Member Since: 12th Feb 2010
10th Jul 2015
Don't forget that single-director limited companies can no longer claim Employer's Allowance on the first £2,000 of Employer's NI, either.
9th Jul 2015
Query on the employer's allowance
A query on the employer's allowance.
So they're no longer allowing it for single-director limited companies. What about two-director limited companies, such as husband and wife? Will the allowance be applied to one director, or neither director? And what about single-director limited companies that employ, say, one part-time worker who earns £10,000 per year? Does the employment allowance apply to that worker's earnings only, thus effectively limiting the relief to £260 per year, or does the fact that the company has an employee mean it's entitled to the full £3,000?
16th Jan 2015
This came in last week...
"PS you are the most organised accountant I've ever had, it's wonderful."
Gave me a huge smile!
15th Oct 2014
NICs on dividends - agree
I agree that the best way to solve the problem would be to subject close company dividends to the same National Insurance rates as salaries. Tax would remain lower (20% versus a jump to 40%) -- but that could be the means of making up for contractors' lack of holiday and sick pay and job security. And it would be MUCH better than contractors and their accountants needlessly fretting over whether they will be caught and have to cough up not only their share but their client's share of tax and NI.
10th May 2012
Ways to escape IR35
So it appears that in advising clients on how to avoid IR35 under the new points system, the following actions could be taken:
- Form a two-person limited company, with two contractors (each with a separate class of shares for dividends) who are each earning approximately 50% of the fee income -- thus passing the assistance test.
- Rent time-shared office space to pass the business premises test.
- Get the client to agree to accept a substitute for one day every two years, thus passing the actual substitution test.
Any other ideas?
10th Nov 2011
Sounds good - but how is the software?
This article is quite timely as I am thinking of replacing QuickBooks in the near future. But can anyone give me more information on:
- Obviously KashFlow must be purchased -- how good is this software, and does it allow multiple companies for one price, or is each company an additional charge like Iris OpenBooks? I don't mind paying for extra companies when the companies are reimbursing me, but if they are not, I'd like a system where I can have multiple clients for one price.
- Can anyone give comparisons on Orbitz vs Iris OpenBooks? I'm quite happy with the latter, but again, it's not the cheapest thing ever.
1st Nov 2010
I think the most unfair thing about IR35 is that the contractor is liable for deemed PAYE, employee's NI AND employer's NI! Why not hold the deemed employer liable for the deemed employer's NI? That would make the system much fairer, and remove the incentive for employers to "hire" staff disguised as contractors. After all, it is the client who writes up the contract, not the contractor -- the contractor has no choice to go to their client and say "Actually I would prefer to be paid as an employee". They just get stung for all the tax and NI.
21st Apr 2010
Why I've switched my vote
I've always supported the Lib Dems, but in this election I planned to vote Labour just because I reasoned the Lib Dems had no real chance, and better to stick with the lesser of the two main evils and keep the Conservatives out. Now that the Lib Dems actually do appear to have a chance, I've less to lose by voting for the party whose policies I support.
And I didn't watch the debate, so its contents have had no effect on me. I think the closet Liberal Democrat supporters are coming out of the closet now there seems an actual opportunity to make real change.