, 09:04
Lucifer

The information you are quoting is an extract from the accountants information pack which we are obliged to publish. As contractors our advice to new contractors is completely different and less responsible than that from a far more conservative accountant.

On a personal level, we have always operated outside of IR35 and fought against its injustice but it is up to individuals to collate information and make their own decisions on the issue.

If you advised someone to operate outside of IR35 and they were subsequently investigated and presented with a large tax bill, how would you feel and how would you back up your original comments. It's a bit like lending out a motorcycle crash helmet really - not the done thing !

I know this is tittle tattle amongst us but we take these matters very seriously as some very old posts on the old forum show.

OwlHoot
23rd August 2005, 09:44
If you are caught by IR35 those are the only legitimate expenses that can be claimed, apart from the 5% of turnover, of course.

Is that 5% an absolute limit, regardless of legit expenses.

OwlHoot
23rd August 2005, 09:47
I hope we are not doing that but if you quote out of context it's difficult to see the relevance. You may be surprised to know that the vast majority of applications on our website are for umbrella companies

If for some reason you suspected that someone who claimed to be outside IR35 might be caught, or maybe that client admitted as much, would you as accountants feel obliged to use the new reporting system and shop them? Or is this an inconceivable situation?

Darren@UptonAccountants
23rd August 2005, 10:07
If for some reason you suspected that someone who claimed to be outside IR35 might be caught, or maybe that client admitted as much, would you as accountants feel obliged to use the new reporting system and shop them? Or is this an inconceivable situation?

In the above, we would advise the client what they should be doing, it would then be up to them whether to act on this advice.

4Contractors
23rd August 2005, 13:24
If for some reason you suspected that someone who claimed to be outside IR35 might be caught, or maybe that client admitted as much, would you as accountants feel obliged to use the new reporting system and shop them? Or is this an inconceivable situation?

The accountants first loyalty should be to his clients and many accountants are very conservative in their advice in order to protect their clients. Most contractor accountants try to make contractors aware of the possible impact of IR35 but the final decision as to how the limited company is run is the clients decision. Clients are also untimately responsible for their signed off accounts.

The only collusion with the taxman I have come across was back in 1998 when my old accountant JSA reached a global settlement with the Inland Revenue over legitimate but apparently disallowed expenses claimed for travel, accom, etc claimed before April 1998. Naturally, JSA also included a fee for their services on top of that. A lot of JSA clients, including me, were forced to cough up over £800 - I never heard of anyone else having to pay this money - another very good reason to steer well clear of JSA !!