Contractor UK Bulletin Board - View Single Post - Should I trade as a Limited Company, umbrella or composite

simonsjdaccountancy · 10th May 2006, 15:55

Sure - we've found out from experience that the average time for contracting is between 2 and 4 years, so 3 years was a nice middle ground. Also, the taper relief which can form an important part of the tax planning process doesn't kick in until after 2 years.

10th May 2006, 15:55	#7
simonsjdaccountancy More time posting than coding Join Date: Sep 2005 Posts: 276	3 years Sure - we've found out from experience that the average time for contracting is between 2 and 4 years, so 3 years was a nice middle ground. Also, the taper relief which can form an important part of the tax planning process doesn't kick in until after 2 years.