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  1. Replies
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    I would ignore Trust Pilot and similar reviews,...

    I would ignore Trust Pilot and similar reviews, they are too easy to manipulate and the recent article in The Times exposed how these review companies allow companies to suppress negative feedback. ...
  2. Thread: Surplus cash

    by Waldorf
    Replies
    57
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    8,511

    I wouldn’t touch property with a barge pole,...

    I wouldn’t touch property with a barge pole, increased restrictions both, legal and taxes makes it unattractive. The prospect of rent controls and tenant rights to buy proposed by Corbyn is a further...
  3. Replies
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    32,096

    Strange isn’t it? Whilst they don’t appear to...

    Strange isn’t it? Whilst they don’t appear to promote themselves on here they do have people who do, those referral fees must be quite an incentive.

    Their service levels improved when they...
  4. Replies
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    32,096

    One piece of advice would be to perhaps avoid any...

    One piece of advice would be to perhaps avoid any of the accountancy firms who are owned by private equity groups as the service levels appear to be falling.

    SJD, Nixon Williams, In Touch,...
  5. Sticky: Not sure what that was but Danbro Ltd (the...

    Not sure what that was but Danbro Ltd (the brolly) owed HMRC £3.5 million due to errors of treatment of client expenses etc. Despite having assets within the group, the company went into...
  6. Still prefer them to the Marxist Labour Party. ...

    Still prefer them to the Marxist Labour Party.

    Truth is this crackdown would have been presented to any chancellor as a leakage of tax revenues and so this move was inevitable.

    It is always...
  7. For accounting periods beginning on or after...

    For accounting periods beginning on or after 01/01/2016 a small company must meet at least two of the following conditions:

    * annual turnover must be not more than £10.2 million
    * the balance...
  8. Replies
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    1,452

    The dividend tax credit was abolished a few years...

    The dividend tax credit was abolished a few years ago. Part of the argument for increased tax on dividends is due to the reduction of CT, I think I can recall CT at 24% for small companies so as it...
  9. Replies
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    1,452

    You might not like it but I’m not sure why you...

    You might not like it but I’m not sure why you think it is unworkable.

    You have to look at it in the context of the public perception of tax dodgers, it is hard to justify paying a high rate of...
  10. Replies
    171
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    32,096

    Very sad to hear but I’ve heard many similar...

    Very sad to hear but I’ve heard many similar stories recently, such a shame to see a solid reputation trashed in just 3 years.
  11. Replies
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    1,827

    We have an attendant at our local Shell garage.

    We have an attendant at our local Shell garage.
  12. Many of the elections were in areas traditionally...

    Many of the elections were in areas traditionally favourable for Labour, if you stripped out the London results the picture is even poorer for Labour.

    For an opposition party, at this stage they...
  13. An interesting graph, you will note that when...

    An interesting graph, you will note that when Labour gained power in 1997, the economy was in great shape with government debt on a downward trajectory as a percentage of GDP, when the Tories again...
  14. Thread: 8% payroll tax

    by Waldorf
    Replies
    33
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    1,718

    The fund you pay into is your fund so it doesn’t...

    The fund you pay into is your fund so it doesn’t belong to other pensioners or shareholders etc. The only possible risk that I can see is a raid from Corbyn/McDonnell.

    Having said all that I no...
  15. Thread: 8% payroll tax

    by Waldorf
    Replies
    33
    Views
    1,718

    The pension contribution isn’t a tax, it is paid...

    The pension contribution isn’t a tax, it is paid into a fund of your choice which you benefit from when you retire.

    It is optional, so if you don’t want to pay then don’t.

    It is capped on...
  16. Replies
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    32,096

    How long are annual accounts “put on hold” for?...

    How long are annual accounts “put on hold” for? Why is this a policy? Prompt annual accounts are a good discipline for both the accountant and the client. They can quickly highlight problems and in...
  17. Replies
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    32,096

    It didn’t used to be like that. Private equity...

    It didn’t used to be like that. Private equity rules now and so looking for the nearest exit with big profits is the only aim. Long term interest in a business and the service it provides doesn’t...
  18. Replies
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    1,924

    That seems quite a hefty fee for hardly any work....

    That seems quite a hefty fee for hardly any work. What exactly do they say they do for this? The annual accounts are part of their standard service so apart from passing the details over to the...
  19. Replies
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    1,840

    At least there will now be some security for the...

    At least there will now be some security for the users of FreeAgent. As a loss making business, it lost £3m last year, I had wondered how long it could carry on.
  20. Replies
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    Will FA correctly calculate the VAT that can be...

    Will FA correctly calculate the VAT that can be claimed back on the mileage rate, taking account the engine size etc?
  21. I’ve heard that they’re losing clients now,...

    I’ve heard that they’re losing clients now, similar to SJD, they’ve also lost many of their experienced staff, not many left that were there when it was sold in 2014.
  22. Bidding war! Seems unlikely, who else would be...

    Bidding war! Seems unlikely, who else would be pouring cash into this sector?
  23. I see that this huge group, already comprising...

    I see that this huge group, already comprising Clearsky, Parasol, SJD & Nixon Williams, has now added First Umbrella & First Freelance to its stable.

    Never heard of them, anyone else?
  24. Replies
    171
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    32,096

    It would be ironic if they were going to Clearsky!

    It would be ironic if they were going to Clearsky!
  25. Replies
    171
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    32,096

    What you term sausage factories can be very...

    What you term sausage factories can be very efficient. It all falls down when you stop investing in staff, stop treating the staff as people, put inexperienced people in charge and only have a short...
  26. Replies
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    1,058

    You definitely need an accountant, apart from you...

    You definitely need an accountant, apart from you not understanding the tax rules, you can’t even make simple calculations.

    20% of £6,000 is not £1,500 and why is the tax on your profit of £2,000...
  27. Replies
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    2,375

    You would need £10k in expenses to get the profit...

    You would need £10k in expenses to get the profit to zero and hence paying no corporation tax. An unlikely scenario though, it’s contractors taking the p1ss that have caused the problems we have...
  28. Clearsky, Parasol, SJD & Nixon Williams (Optionis) For Sale at £300m !!

    This short article was published in The Sunday Times today.

    “Freelance firm in £300m sale -

    The private equity owner of Britain’s biggest accountancy firm for contract workers is weighing a...
  29. Replies
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    6,960

    It’s early days yet!

    It’s early days yet!
  30. Replies
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    6,960

    In Touch are now part of the huge Brookson group,...

    In Touch are now part of the huge Brookson group, there seems to be a trend of Accountancy firms being taken over by private equity and shortly afterwards their clients leave due to a drop in service.
  31. Replies
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    Recommend me an Accountant - SJD

    Danbro are mainly an umbrella company I thought. Do you know if the fact that Danbro Ltd, recently name changed to Tuiga Ltd going into administration will impact on your service?
  32. Replies
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    2,985

    Note that SJD, Clearsky, Parasol & Nixon Williams...

    Note that SJD, Clearsky, Parasol & Nixon Williams are all part of the same private equity backed group!
  33. Replies
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    67,295

    Care to elaborate?

    Care to elaborate?
  34. Wow, I’m surprised that In Touch would do...

    Wow, I’m surprised that In Touch would do something so unclear as this.

    If they make such an easy offer so complicated I dread to think what they’d do with other stuff.

    All a bit cloak and...
  35. Replies
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    I’m guessing that he is paying £120 + VAT so...

    I’m guessing that he is paying £120 + VAT so giving £144.

    I understand that that is one of Clearsky’s mid-range package. Still overpriced but what you can expect from such a large group.
    ...
  36. The vote isn’t based on any quality standards,...

    The vote isn’t based on any quality standards, it’s just a numbers game, SJD used to claim that they had 20,000 clients, even though they’ve probably lost loads, they are still very big so will...
  37. Replies
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    I’m sure this is widespread in the industry,...

    I’m sure this is widespread in the industry, especially with the bigger operators. I’ve heard of cash bribes, televisions, bundles of cash handed out on a Friday night etc, all seem to deny this goes...
  38. Can’t understand why NW can’t do this for you,...

    Can’t understand why NW can’t do this for you, they recently launched their “tax centre of excellence” and surely as part of a huge group there is someone who can handle this?
  39. Replies
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    SJD and Nixon Williams have since been joined up...

    SJD and Nixon Williams have since been joined up with Clearsky and Parasol into a huge supergroup, all backed by private equity. It’s a shame that the attention to service has fallen, probably not...
  40. Tim did say a ‘challenger’ bank, so that would...

    Tim did say a ‘challenger’ bank, so that would rule out HSBC!

    Hopefully not Sage either!
  41. Thread: Sir Nick Clegg

    by Waldorf
    Replies
    20
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    2,056

    They haven’t had over 100 MP’s for decades, at...

    They haven’t had over 100 MP’s for decades, at the 2010 election, when they entered into a coalition, they had 57 MP’s.
  42. Replies
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    3,755

    Agreed but let’s be honest not all contractors...

    Agreed but let’s be honest not all contractors are financially savvy and many just take money from the bank with no paper trail, so processing it all through a director’s loan account is often the...
  43. Replies
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    20,332

    Their website states that it is included!

    Their website states that it is included!
  44. Replies
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    4,036

    Strange that Gorilla Accounting are missing from...

    Strange that Gorilla Accounting are missing from the list?
  45. Replies
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    6,194

    Fair enough but it was misleading and now shown...

    Fair enough but it was misleading and now shown as bring incorrect. Having said that the subsequent purchase of Clearsky & Parasol will have taken their total investment in this sector to over £120...
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    2,776

    Don’t think he should do that as an automatic...

    Don’t think he should do that as an automatic action, could be deemed as being involved in your company and all the MSC issues that throws up.
  47. Replies
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    9,645

    I can recall getting a similar letter from SJD...

    I can recall getting a similar letter from SJD many years ago, so yes quite a few have used it. I can’t see the problem, if you’re not interested just phone/email them and tell them to stop, they’ll...
  48. Replies
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    6,194

    Good summary apart from the sums quoted. If you...

    Good summary apart from the sums quoted. If you search on via the free Companies House site for Optionis Group (used to be called Arkarius] and look at the accounts for the period ending 31st October...
  49. Replies
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    2,776

    This is the one area of accounts that many...

    This is the one area of accounts that many contractors fail to grasp and many accountants take advantage of this by ‘hiding’ unknown items. If there is one question you need to ask about your...
  50. Replies
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    48,129

    I believe that a consultation is the norm these...

    I believe that a consultation is the norm these days as a means to reduce or eliminate the effect of any legal challenge. I imagine the Treasury know what they are aiming for and expect changes to be...
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