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  1. Replies
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    This has been done to death on various threads on...

    This has been done to death on various threads on here. Many consider permanent employment with an unconnected employer safe but it doesn't put it beyond all doubt as there's not much to back up the...
  2. Thread: Budget Budget

    by MrC
    Replies
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    1,610

    Just to be clear you are suggesting that in...

    Just to be clear you are suggesting that in Heathmounts scenerio above, HMRC would , given their way, not allow ER against the March 20 distribtion even if it were before the law changed?

    If you...
  3. Thread: Budget Budget

    by MrC
    Replies
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    1,610

    I get your point, it's very much a one way...

    I get your point, it's very much a one way street.

    How did you fare in getting any assurances?

    You'd like to think that any change would be reasonably phased in eg any companies currently in...
  4. Thread: Budget Budget

    by MrC
    Replies
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    1,610

    Thanks for clarifying. Makes a bit more sense...

    Thanks for clarifying. Makes a bit more sense now.

    Regards the review. What makes you think that it will be annouced prior to carrying it out?

    Could the review have been going on quietly in the...
  5. Thread: Budget Budget

    by MrC
    Replies
    19
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    1,610

    Budget Budget

    OK, OK maybe I've been asleep with all the brexit/megan/whatever in the news of late but I did notice this: Budget 2020: When is it and what can we expect?
    which basically says the next budget is...
  6. Replies
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    contact paystream -they will do it for £3.60/wk

    contact paystream -they will do it for £3.60/wk
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    Yes and it's wishful thinking that any changes...

    Yes and it's wishful thinking that any changes wouldn't robustly block contractors since they are clearly in the cross hairs.
    Lim Dems it is then :igmc:
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    This! Interested to know peoples thoughts and...

    This!

    Interested to know peoples thoughts and speculations on when an end (for PSCs) might take place given the current political situation, if it were to.
    Apreciate there are no certainties but...
  9. Thread: The end of ER?

    by MrC
    Replies
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    2,935

    Resurecting this not-so-old thread. Interested...

    Resurecting this not-so-old thread.
    Interested to know peoples thoughts and speculations on when an end might take place given the current political situation, if it were to.
    Apreciate there are no...
  10. Replies
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    Thanks for clarifying so well Patrick. as I...

    Thanks for clarifying so well Patrick. as I suspected it's not as straightforward as some of the lesser folk on this forum seemed to think.
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    I'm not convinced it's as straightforward as...

    I'm not convinced it's as straightforward as you're suggesting.

    Let's say our client in my scenerio is an insurance company who sell motor insurance to the public. Well then Joe Smith with his...
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    Legitimacy of this model post April

    Contractor< "consultancy" < "client"

    Where the consultancy has SOW, fixed deliverables/price etc with the client. Consultancy pays contractor a day rate is not a permanent employee. Contractor...
  13. Replies
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    One difference between what the contractor and...

    One difference between what the contractor and the client want is a contractual and real world acceptable right of substitution. The client would only want it as a means to an end ie being outside....
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    Thanks Maslins, yes it's one of those conundrums...

    Thanks Maslins, yes it's one of those conundrums where you shouldn't have to sort out their mess now but apppealing it might be worse.

    More succiently:

    lose vs LOSE
    :violin:
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    MTD VAT Direct debit balls up

    So having switched onto MTD and previously had a DD for VAT in place I noticed that the payment for the quarter recently ended hasn't been taken.

    Did a bit of googling and found this:

    Vat DD...
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    pocket the receipts, bundle them all into a lever...

    pocket the receipts, bundle them all into a lever arch. Job done.
    Bank feed takes care of the accounting.

    This is MVP.
    Why spend hours photographing and cataloging them? Life is too short.
    If...
  17. Thread: MTD & VAT

    by MrC
    Replies
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    13,846

    Yes i feared as much. This looks like the thin...

    Yes i feared as much. This looks like the thin end of the wedge then.

    I can only begin to imagine all of the data mining and number crunching they must be planning to increase the speed and size...
  18. Thread: MTD & VAT

    by MrC
    Replies
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    13,846

    No wasn't expecting Freeagent to be a faff more...

    No wasn't expecting Freeagent to be a faff more the HMRC side and getting things in the correct order.

    Was there any small print when you signed up?
  19. Thread: MTD & VAT

    by MrC
    Replies
    51
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    13,846

    So do we have a definitive answer on whether this...

    So do we have a definitive answer on whether this process is required for everyone or just those doing the pilot?

    Setting up for Making Tax Digital (MTD) for VAT – FreeAgent

    Seems like a lot of...
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    Looked at the amazon link but fear I'd be asleep...

    Looked at the amazon link but fear I'd be asleep before i found out the answer
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    I'm not concerned about non- payment as it was...

    I'm not concerned about non- payment as it was basically given due to sloppy behaviours/errors on the part of the council. The council now accpet that it's not my bill to pay but mindful that the...
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    Liability Order - any adverse effects?

    I understand that if you get a council tax liability order it does not go on your credit record and does not give you a criminal record but I'm wondering if there are any more subtle adverse effects?...
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    from your link: This had me thinking that co...

    from your link:


    This had me thinking that co employees/directors were being seen as self employed for the purposes of this claim but I fully accept that the overview spells it out very clearly....
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    I'm probably being slow but....

    something i heard on a podcast recently made my ears prick up.

    They said that you can claim up to £26/month if you work enough hours froma home office. This obviously trumps £52/quarter. Googled...
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    Didn't realise i'd posted this in General...

    Didn't realise i'd posted this in General...
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    Sprung! well i would be if i actually had...

    Sprung!

    well i would be if i actually had stated my plan.
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    Like your style :grin

    Like your style :grin
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    Well if it just turns out to be things that are...

    Well if it just turns out to be things that are known the its a case of yes, yes move along. And if not and it spills to 2 or 3 hours then I'll have learnt something useful. But I'd say an hour would...
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    One-off review accountant reccomendations

    So my current set up involves doing all of the bookkeeping via freeagent and then getting an accountant to do the end of year stuff. I've used a couple regular monthly fee accountants in the past so...
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    While I don't doubt this is true I don't see how...

    While I don't doubt this is true I don't see how knowing that helps given that every agent will claim to be best buddies with the client.
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    ^^^^^ great idea.

    ^^^^^ great idea.
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    Confirming you've been put forward

    So given that we're all still alive after the budget:happy....

    Having been in this game for a good few years, one of the subtleties I've never quite figured out is whether it's possible to confirm...
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    Thanks for the insight. Sounds like a tax...

    Thanks for the insight. Sounds like a tax efficient strategy. Quite skewed towards maximising pension contributions now so you'll have made it the best of it if higher rate pension contribution get...
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    Not the exact same situation granted but the...

    Not the exact same situation granted but the rules surrounding tax are the same for everyone (unless you happen to be Google, Amazon et Al).

    Controlling the chancellor would be nice but I'm really...
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    Not sure if you followed my op. Looking at...

    Not sure if you followed my op. Looking at Hargreaves bumpf isn't going to inform an answer. This is not a question of what should i invest in.
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    Thanks though without trudging through all 78...

    Thanks though without trudging through all 78 pages worth I'm none the wiser as on the face of it that thread is about what to invest in. My dilemma is about where to source investment funds from and...
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    £43,000 isn't a trivial income. Decent enough if...

    £43,000 isn't a trivial income. Decent enough if you're not saddled with commitments. If on the other hand you've got 2 wives, 3 children 2 mortgages, 6 dogs, 3 cars and a gambling habit.... Perhaps...
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    Bump. Anyone?

    Bump. Anyone?
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    Financial planning strategies

    So my current strategy has been to take modest salary, divs up to HR limit, little or no pension contribution to try and amass as big a warchest as possible. Plan then is to leave contracting several...
  40. What can I say..... The dog ate my homework. ...

    What can I say..... The dog ate my homework. And the search button
  41. Philip Hammond eyes £1bn budget raid on freelancers

    I nearly fell off my chair when I saw this on the front page of the Sunday papers.

    https://www.thetimes.co.uk/article/philip-hammond-eyes-1bn-budget-raid-on-freelancers-9bm6lsjs6



    Wondering...
  42. Thanks for confirming. Pretty big win for...

    Thanks for confirming.

    Pretty big win for hmrc then abolishing the dividend tax credit. Not only do they get greater tax receipts they also get them early.



    Yes and from there just one...
  43. I wasn't aiming to lower the POA. It's not really...

    I wasn't aiming to lower the POA. It's not really the cashflow that bothers me but the administrative burden especially when having to deal with hmrc to reclaim overpaid tax. Are there any ways to...
  44. Dividend tax >> All Ltd Co contractors to payment on account....

    In view of the recent rising costs with the higher dividend tax I decided to submit my self assessment directly via hmrcs website, rather than paying £150 for the privilege of having someone else do...
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    This was what I was keen to avoid ie calculation...

    This was what I was keen to avoid ie calculation and need to have an argument to back it up.
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    Multiple "businesses" and home office use

    So you can offset £4/week against profits for home office use without any further calculation etc.

    If you have a ltd contractor business and a BTL "business" can you claim the £4 for each or just...
  47. Thanks for your thoughts wordisbond Yes, this...

    Thanks for your thoughts wordisbond

    Yes, this is the journey I've been down but figured by the time the effort is expended to verify, it would only be marginally more effort to work it out up...
  48. Thanks for your response Patrick. Yes, that...

    Thanks for your response Patrick. Yes, that brings clarity. Thank you. The point I'd missed is where the funding for the personal contribution comes from and the associated tax cost. I suppose my...
  49. [QUOTE=northernladuk;2388147]Get another one...

    [QUOTE=northernladuk;2388147]Get another one then. Surely the cost of not making the right choices due to running your business on an online forum far outweighs the cost of an accountant that also...
  50. Tax advantages of personal Vs company contribution to pension

    Hi. Apologies for long post.

    So this was pretty well covered here though governments will meedle so times have changed. Notably taxes on divs.

    Having made a company contribution to my sipp what...
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