Originally posted by Braba
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Take home pay from £300/day?
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Take home pay from £300/day?
Originally posted by Braba View PostThe company has finally approved my contract, after re-evaluating the cost, because they had underestimated the cost of a contractor. So they are happy with £300/day.
My accountant suggested to register for VAT as well, but that would mean I would have to charge them £300 + VAT. They had trouble getting the budget approved for the daily rate only. I am thinking it could get them to back down if I ask them to pay VAT on top of the normal daily rate.
What do you guys think?
What you mustn't forget is that contracting is a 2-way thing. The client gets a load of bonus as well as they don't need to insure you, pay your pension, pay for for sick or holidays.
Sounds like they just cannot afford someone but you are just about affordable as you're cheap and easy to bin.
BEWARE.See You Next TuesdayComment
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Or you could save all the confusion as it is your first time and go brolly until you settle into the contracting world properly, especially as it is only 4-6 months.
And yes before you all jump on me, I know it isn't going to do the rate any good but at least it will give some time to do some proper research on the LTD side of things. Just a thoughtComment
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