Hi Harvey,
Pay is one of the most basic things and if you can spend twenty minutes working through the first timers guide then check item 13 - it states about pay.
First Timers Guide - for IT Contractors :: Contractor UK
If you work Ltd then yes you will need a business bank account and you will then take PAYE and dividends according to what your accountant tells you or what you feel like doing in regards to PAYE and NIC. We try to keep PAYE low to minimise NIC and then take the rest as dividends.
sal - if you feel a question is daft then don't reply. One NorthernLad is enough, it is a dark path - do not follow it. Turn back towards the light, sal. The light!
Pay is one of the most basic things and if you can spend twenty minutes working through the first timers guide then check item 13 - it states about pay.
First Timers Guide - for IT Contractors :: Contractor UK
If you work Ltd then yes you will need a business bank account and you will then take PAYE and dividends according to what your accountant tells you or what you feel like doing in regards to PAYE and NIC. We try to keep PAYE low to minimise NIC and then take the rest as dividends.
sal - if you feel a question is daft then don't reply. One NorthernLad is enough, it is a dark path - do not follow it. Turn back towards the light, sal. The light!
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