Originally posted by Grace at ADVANCE
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IR35 post April 2020: Choosing a legitimate Umbrella
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostAnd how much does that all cost the new company struggling to start off? Without accreditation they can't get the business to be able to get enough clients and money to get accreditation..... Not exactly helping the industry.
But in reality the FCSA only worked when it was the only game in town for agencies looking for a hassle free compliance check - It's no longer the only game in town and I really don't think annual compliance check is going to be good enough from next April as S61O of the finance act should have made very clear.
Sadly the FCSA didn't take the hint as to what the Government was actually expecting Agencies to do - but other solutions are coming...Last edited by eek; 4 November 2020, 15:08.merely at clientco for the entertainmentComment
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Originally posted by eek View PostThat's one issue, another one is that some members have seriously dodgy pasts......
The fact an FCSA accreditation is starting from - emphasis on the word from - £18K; means a start-up or a smaller player in the industry do not stand a chance.
It's, for want of a better word an attempt at monopolisation; thankfully it appears though that they're failing.
IMO the accreditation is not worth the paper its written on, never mind £18K.Comment
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Originally posted by Hanbanthankyoumam View PostTo put it lightly!
The fact an FCSA accreditation is starting from - emphasis on the word from - £18K; means a start-up or a smaller player in the industry do not stand a chance.
It's, for want of a better word an attempt at monopolisation; thankfully it appears though that they're failing.
IMO the accreditation is not worth the paper its written on, never mind £18K.Last edited by eek; 4 November 2020, 17:19.merely at clientco for the entertainmentComment
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Originally posted by Hanbanthankyoumam View PostTo put it lightly!
The fact an FCSA accreditation is starting from - emphasis on the word from - £18K; means a start-up or a smaller player in the industry do not stand a chance.
It's, for want of a better word an attempt at monopolisation; thankfully it appears though that they're failing.
IMO the accreditation is not worth the paper its written on, never mind £18K.
Thanks
ZeeshanComment
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Originally posted by DolanContractorGroup View PostNot sure where you've got this number from. There is a range, yes, but the starting cost is significantly less than £18k.
Thanks
Zeeshanmerely at clientco for the entertainmentComment
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Originally posted by DolanContractorGroup View Postthe starting cost is significantly less than £18k.
And generally these are small companies just starting out that have to dig very deep to pay that because they can't get clients on board due to the closed shop. Talk about stifling growth...Last edited by northernladuk; 4 November 2020, 23:01.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostWhat's the end cost though...
And generally these are small companies just starting out that have to dig very deep to pay that because they can't get clients on board due to the closed shop. Talk about stifling growth...
100%!
In January this year, the cost for accreditation was £6,250. Now it's starting from £18,000. So nearly a 300% increase in 10 months. Scandalous.Comment
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Originally posted by northernladuk View PostWhat's the end cost though...
And generally these are small companies just starting out that have to dig very deep to pay that because they can't get clients on board due to the closed shop. Talk about stifling growth...
- A minimum of 2 years successful operation and 1 year’s full accounts for the service seeking accreditation
- A minimum of 75 contractors successfully supported by the service seeking accreditation
- Minimum financial liquidity requirement of at least 2.5% of the margin
And yet people wonder why we regard it as an old Boys mates club.merely at clientco for the entertainmentComment
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Originally posted by eek View PostAnd yet people wonder why we regard it as an old Boys mates club.Comment
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