u/purple_spade

Got J1 at a major corporation in the industry in England. 4 days wfh one day in the office.

Had an interview for J2 in the same industry, not in England but in UK, fully remote, very new, small company. Had an offer through, seems like it could be a very nice setup.

In the interview they said they are working to get on the framework for J1 company as a supplier/consultant. Not directly, but through other companies that may work directly.

This is a big issue right? I assume J1 company will do background checks even if its not a direct supplier, where I could be uncovered as an employee? I cant really afford to lose J1.

I really want to accept but I also dont want to be stupid. Does anyone have any advice?

Hi, I'm quite new to hiring people to do stuff round the house, I tend to do things myself. The one time I got a plumber I was massively overcharged, so just want to make sure I avoid any scams.

Im looking for someone to do flooring, have got a quote from somewhere and a lead time. He has been very infrequent with comms though, a couple weeks before sending a quote and said it was because he was on holiday apparently, which he hadnt mentioned. To get started he said to pay 50% up front and 50% on completion.

I have to pay via bank transfer, but is that really it? Do I just pay 50% and hope he turns up? I get there's risks both way but they could just disappear and set up a new company right?

Are there any signs or red flags that people might do this? Sorry i know this isnt necessarily specific to flooring but not sure where else to post it.

I started looking into OE a couple weeks ago and have been mulling it over in my mind since. The primary reason to earn more is to be able to afford a better property in a couple years. I would likely want an extra 60k-90k buying power.

My current job is full time PAYE, one day in the office, 4 days WFH, and OE friendly.

I've beent tying to come up with the best setup out of the below.

1. Current job + OIR role (£300-£400/day) in same industry. Pros of this would be I can just try and save as much as I can in the next two years from J2 to make up that buying power, since I've heard OIR jobs can be difficult to mortgage. Cons are my current job contract says 2nd employment needs to be disclosed, cannot be conflict of interest, company can persue for lost money etc etc. Also never done OIR contract work and feels like I'd be going in at the deep end.

2. Curent job + PAYE role in a different industry. Entry level around £30k. Ive found some roles that are fully remote that sound like I could do and are OE friendly.

Question about this; do mortgage lenders consider both jobs when looking at affordability? Playing around with AI says that if I work over 48 hours a week, they wouldnt lend against anything more (I believe its the max weekly working hours for UK). So they wouldn't consider my 2nd job for affordability purposes, making this option useless since I wouldn't be able to save enough on the extra 30k salary.

Any thoughts appreciated. I also work as a mechanical engineer.

Im 6 years into an engineering career, currently 4 days WFH. Currently with my wife who is expecting a child where our combined income will drop significantly. In a couple years would kind of like to upside to a 3 bed semi detached house in the south, which just wouldnt be realistic with what my salary would be (around 60k).

Currently looking into this as an option, maybe do some sort of consulting for 10-20 hours a week, as the raise I would need for my current job is unrealistic.

Problem is my current job requires me to disclose any second job, and I doubt they would like it if I did. I know the advice is to just not tell them, but its a fairly hefty risk and if caught something lile this could be career ending?

I am caught in two minds whether to look into it more or not - are there any horror stories of anyone getting caught?

I'm an accidental american (born in US to British parents, moved back to UK when 4 years old, never returned).

In 2022 I realised I had tax obligations and decided to go through the SFOP by filing it myself (filing 2019-2022 and 6 years of FBARs). I have been filing every year since and up to date with FBARs etc.

However in 2021, 2022 and 2023 I sold some index funds in a UK S&S ISA (a total of 7 funds), and I stupidly considered them as capital gains and declared them on Form 8949. Over the 3 years I had around maybe $3k profit made.

I have been looking to renounce this year and have come across PFICs, which I can't believe I didn't know about sooner. It looks like I will owe tax on the profit made in those years + interest.

What is the best way to go about rectifying this and calculating tax owed so I can renounce safely this year?

Any help appreciated, thanks.