View Profile: Lance - Contractor UK Bulletin Board

Yesterday, 16:55

Lance replied to a thread SC clearance and Contact work in Business / Contracts

to add to the other comments, the vetting people at your current company, if they are the sponsor, may well get to see your application. Whether the...

4 replies | 137 view(s)

Yesterday, 16:44

Lance replied to a thread Investing Reserves in Accounting / Legal

you seem overly concerned about 32.5% tax. That's an absolute bargain compared to what you'll be paying when you are forced inside IR35. You can...

20 replies | 434 view(s)

Yesterday, 16:40

Lance replied to a thread Investing Reserves in Accounting / Legal

Why 65? Why not 55? Why not 50 on savings and take pension at 55?

20 replies | 434 view(s)

Yesterday, 14:11

Lance replied to a thread Investing Reserves in Accounting / Legal

You mention 20% tax, and in the next sentence dividend tax. You need to sort your tax understanding out if you're intent on ignoring your...

20 replies | 434 view(s)

Yesterday, 12:08

Lance replied to a thread Investing Reserves in Accounting / Legal

1) savings account. Bad return but simple and less likely to become problematic later. As you've already realised. It's not worth it. Just pay the...

20 replies | 434 view(s)

Yesterday, 10:22

Lance replied to a thread Moving to Dubai in Business / Contracts

Bitcoin....

46 replies | 4568 view(s)

Yesterday, 09:16

Lance replied to a thread Contract Terminated Before Start Date in Business / Contracts

don't get yer knickers in a twist. I wasn't disagreeing, just adding a thought around contracts being written/altered to meet expectations of one...

11 replies | 495 view(s)

Yesterday, 08:47

Lance replied to a thread Contract Terminated Before Start Date in Business / Contracts

If of course the contract had been altered to include a fee for termination of the contract then something could potentially be claimed. This is...

11 replies | 495 view(s)

25th January 2021, 20:06

Lance replied to a thread How did you do this year? in Business / Contracts

at least it wasn't all the time. Did the client notice though? You only have to be one page ahead of them and you're brilliant.

116 replies | 13988 view(s)

25th January 2021, 17:36

Lance replied to a thread Cryptocurrency in General

not really. Bitcoin is very public, and very secure at the same time. Full visibility of every transaction is very public. Who has the private key...

8277 replies | 713852 view(s)

25th January 2021, 12:09

Lance replied to a thread State of the Market in Business / Contracts

my thoughts and prayers are with you.

6260 replies | 1092777 view(s)

25th January 2021, 09:37

Lance replied to a thread Prime contractor fee (subcontractor found the job but wants to use my SW license) in Business / Contracts

you need to be really careful with VAT for foreign customers. I don't know much about it but I know enough that I would double check for each...

8 replies | 379 view(s)

24th January 2021, 17:38

Lance replied to a thread Department of Plague in General

Hmmmmm.. 1/6 people in the uk have COVID as I understand. DVLA has 500 cases from 6,000 workers. Sounds like it’s pretty safe. Slow news...

5 replies | 203 view(s)

24th January 2021, 17:35

Lance replied to a thread Two contractors - One LTD ?? in Business / Contracts

All good points but all based on being bum on seat contractors rather than running a real business. This dilemma is a microcosm of LTD company...

16 replies | 735 view(s)

24th January 2021, 13:40

Lance replied to a thread Two contractors - One LTD ?? in Business / Contracts

I’d go the opposite way to eek. If you are sure of continuity of business post April then I’d do the one LTD. with you both as directors and equal...

16 replies | 735 view(s)

24th January 2021, 11:10

Lance replied to a thread Prime contractor fee (subcontractor found the job but wants to use my SW license) in Business / Contracts

Why wouldn’t you charge VAT to a business? It’s not an optional thing. You still charge it, but they, if registered, can claim it back.

8 replies | 379 view(s)

24th January 2021, 09:55

Lance replied to a thread Prime contractor fee (subcontractor found the job but wants to use my SW license) in Business / Contracts

Doubling revenue will have no affect on tax, other than VAT. Your company is taxed on profit. Insurance might go up, but you need to check your...

8 replies | 379 view(s)

23rd January 2021, 15:09

Lance replied to a thread Fish - A different perspective in Brexit

Fish, the former Marillion singer, wrote this on his Faceache site. tl;dr? - fooked 1/2

9 replies | 280 view(s)

22nd January 2021, 13:56

Lance replied to a thread Latest thinking on business banking in Accounting / Legal

Santander own Cater Allen, but that's it. Cater Allen don't even share the same regulator number. ...

27 replies | 940 view(s)

22nd January 2021, 13:52

Lance replied to a thread Providing fair value of assets for closure - where do you draw the line in Accounting / Legal

Just see what ebay charge for the same items with the same age. The fact you have expenses a laptop rather than treating as an asset doesn't...

6 replies | 302 view(s)

22nd January 2021, 13:50

Lance replied to a thread Personal Car Damaged at Work in Accounting / Legal

yes it is clear cut. If you claim any business miles you should have business travel on your insurance. You don't need business insurance for a...

26 replies | 923 view(s)

22nd January 2021, 09:32

Lance replied to a thread Personal Car Damaged at Work in Accounting / Legal

A "normal" place of work is covered under commuting for insurance purposes. What else could it be?

26 replies | 923 view(s)

22nd January 2021, 08:21

Lance replied to a thread Personal Car Damaged at Work in Accounting / Legal

Couple of points. If the OP isn’t claiming expenses on his mileage to the client, then it could very well be considered a commute as it’s not a...

26 replies | 923 view(s)

21st January 2021, 16:21

Lance replied to a thread Latest thinking on business banking in Accounting / Legal

Paying £8 a month when I have no need to is what's wrong. OK I don't care that much, if at all, but why pay for something when there's no need?

27 replies | 940 view(s)

21st January 2021, 15:27

Lance replied to a thread Latest thinking on business banking in Accounting / Legal

I wouldn't call them emerging. It's still Natwest, and like I say don't stash your cash there. Virgin Business Savings, CaterAllen both are free and...

27 replies | 940 view(s)

21st January 2021, 15:23

Lance replied to a thread Can you put Bitcoin in an ISA? in General

exactly my point. So why do you need an ISA? ISAs are for safe long term savings not speculative gambling on a bubble. I did OK. I put £600 in in...

25 replies | 703 view(s)

21st January 2021, 15:13

Lance replied to a thread Can you put Bitcoin in an ISA? in General

If you have sufficient BTC such that you are committing tax evasion DON'T PUT IT IN YOUR OWN ACCOUNT like I said. The platform is a dream for...

25 replies | 703 view(s)