The part of the message that says let the advisor know your query at the start of the call as they may be due to have one of their breaks does me. No breaks here. No leave. They live in utopia. Why arent they back in the office like everyone else. Their knowledge level is also abysmal. Their wait times are a total joke. Someone needs to do a panorama style programme on this. The current time to change a limited co vat number over to sole trader status is 6 months according to them. This is unacceptable. Are they held to account by anyone, do they have KPIs to meet? Also the people on the covid line couldnt be more patronising and lacking in tax knowledge if they tried.
I think other accountants will judge people they think are unqualified due to lack of letters but the public won't care. I have taken on clients from accountants who have bought into one of these bogus institutions you can pay to join and get a fancy letterhead and a real sounding organisation to put on your paperwork and they have though coming to me was a step down!! Of the various Chartered bodies, each feels theirs is the best.
I think all accountants should have to be Chartered to call themselves an accountant and all people offering services to the public should have to have insurance and be regulated by someone by law. From what I have seen on here Paul Scholes is an excellent accountant and very knowledgeable but unfortunately there are some in my vicinity who are unqualified as opposed to lapsed members who are dire.
Don't forget to do that we would have to be on hold for an hour, only to be cut off or send in a letter that would be lost 3 times then eventually responded to in their 3 month window.
Digital by default.....not holding my breath on that. Until then we will continue to all pretend its 1940.
Don't forget to do that we would have to be on hold for an hour, only to be cut off or send in a letter that would be lost 3 times then eventually responded to in their 3 month window.
I am assuming that is sarcasm meant in jest. I am sure most people can find someone to have their name on the payroll if it means keeping the allowance but I am assuming there will be some sort of caveat like they need to be being paid enough to fall into NIC.
In the budget, sole director companies will lose the benefit of the employment allowance.
Does anyone think that Osborne perhaps meant director only companies? Otherwise, husband/wife companies will gain a tax advantage over single director.
I have just written to my MP who is a conservative and runs a business club for people under 30. I have asked how he can convince those members that the conservative party is for the small business while bring in those policies. Certainly in this part of the South Coast (a working class city) our average client will be the exact person effective by the dividend and employment allowance change. Whilst we have one of the poorest boroughs in England (officially) our clients never qualify for any of the regional help. (Like the previous employers NI scheme from 3 years ago).
If he replies I will let you know their thinking. I have suggested he joins the forum to express his views and those of his party.
the other issue that one person directors will no longer be eligible for employment allowance meaning they will have to decrease their pay down to the NI limit and have the top up to the tax threshold as dividends as the EES plus ERS would make it non viable against the CT offset.
What these comments has missed is the damage done to the second state pension when the state pension regime changed during the previous coalition government. Until that change there was less incentive for forward seeing businessmen to keep their salaries very low and remunerate themselves largely in dividend form.
To I really should kn....
You're forgetting the saving of £31K x 2% corporation tax = £620 bringing your figure down to
£1330
From reports online this reduction is not coming in until 2 or 3 years AFTER the dividend changed. Will be ecstatic to be corrected!!!!
Seems morally wrong that further tax is being paid on top of the 20% corporation tax already paid. I guess now is the time to add on some more shareholders!!!
My answers
The part of the message that says let the advisor know your query at the start of the call as they may be due to have one of their breaks does me. No breaks here. No leave. They live in utopia. Why arent they back in the office like everyone else. Their knowledge level is also abysmal. Their wait times are a total joke. Someone needs to do a panorama style programme on this. The current time to change a limited co vat number over to sole trader status is 6 months according to them. This is unacceptable. Are they held to account by anyone, do they have KPIs to meet? Also the people on the covid line couldnt be more patronising and lacking in tax knowledge if they tried.
Industry vs public
I think other accountants will judge people they think are unqualified due to lack of letters but the public won't care. I have taken on clients from accountants who have bought into one of these bogus institutions you can pay to join and get a fancy letterhead and a real sounding organisation to put on your paperwork and they have though coming to me was a step down!! Of the various Chartered bodies, each feels theirs is the best.
I think all accountants should have to be Chartered to call themselves an accountant and all people offering services to the public should have to have insurance and be regulated by someone by law. From what I have seen on here Paul Scholes is an excellent accountant and very knowledgeable but unfortunately there are some in my vicinity who are unqualified as opposed to lapsed members who are dire.
oh how I laughed
Digital by default.....not holding my breath on that. Until then we will continue to all pretend its 1940.
Norstar
Don't forget to do that we would have to be on hold for an hour, only to be cut off or send in a letter that would be lost 3 times then eventually responded to in their 3 month window.
jest
I am assuming that is sarcasm meant in jest. I am sure most people can find someone to have their name on the payroll if it means keeping the allowance but I am assuming there will be some sort of caveat like they need to be being paid enough to fall into NIC.
Saw it first on here - just makes it worse
I saw it first on here. There is another thread on here about it.
Employment allowance and sole director payrollPosted by SteLacca PM | on Wed, 08/07/2015 - 16:15 1635 16 comments | report printMore social links Twitter Facebook Linkedin Google+
In the budget, sole director companies will lose the benefit of the employment allowance.
Does anyone think that Osborne perhaps meant director only companies? Otherwise, husband/wife companies will gain a tax advantage over single director.
Mp
I have just written to my MP who is a conservative and runs a business club for people under 30. I have asked how he can convince those members that the conservative party is for the small business while bring in those policies. Certainly in this part of the South Coast (a working class city) our average client will be the exact person effective by the dividend and employment allowance change. Whilst we have one of the poorest boroughs in England (officially) our clients never qualify for any of the regional help. (Like the previous employers NI scheme from 3 years ago).
If he replies I will let you know their thinking. I have suggested he joins the forum to express his views and those of his party.
Add to this woe
the other issue that one person directors will no longer be eligible for employment allowance meaning they will have to decrease their pay down to the NI limit and have the top up to the tax threshold as dividends as the EES plus ERS would make it non viable against the CT offset.
??
From reports online this reduction is not coming in until 2 or 3 years AFTER the dividend changed. Will be ecstatic to be corrected!!!!
So unjust
Seems morally wrong that further tax is being paid on top of the 20% corporation tax already paid. I guess now is the time to add on some more shareholders!!!