Advice for a new starter to the Ltd world

**Ardesco** · 11 September 2006, 14:20

No (But i would reccomend it).
Pick a date that looks good to you.
No (But you can if you want to).

**malvolio** · 11 September 2006, 14:21

Originally posted by CIT

Hi All,
Nice board only found it today.

Can anyone give me some advice on starting up as Ltd.?

When do I need to see an Accountant?
How do you decide on a year end?
Do I need to set up a PAYE Scheme?

Any more advice will be much appreciated

Thanks

CIT

a) You're welcome
b) Yes
c) Right now
d) See (c)
e) See (d)

Advice is worth what you pay for it. Far better to do some digging around then ask specific questions. We ain't about to write a beginners guide for you so see if you can track down the two we normally reccommend...

**CIT** · 11 September 2006, 14:22

thanks for the quick responce

what is the alternative to PAYE and how easy is it?

CIT

**Pondlife** · 11 September 2006, 14:29

Originally posted by malvolio

We ain't about to write a beginners guide for you so see if you can track down the two we normally reccommend...

Sorry Mal, it's just less painful this way....

Read here

And look in the first timers bit on www.pcg.org.uk

HTH

**CIT** · 11 September 2006, 14:35

thanks for the links will have a look

**malvolio** · 11 September 2006, 15:07

Originally posted by CIT

thanks for the links will have a look

Have a look, read them, understand them, ask questions on the bits you don't understand. This is not a game, you're on your own (mostly!) and you can get burned very easily.

**CIT** · 11 September 2006, 19:59

I have taken your advise and i am booked in to see the accountant on Thursday

**malvolio** · 11 September 2006, 22:53

Good move - welcome to the madhouse, by the way!

**kieron.quin** · 12 September 2006, 08:24

Hi All,

I too have the same questions as I am looking to start out in the world of the contractor; to take some control back of my life!
I have been looking at this and the PCG website too. There are some invaluable resources on both. I have also been speaking with contractors where I work too. They are usually very happy to give advise.

My research continues with accountant and tax consultant too as I try to understand the tax liabilities and salary models a contractor can adopt.

I must say it is rather enjoying and exciting!

Cheers guys and hopefully speak soon!

KPQ

Advice for a new starter to the Ltd world