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Correct but it's creating a commercial loan rather than a directors loan in which case it can go on for as long as he wants. A directors loan has to be paid 9 months after the current tax year he's...

You need to know if your agent is on a fixed percentage comission. If they are then not a chance. It's always good to ask them this right off the bat when you are being put forward. Agents, for all...

Bad ideas aside then yes. It's not due to be paid until the figures have been submitted and calculated.

If you are completely happy you can repay it when it's due and willing to suffer any...

Excellent. I've no idea why but I'm gonna keep an eye on that.

I'm having a bit of a problem with my man servant.
Well lets get your man servant out and lets have a look then.
What? No, not that man servant. My Man Servant
etc etc

We are starting to get a trickle of people who've made a mistake MVL'sing and now reaslising they can't go back contracting for two years so worth a check point to ask.
At least I didn't give him...

Still not a patch on Lings Cars.

You really sure you want to liquidate? No going back to LTD contracting for two years.

Erm.. I best be closing my account then. :igmc:

For sure. Bit like this guy for example? https://www.contractoruk.com/forums/accounting-legal/141909-mvl-entrepreneurs-relief-starting-new-ltd-company-3.html#post2851394:eyes

Yeah because that's my job and I'm ****ing good at it.

Who says 'Ask your accountant' isn't good advice :D

Wrong area of the forum for gormless rants.

No winking in prof.

And WGAS.

1/10. tulip post.

General please.

But the £100 isn't income. It's irrelvant for the books as it's not a cash figure. 4k is cold hard cash on the books. I think you are way over thinking this.

So where do you think interest on the business bank account falls?

Surely all income to the company is counted when calculating profit. Are you saying this 4k isn't counted as profit at the end of...

I'm sure said organisation would be quite happy to pay him now before he's put the invoice in. :grin

Why don't the do it now just in case it does rise next year? :winker:

They'd provide due diligence and ask for evidence.

Wow.. And you are still carrying on :rollin:

Re-write your question with a very clear distinction between the director of the company, paying the company and you as an individual who is completely separate to the company and see if it makes any...

Oh dear.

So much wrong with this question it's untrue. Dunno where to start but it's not an expense until it's been paid. That alone closes this silly thing down.

This level of ridiculousness would be very...

And I thought I was being discreet :emb

Give me a moment to get up off the floor!! :eek

It's the moment you've given your kids, your dog and your deceased father in law a directorship and shares in the company.

HTH

Did Fraidycat get it wrong again? Whodathunk it.

He's kind of right but he's still got it wrong, as usual.

They have LTD's on board when they do the SDS. That means they will determine the role is inside AND THEN force them down the brolly...

And I'd also be tempted to go with this as well unless there is a fixed margin in place. That said my current client expects a ten or so percent cut on the first renewal. My agent swallowed some of...

Not always. I believe some contracts state you are not allowed to discuss rate with clients. I've never had one but people have mentioned them on here. You could ask before you sign the contract I...

I'd be pushing more towards 97%/3%

Arghhh. I think I've given Fraidy's inane ramblings some +ve rather than -ve rep. Can someone re-dress the balance for me please.

If there was a point there you spoilt it by sounding like a pompus ass.

I don't think this is true at all. As we move towards the April legislation the landscape is changing. Same number of roles offered same number of contractors (broadly speaking) so people are having...

If they use it, it comes outside and the give you a written determination the gig is outside then away you go.

I'm still skeptical about the situation if you get on site and find it's not, I. E....

Really hacks me off that does. Why do they pay what they do yet will laugh about how useless said person is in meetings. Does my nut in that.

Ah, that makes more sense yes. Sneaky t**ts

I joined one of those colab mining things many years ago when bitcoin just started and I'm sure I had approaching 1 bitcoin. Managed to get it on a couple of the work servers to soak test them and my...

I think the majority of the populate would quite happily put a wall around everyone of those and leave them to their own devices. We'll open the gates in a few years to see what's left... and then...

The former is potentially an IR35 problem if that end date isn't related to the work.

Yep I assumed the same. I just don't like it when contractors run it themselves and are convinced it's gospel so wanted to make the point.

I f*****g hate unusual spellings of names. I've got the least popular spelling of my name and it's a right pain in the arse. Having to spell your name every single time you talk to someone sucks. The...

Absolutey but IMO this is only if the client has done it as in this case. When contractors run it themselves I wouldn't trust the determination as far as I can spit as its the contractors view on a...

Absolutely this everytime.

For starters check how the client differentiates engagments between workforce and services. It will be a different framework and might need a PSL. If you were talking public sector for example then...

There is a post asking a similar question going at the moment although it's got a bit derailed. Also it's been asked in the past so a quick search might uncover something useful. A couple of people...

That puts a whole different spin on it. A low end general PC will be practically worthless over the same period.

Back to the OP's question. This is just an agency trick. The client won't be changing their rate, it's purely the agent and as the agent have no idea about what the real work is and won't understand...

No it doesn't. It could be billing cycles, could be the agent trying to please the contract, could be the hiring manager hedging his bets so he doesn't have to do the paperwork twice. Shows nothing. ...

No tulip sherlock....

HMRC thinks they do which is why everything is how it is. A good solid outside contract on T&M can be outside yes, but so very very few are hence the situation. No point arguing the point now, we are...