I really do hope this works well. Outlook/email integration for automated reminders and Xero client list API next please!
Great article. I spent a lot of time researching this a few months ago, this summarises everything very nicely!
So are these payments tax free?!
Bulk recoding - at last!
At last! Glad Xero have now caught up with QBO on this.
essex accountant wrote:
I have 40 - 50 clients registered at 14.5% when they should have been at 12%!! i will consider re-registration for them all.
Also considering this for someone. But will this mean not being able to rejoin the FRS for 12 months?
On my HMRC Online agent account all PAYE clients are marked as 'prior year not filed' even though most have been filed already (via HMRC Basic PAYE Tools). Does anyone else have this issue?
'Arctic Systems exception' variation
A further question - on the 'Arctic Systems exception' would it make any difference whether shares were subscribed at par on incorporation or whether they were gifted (husband and wife situation) after incorporation?
You are forgetting that lots of contractors have issued shares to spouses etc, so also lots of tax dodged here across the contractor industry....cfield wrote:
People work through companies (amongst other reasons) in order to dodge NI, not tax. You have to pay higher rate tax on the dividends anyway so you don't save much on that front, unless you retain profits for years when you are not working or extract them as a capital gain when you finally close the company.