Re: Good book on accounting for 1 man band Ltd

Tim wrote:
public.mark.m@xxxxxxxxxxxxxx wrote:
I want to try and do the whole thing myself, it will be fairly
simple situation i.e. monthly invoice, some expenses, 1
(me) employee on low salary, 2 directors me and partner)
(60/40) dividends, paid monthly. I have sage accounting
software. Just need a book, i will also be VAT registered.

"Troy Steadman" wrote
That "monthly invoice" sounds ominous.
Your first "read" may be to Google on IR35.

"Tim" wrote:
Don't forget, though, that "monthly invoice"
does NOT imply "caught by IR35"...

"Troy Steadman" wrote
"Monthly invoice" suggests one customer and regular invoicing,

Yes (but that doesn't imply that IR35 applies)...

"Troy Steadman" wrote
... "(me) employee" suggests one employee.

Again, yes -- but, again, that doesn't imply that IR35 applies!

"Troy Steadman" wrote
How many "badges of trade" so far Tim, IR35 or no IR35?

My "Troy-speak" translator is failing me here. What did you mean?

Luckily my "Repeat to Tim" echo machine has not yet run out of echo.

You cannot decide for yourself whether you are working through your
"one man band" limited company, any more than you can decide to be self
employed.

If you turn up:

<BADGES>
1) Yourself...
2) ...at an arranged time...
3) ...to be paid monthly...
4) ...in equal tranches...
5) ...without risking your own capital
</BADGES>

....then you are an employee. Your employer is responsible for deducing
income tax and NI, and if you (by which I mean he) choose to further
deduct NI and Corporation Tax where none is due, that is up to
you...erm...him.

.

Relevant Pages

  • Re: Good book on accounting for 1 man band Ltd
    ... Don't forget, though, that "monthly invoice" ... employee" suggests one employee. ... How many "badges of trade" so far Tim, IR35 or no IR35? ...
    (uk.finance)
  • Re: Good book on accounting for 1 man band Ltd
    ... dividends, paid monthly. ... Don't forget, though, that "monthly invoice" ... employee" suggests one employee. ... How many "badges of trade" so far Tim, IR35 or no IR35? ...
    (uk.finance)
  • Re: Good book on accounting for 1 man band Ltd
    ... I have sage accounting ... Don't forget, though, that "monthly invoice" ... employee" suggests one employee. ... How many "badges of trade" so far Tim, IR35 or no IR35? ...
    (uk.finance)
  • Re: Good book on accounting for 1 man band Ltd
    ... dividends, paid monthly. ... Don't forget, though, that "monthly invoice" ... employee" suggests one employee. ... How many "badges of trade" so far Tim, IR35 or no IR35? ...
    (uk.finance)
  • Re: can anyone offer Lisp job?
    ... Tim X wrote: ... I go for around 100$ an hour (as an indepedant consultant, not employee), so I think you 5$ an hour sound like you have no confindence in your own skills. ...
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