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Type: Posts; User: Benson77

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  1. I totally appreciate what you say there, I still...

    I totally appreciate what you say there, I still have a long way to go with this, thanks for your input though.
  2. The profit share allocation is only for financial...

    The profit share allocation is only for financial year 17/18, I agree it was never a business development fund but was just the ODCA rebranded and now rebranded again as profit share, but I got the...
  3. Because it promised to be a one stop shop, taking...

    Because it promised to be a one stop shop, taking care of my accounts and insurance, this appealed to me at the time, not realising the bigger picture. I also had colleagues who work in the same...
  4. Procorre have replied to me confirming that they...

    Procorre have replied to me confirming that they will be declaring these profit shares in the UK.
    They say the profit share is my allocation of profits made whilst on project for Procorre and the...
  5. I've read & reread but its all so vague I would...

    I've read & reread but its all so vague I would need a degreee to understand it fully.
    I have questioned procorre as to how this payment was actually made to me in the form of a profit share but...
  6. HI, yes that makes sense but what about PROCORRE...

    HI, yes that makes sense but what about PROCORRE (UK) LIMITED Company number 07644727, wont they make a tax return?
  7. No I haven't, I'm now seeking professional advice...

    No I haven't, I'm now seeking professional advice and waiting to hear back. I intend to declare the profit share as this will have been declared by Procorre (or should be). I know people have had...
  8. procorre LLP profit distribution letter

    HI, I received one of these letters but no mention of 2014/15. I was officially deregistered from procorre last year, am I going to receive one of these letters every year until the ODCA is cleared?...
  9. I would be really interested in seeing the...

    I would be really interested in seeing the webinar.
  10. The alarm bells are now deafening, but its to...

    The alarm bells are now deafening, but its to late now and I cant turn back the clock. I have read the posts you've mentioned but as you say none of it is definitive and this is where I'm having...
  11. Hi Webberg, I did join the WhatsApp group and its...

    Hi Webberg, I did join the WhatsApp group and its good to get others opinions but no one as yet (that ive spoken to) has got any further forward with this than I have, so its a bit like unexplored...
  12. Procorre say I have an overdrawn capital account...

    Procorre say I have an overdrawn capital account of around 100k, if they acquire the business I can apply for entrepreneurial relief which will take my liability down to 10%, entrepreneurial relief...
  13. I would have had no problem in paying the tax as...

    I would have had no problem in paying the tax as it fell but never having had a statement i was fairly ignorant to the amount building and definitely had a lack of understanding in what was...
  14. Has anyone actually managed to leave procorre...

    Has anyone actually managed to leave procorre cleanly and their preferred accountants?
    Did you pay the tax on the overdrawn capital account or did you somehow manage to reduce the cost?
  15. Came across this elsewhere, thought it might be...

    Came across this elsewhere, thought it might be of interest.

    Hi there
    Until last year I was a partner in an LLP. The LLP was not profitable over a long period of time and went into liquidation...
  16. Trying to find a way not to......

    Trying to find a way not to......
  17. Agreed, and even with the acquisition there is no...

    Agreed, and even with the acquisition there is no guarantee of the entrepreneurial tax relief, planning an exit strategy from procorre as soon as possible.
  18. Maybe if Procorre send all there emails from...

    Maybe if Procorre send all there emails from Singapore I guess they might possibly not be affected by the GDPR.
  19. Hi, I find myself in the same boat as many people...

    Hi, I find myself in the same boat as many people in this thread, has anyone yet accepted the acquisition? or has anyone managed to exit Procorre without having a massive tax bill? I’m really...
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