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  1. Replies
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    935

    They can, they just don't (as it would cost too...

    They can, they just don't (as it would cost too much)
  2. Replies
    28
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    935

    It's perfectly OK to provide a director with the...

    It's perfectly OK to provide a director with the kit to make phone calls for their business. They can opt to put whatever SIM in that phone they want, they can only reclaim the cost of the airtime...
  3. Your statement shows a massive misunderstanding...

    Your statement shows a massive misunderstanding of dividends,

    You cannot intend to declare a dividend. If you wish to declare a dividend, you have to hold a shareholder meeting, table the motion...
  4. Thread: Agency Margins

    by oilboil
    Replies
    43
    Views
    3,429

    Many of my contracts are for specialist services...

    Many of my contracts are for specialist services for a few days/weeks to support other consulting companies do stuff they don't have people qualified to do.

    On some of these contracts the day rate...
  5. I'm not sure why they are using a calculation...

    I'm not sure why they are using a calculation anyway, it looks like they are on "full-furlough" and not the part-time furlough option. In which case the government have built a calculator for...
  6. Replies
    31
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    2,166

    Have you ever watched Erin Brokovitch? The UK...

    Have you ever watched Erin Brokovitch?

    The UK Government has a similar defacto response to PG&E (except PG&E actually wrote to claimants telling them No), ignore the first request, think about it...
  7. Replies
    16
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    791

    I'm the opposite. A UK citizen, but have...

    I'm the opposite. A UK citizen, but have previously resided (as PR) in AUS and will be going back very soon (as PR still - and citizen eventually)

    Now if I take (in 20+ years) my lump sum from the...
  8. Replies
    4
    Views
    779

    May well be something like undeclared dividends...

    May well be something like undeclared dividends being classified as a directors loan or something like that
  9. Replies
    104
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    3,056

    The number you need is 101 from any phone. ...

    The number you need is 101 from any phone.

    This will connect you to the Police non-emergency incident line.

    Here you can ask them how they can help get those compromising nudes the "foreign...
  10. I so remember the ice-rink and the inebriated...

    I so remember the ice-rink and the inebriated office workers (me included) - happy days!
  11. Replies
    9
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    692

    I've never personally used a Director's Loan so...

    I've never personally used a Director's Loan so this is from theory not experience.

    It is my understanding that whilst a DL repaid within 9 months of the company year end doesn't need to incur...
  12. Replies
    63
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    2,272

    Seems like an unnecessary and difficult task ...

    Seems like an unnecessary and difficult task

    Assuming they where under 41, had worked for their company for 10 years and paid in line with usual contractor rates the maximum stat redundancy is...
  13. Replies
    63
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    2,272

    Whilst I broadly agree with the other comments...

    Whilst I broadly agree with the other comments about creative accounting and playing fast and loose with tax rules, isn't this all actually irrelevant given the statement "hence provided her a P45"
    ...
  14. Thread: Payroll query

    by oilboil
    Replies
    2
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    290

    Absolutely correct; my question for the OP is if...

    Absolutely correct; my question for the OP is if you didn't know this I'd suggest that even taking into accout your previous education you probably aren't up-to-date enough with accounting rules to...
  15. I'd argue that advice has to be given (or else it...

    I'd argue that advice has to be given (or else it isn't advice it's just knowledge they know that you haven't been given)

    So if you have been getting this for 18 months and not querying it /...
  16. Yep - Oil all the way (with the occasional other...

    Yep - Oil all the way (with the occasional other natural resource exploration gig)
  17. I can't say that I'd noticed. It's been a busy...

    I can't say that I'd noticed. It's been a busy time in my industry all the way through this process and we can't hire contractors quick enough. Have you thought maybe it's not the market, maybe it's...
  18. Replies
    3
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    544

    The bigger question is how did you think the Oil...

    The bigger question is how did you think the Oil business was "winding down" - I work in that area and contracting has been white hot since 2014/5
  19. Replies
    15
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    1,094

    You've got your figures wrong. So how it works...

    You've got your figures wrong.

    So how it works for us
    So let's take a typical contrator PAYE salary at £792/month.
    - Get the scheme with 33% of the time worked. So get £261/month from LTD
    -...
  20. We don't know that they haven't got another GIG...

    We don't know that they haven't got another GIG lined up already, they don't say...

    Of course if eberyone takes the "little man" option and says well "ok, you can give me a rate cut and I'll just...
  21. Thread: Salary Change

    by oilboil
    Replies
    23
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    2,614

    You don't need to pay a salary, but if you do it...

    You don't need to pay a salary, but if you do it will require a contract of employment (payments from a company without an employment contract are either drawings or dividends).

    If you do pay a...
  22. Replies
    12
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    1,185

    It would be rather pointless if the vetting...

    It would be rather pointless if the vetting process for an SC contract (that no-one is supposed to know you hold technically) left a marker on your accessible credit file.

    They do a search but it...
  23. Replies
    13
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    1,098

    Take some legal advice as well around taxation,...

    Take some legal advice as well around taxation, the fact you are taking share options in lieu of salary means there are tax implications due at the point of award, regardless of whether the options...
  24. Replies
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    788

    Cool - if you know the potential pitfalls and...

    Cool - if you know the potential pitfalls and your main employer doesn't have an issue then that changes it.

    Normally it would be pointless to do a LTD company for 30K yearly income as the whole...
  25. Replies
    10
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    788

    Does this side-gig have any resemblance to the...

    Does this side-gig have any resemblance to the work you do in your day job? If so I would suggest you have a very good word with your companies HR and employment lawyers, they are likely to go mental...
  26. Thread: 120/B7008

    by oilboil
    Replies
    2
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    465

    It isn't a tax code for the employee, its the...

    It isn't a tax code for the employee, its the PAYE scheme number for the employer paying your wage (company, umbrella or your limited co. depending on how you get paid)

    In the olden days the...
  27. I can already tell you the outcome, anyone who...

    I can already tell you the outcome, anyone who completes the process gets added to the framework, which makes it pretty useless as a portal. There are about 30 providers that 90% of the work goes to,...
  28. Just not true, almost all DMP awards got to the...

    Just not true, almost all DMP awards got to the big 10 players (Big 4 plus TCS, G4S, Detica etc...)

    An independent without lots of training in how to write DMP bids will almost certainly never get...
  29. Because in his case maybe the wife is entirely...

    Because in his case maybe the wife is entirely fictitious and he assumes we are all like him?
  30. Replies
    12
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    1,143

    Also depends on the likeliness of a marriage...

    Also depends on the likeliness of a marriage breakdown, passing 90% to essentially the "silent partner" in the business means they get 90% if they decide to wind it up
  31. Thread: Rate question

    by oilboil
    Replies
    13
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    2,408

    I'm shocked people are saying £750 p/day for...

    I'm shocked people are saying £750 p/day for Docker, it's a commodity skill that a decent first year could pick up in about 2 weeks (I've seen many do it).

    A perm equivalent rate for a docker...
  32. Replies
    113
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    17,076

    I've had work from the framework, it helps if you...

    I've had work from the framework, it helps if you can frame your services in the way a consultancy would and if you can offer more than just a bum-on-seat programmer or analyst resource. You need to...
  33. Replies
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    2,725

    In answer to the question "when will I get paid?"...

    In answer to the question "when will I get paid?" I can't give a better answer than two you have already had.

    1) It depends
    2) What does the contract say

    I can give some examples though:
    ...
  34. Replies
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    17,076

    You are right - most inside roles are farmed out...

    You are right - most inside roles are farmed out to hayes or something like that and so hit the monster/jobserve route instead
  35. Replies
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    17,076

    Have you been on G-Cloud before? I have been for...

    Have you been on G-Cloud before? I have been for 4 years through my own limited company and for 3 years before that I managed the G-Cloud sourcing and application for one of the Big-4 (as well as...
  36. Replies
    113
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    17,076

    I've always found it quite ironic that the...

    I've always found it quite ironic that the Government seems determined to shut down contracting and force everyone down the IR35/inside route; yet the official job-board of givernment and the public...
  37. Based on what they say about it being a Big 4...

    Based on what they say about it being a Big 4 they won't.

    It sets a huge precedent - he will have to dispose/purchase the car legally as soon as possible
  38. Replies
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    1,224

    It's the most mind numbing task imaginable

    It's the most mind numbing task imaginable
  39. Having done exactly what you are doing contractor...

    Having done exactly what you are doing contractor -> big 4 (and now back contracting again after 10 good years in the firm) I can guarantee they will be all over you to close down the company, so...
  40. And in your description of the process you are...

    And in your description of the process you are correct, the poster said they "paid" the employer NI, that makes them an employer not the employee (hint - it's right there in the name of the deduction)
  41. No - if you are paying employers NI you aren't an...

    No - if you are paying employers NI you aren't an employee, you are a contingent resource using their payroll processing service. If you were an actual employee they would pay the employers NI as...
  42. Replies
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    4,359

    Your definition of early days and mine must...

    Your definition of early days and mine must differ. TOGAF came out in 1995 and the version you got certified in was published in 2006 so hardly "early days of TOGAF" - just the first you'd heard of it
  43. Unless you've got some big plan to appeal to the...

    Unless you've got some big plan to appeal to the "man on the street" and sell to thousands, I think you are over-thinking it, no-one in a B2B relationship really cares what the company is called,...
  44. Replies
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    3,891

    Maybe it does, but unless you take it out as...

    Maybe it does, but unless you take it out as salary, you would still be required to either service the loan until paid (and after 12 months interest is due as well) or pay back the loan before you...
  45. They aren't allowed to charge for these things if...

    They aren't allowed to charge for these things if you are on furlough - it's in black and white in the rules.
  46. They could have, but it costs them to process...

    They could have, but it costs them to process payroll and they have other costs like apprentice levy that the furlough doesn't pay. So they'd be paying out of their pockets to allow them to furlough...
  47. Replies
    31
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    3,669

    It isn't really any effort, I work from home all...

    It isn't really any effort, I work from home all the time. I just claim the amount every 6 months. I'd rather have 300 quid a year in my pocket tax-free rather than 240 quid and 60 quid taken off in...
  48. Replies
    24
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    3,891

    You are obviously doing it wrong, plenty of...

    You are obviously doing it wrong, plenty of people make a profit on providing services. Maybe you meant "you won't necessarily be able to make as much profit"???
  49. Replies
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    If you are a more traditional company that...

    If you are a more traditional company that requires more than just you to make money this spending it on payroll makes sense. You can't get out of COVID cash-constraints because you can't pay your...
  50. You are missing the point, its a contract and...

    You are missing the point, its a contract and they've terminated - they are legally allowed to so.

    You are missing the point, the furlough scheme is for employees the employer wishes to retain but...
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