How do these "90% take-home" companies still exist?
Discussion
I thought these had all been legislated out of existence? Just got an email from one promising 90% without loans. Pure scam? Or the biggest red flag to HMRC you could imagine?
How do they actually work?
About 15 years back I worked through brooksons who paid something like 75% - a managed service company i think it was known. All they did was basically run one large ltd co with dozens of shareholders and bare minimum costs with low salary/high dividends.
How do they actually work?
About 15 years back I worked through brooksons who paid something like 75% - a managed service company i think it was known. All they did was basically run one large ltd co with dozens of shareholders and bare minimum costs with low salary/high dividends.
Lefty said:
I thought these had all been legislated out of existence?
Not quite, but you'd certainly be pretty naive to get involved these days.Lefty said:
Just got an email from one promising 90% without loans. Pure scam?
Yes.Lefty said:
Or the biggest red flag to HMRC you could imagine?
Yes.Lefty said:
How do they actually work?
The directors take 10% from you, then vanish to the Bahamas with the takings as soon as HMRC start sniffing around.Oh, you mean how do they work for the contractor? They don't.
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