Search Results - Contractor UK Bulletin Board

Search:

Type: Posts; User: WordIsBond

Page 1 of 10 1 2 3 4

Search: Search took 0.01 seconds.

  1. I have a suggestion. Find the cheapest...

    I have a suggestion. Find the cheapest accountant you can. Bet you can find someone who will do it for £25 / month or so.

    They might rip you off, and then you can come back here and complain....
  2. What a shocking surprise. :rolleyes: Perhaps...

    What a shocking surprise. :rolleyes:

    Perhaps they'll be moderated slightly if they need the Lib Dems. The SNP is pretty much as Marxist as Labour. They already have higher taxes than the rest of...
  3. Replies
    22
    Views
    1,812

    Not true. I've had two proposals in the last...

    Not true. I've had two proposals in the last month from those who are blanket-banning PSCs. I've told them I'm not doing British banks right now because of IR35 and they promised me outside. Still...
  4. The Liberals might be a decent option if they...

    The Liberals might be a decent option if they weren't going to put Corbyn-McDonnell in power to stop Brexit. And everyone knows they are now really a one-issue party and that's what they'll do.
    ...
  5. McDonnell said in 2013 he is a Marxist. His...

    McDonnell said in 2013 he is a Marxist. His stated policies in the Labour manifesto indicate that he would push forward Marxist principles much more than this country has ever seen if elected.
    ...
  6. Ever been to the US? Doesn't seem to have hurt...

    Ever been to the US? Doesn't seem to have hurt entrepreneurship there, in fact it's booming compared to here.

    Not that it matters. Labour has been telling us for decades that the Tories are...
  7. Oh, and are you familiar with the name Darren...

    Oh, and are you familiar with the name Darren Upton? The attitude to an accountant should be "Trust but verify." That means learning enough to understand his advice, not just slavishly following it.
  8. Yes, the CT should be in the company funds the...

    Yes, the CT should be in the company funds the day after the year end. Not sure about the legality but practically they should be in the company funds from the time the profit is earned.

    If you...
  9. Oh, you're right. I never thought of that. ...

    Oh, you're right. I never thought of that. Fortunately, ToysRUs, Thomas Cook, BHS, Debenhams, Mothercare, Northern Rock, HMV, Comet, Woolworths, De La Rue, and Bury FC are all hiring those failed...
  10. If you couldn't commit company funds then, that...

    If you couldn't commit company funds then, that would have complicated it.

    But you could have loaned the funds to your company, and then made the contribution from your company.

    It's not an...
  11. Sounds correct. But if you'd asked a good...

    Sounds correct. But if you'd asked a good accountant for advice, he'd have advised you to make the pension contribution from your company so as to save corporation and dividend tax, even if you had...
  12. Thanks for identifying where you fall on the...

    Thanks for identifying where you fall on the with/without a brain spectrum.

    I started a new company four years ago. That's entrepreneurship. I now have six employees besides myself. The effort...
  13. Replies
    55
    Views
    4,066

    Socialism doesn't have to be stupid. You can...

    Socialism doesn't have to be stupid. You can have an NHS. I'm not aware that anyone is saying you shouldn't. But there certainly are people saying capitalism is evil. Corbyn calls it "greed is...
  14. Replies
    55
    Views
    4,066

    We're a wealthy country, and have had some...

    We're a wealthy country, and have had some policies, at least, that have encouraged wealth creation. The less well off have benefited as a result, due at least in part to very high tax revenues from...
  15. Replies
    55
    Views
    4,066

    Basic rate numbers look correct, haven't checked...

    Basic rate numbers look correct, haven't checked the others.

    Outside IR35 with the Labour tax rates has two scenarios where it is better. A) If you have a non-working spouse and pay dividends to...
  16. Replies
    55
    Views
    4,066

    When people can go to the shops and find food...

    When people can go to the shops and find food they can buy to give to that food bank opposite your house. When those people who frequent that food bank opposite your house start texting on their...
  17. Replies
    55
    Views
    4,066

    I'll vote for them. It's not that they deserve...

    I'll vote for them. It's not that they deserve my vote. It's that it's either going to be a Tory PM or Corbyn, and I'll never vote in a way to facilitate virulent anti-Semitism coming to power. ...
  18. Replies
    55
    Views
    4,066

    That could indeed be helpful.

    That could indeed be helpful.
  19. When the government stops using the tax system to...

    When the government stops using the tax system to subsidise or penalise other behaviours, this argument would have more moral force.

    As long as we're going to use the tax system to incentivise...
  20. It will have no effect. The party proposing to...

    It will have no effect. The party proposing to increase CT is also proposing to increase dividend tax to the same level as income tax.

    The result is that you can pay NI+Income tax, or CT+Income...
  21. Replies
    9
    Views
    831

    If I were Chancellor and decided this was...

    If I were Chancellor and decided this was counterproductive, I'd make it effective at 5 pm Budget Day. Sorry, but I think that is highly likely. If you want to go this way get the process started...
  22. Thread: New CEST

    by WordIsBond
    Replies
    34
    Views
    3,492

    Yes, just for kicks, I answered that I hadn't...

    Yes, just for kicks, I answered that I hadn't substituted but I could, and the client had no right to refuse. Then I went through all the other questions, every single one, and answered them as...
  23. I'll breach that figure this year, because I was...

    I'll breach that figure this year, because I was foolish enough to hire a couple more people whose time I could bill out. If this were to come in I might just let them go, and tell them I'll be glad...
  24. Ah, but what if the "someone on the internet" is...

    Ah, but what if the "someone on the internet" is somebody who says he likes tax, what then?

    Thanks again.
  25. Thanks again. The HMRC link was quite helpful. ...

    Thanks again. The HMRC link was quite helpful.

    I used a somewhat comparable FTSE-100 company, multiplied the div yield by 2, as in that HMRC example, and it arrives at a reasonably similar share...
  26. I happen to have noticed that this was written in...

    I happen to have noticed that this was written in cyberspace, not on paper, and so therefore I choose to believe it has value. :D Thanks.

    Am advised that since we are exporting services outside...
  27. Replies
    58
    Views
    6,295

    Well, he called the example (not the poster)...

    Well, he called the example (not the poster) moronic. He called the opinion (not the poster) ill-informed.

    Examples and opinions are fair game for name-calling, IMO, and the names used seem...
  28. I have a US lawyer on this part of it, but he's...

    I have a US lawyer on this part of it, but he's not much help with UK tax.
  29. That's certainly appropriate if my accountant's...

    That's certainly appropriate if my accountant's answer is not generally correct.

    If we're talking about whether a discount of 70 or 80% applies, then we're talking about a difference in taxable...
  30. I'll just copy the questions with my answer...

    I'll just copy the questions with my answer following:
    How about a few more facts about the valuation:

    1. What price is the company paying for the shares?
    We are negotiating a fixed price for a...
  31. Tax Treatment of Client Equity Stake -- second opinion

    MyCo has been offered a client equity stake as part of a big deal we are doing. There are four employees who would be glad to have the equity stake. Please spare me the obligatory warnings of why...
  32. Probably not a UK sub, can't imagine why a UK sub...

    Probably not a UK sub, can't imagine why a UK sub would need this. You're probably dealing with the parent company.
  33. Replies
    34
    Views
    1,815

    Pretty sure TCP is right. Can't be under SDC...

    Pretty sure TCP is right. Can't be under SDC with a brolly and claim. But if you aren't, you may be able to claim expenses for traveling to temporary workplaces.
  34. When you register I believe you will be asked if...

    When you register I believe you will be asked if you expect to be reclaiming more VAT than you are paying, in other words, if you expect it to be regular refunds, rather than payments.

    That would...
  35. Replies
    38
    Views
    1,479

    Well done, we are all exceedingly proud of you. :D

    Well done, we are all exceedingly proud of you. :D
  36. Replies
    38
    Views
    1,479

    He admitted it. Thus, you were in fact wrong. ...

    He admitted it. Thus, you were in fact wrong. Will you say so?

    "Man up man and withdraw"
  37. Replies
    9
    Views
    655

    You'll probably spend 30 years in a secure...

    You'll probably spend 30 years in a secure location, with rent, food, heat, and Internet provided by HMG, and you'll have a killer pension when you are free again. Why worry?

    Seriously, it just...
  38. This is share dealing fees and so you'd want to...

    This is share dealing fees and so you'd want to find out if it's the same within a pension, and I don't think it covers fund fees, but The Best Share Dealing Accounts | MyWalletHero
  39. Replies
    67
    Views
    4,404

    That's certainly not the case for me. But I do...

    That's certainly not the case for me. But I do need to be able to keep a substantive reserve to pay staff if contracts dry up for a while.

    I suspect that a lot of guys are using income splitting...
  40. Replies
    67
    Views
    4,404

    And won't if no one ever presents a coherent...

    And won't if no one ever presents a coherent solution to the problem. The problem is that contractors stuck in their heels and said, 'I like what I have, don't take it away.' We heard about...
  41. Replies
    67
    Views
    4,404

    No, part of the point is limited liability. Of...

    No, part of the point is limited liability.

    Of course it is about tax. You can even out an uneven income stream inside IR35 too, just by saving the money. The difference is that if you even it...
  42. Replies
    19
    Views
    1,693

    As long as your income doesn't reach the...

    As long as your income doesn't reach the threshold that triggers lower limits on contributions. The Annual Allowance - The Pensions Advisory Service. Basically, don't take income over £110K if you...
  43. Replies
    67
    Views
    4,404

    It's a good idea. If you took away ER/MVL but...

    It's a good idea. If you took away ER/MVL but offered "averaging" to contractors, it would certainly help with the bench time issues.

    It still leaves the question, how do you distinguish...
  44. Replies
    67
    Views
    4,404

    They can argue that but do the facts bear it out?...

    They can argue that but do the facts bear it out? Are the people at Barclays/Lloyds etc seeing an uplift in the rates offered to reflect ER NI being borne by the engager? Pretty sure that isn't...
  45. Replies
    67
    Views
    4,404

    Yes, you are correct. I'd forgotten it because...

    Yes, you are correct. I'd forgotten it because it is a non-issue for me personally. I'd say if you go back to the 24 month rule for inside roles as well as outside roles that would be equitable. ...
  46. Replies
    12
    Views
    1,765

    Maybe they'll use the same caveat that HMRC does...

    Maybe they'll use the same caveat that HMRC does -- as long as what's entered is accurate. Works for them....
  47. Replies
    67
    Views
    4,404

    I have one more issue that I think contributes to...

    I have one more issue that I think contributes to the IR35 problem. Very simply, it is punitive and so encourages people to tilt the scales in weighing whether they are inside or outside.

    Again,...
  48. Replies
    67
    Views
    4,404

    I've already talked about income splitting. You...

    I've already talked about income splitting. You are 100% correct, IMO, that the dividend tax change should mostly kill IR35, because it removed a significant imbalance. Perhaps it needs tweaked a...
  49. Replies
    67
    Views
    4,404

    That's all a rather long-winded way to say that...

    That's all a rather long-winded way to say that income splitting is an issue that isn't going to be solved with IR35. But, if you removed the income splitting imbalance, you would remove much of the...
  50. Replies
    67
    Views
    4,404

    The income splitting problem is not solvable...

    The income splitting problem is not solvable because ideology has trumped the real world in our tax system. That is the ideology that says a wife must be treated as having her own income and her own...
Results 1 to 50 of 500
Page 1 of 10 1 2 3 4