Umbrella Company.....to do or not to do
19 September 2002, 01:46 PM
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Thinking about dissolving my Ltd company, and changing to an umbrella company - anyone done this recently?
Compare and contrast / discuss / pros & cons e.t.c e.t.c thanks..
Compare and contrast / discuss / pros & cons e.t.c e.t.c thanks..
19 September 2002, 03:02 PM
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Are you a member of the PCG - loads of stuff on there - short answer is don't do it.
www.pcgroup.org.uk
I have to see the revenue tomorrow - might be start of an investigation :ringtwitch:
www.pcgroup.org.uk
I have to see the revenue tomorrow - might be start of an investigation :ringtwitch:
19 September 2002, 03:49 PM
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Dear father_jack, please forgive me for I am about to sin......
Slightly more tax, and not "fighting the great fight" with the PCG to rid the world of IR35 (never gonna happen).....these are the reasons I shouldn't kiss goodbye to all my paperwork and stress? Fair play if my Umbrella goes bust then i'm in a bit of trouble, but aside from that and the above, I see no reason to not do it.....
What is my pennance father?
[Edited by Crispin - 9/19/2002 3:50:17 PM]
Slightly more tax, and not "fighting the great fight" with the PCG to rid the world of IR35 (never gonna happen).....these are the reasons I shouldn't kiss goodbye to all my paperwork and stress? Fair play if my Umbrella goes bust then i'm in a bit of trouble, but aside from that and the above, I see no reason to not do it.....
What is my pennance father?
[Edited by Crispin - 9/19/2002 3:50:17 PM]
19 September 2002, 03:59 PM
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Your pennace is to join the fecking PCG or you get what you deserve. Just signed up for Route35 last week, just in the nick of time it appears 
Umbrella co. is not an exemption / way round IR35
Umbrella co. is not an exemption / way round IR35
19 September 2002, 04:10 PM
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But Father,
If my "employer" is taking care of (thru me) all the tax payments that need to be made, and I am classed as an employee of said company...how can I be deemed to be inside IR35.....
help me Father....
If my "employer" is taking care of (thru me) all the tax payments that need to be made, and I am classed as an employee of said company...how can I be deemed to be inside IR35.....
help me Father....
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19 September 2002, 04:22 PM
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Also Father,
If I am an employee of said company, and I am not a director of said company, and am not a shareholder of said company - please tell me father.....exactly HOW does/can IR35 affect me????? As my accountant as just told me it doesn't (or rather it can't).......
I fear you might need to study your Bible more Father......
If I am an employee of said company, and I am not a director of said company, and am not a shareholder of said company - please tell me father.....exactly HOW does/can IR35 affect me????? As my accountant as just told me it doesn't (or rather it can't).......
I fear you might need to study your Bible more Father......
19 September 2002, 04:33 PM
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It's all down to the contract. If the contract nods towards disguised employment it doesn't matter if you use a limited company, an umbrella company, an offshore company, etc, you will be stung for all payments due.
19 September 2002, 04:35 PM
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If my "employer" is taking care of (thru me) all the tax payments that need to be made, and I am classed as an employee of said company...how can I be deemed to be inside IR35.....
Umbrella Co. seems like the surest way of putting up you hands to it all as far as I can see.
Join the righteous PCG and read the mighty words of the FAQ therein.
19 September 2002, 04:39 PM
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Understood gents - thx.....
FJ, am not already an employee - no, am Director of own company, contracting for another company directly, for a fixed fee with a retainer, and am working from home e.t.c e.t.c e.t.c - not even close to being an "employee" of contracting company as far as I can see
...just v.interested in removing the paperwork from my life, of which it currently is the bain.....
FJ, am not already an employee - no, am Director of own company, contracting for another company directly, for a fixed fee with a retainer, and am working from home e.t.c e.t.c e.t.c - not even close to being an "employee" of contracting company as far as I can see
...just v.interested in removing the paperwork from my life, of which it currently is the bain.....
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