Hi,
I've made the plunge to move over to contracting. I've managed to secure my first contract, with a public sector client.
Everything is on course, except for this Business Entity Test I've been asked to complete.
From what I can figure out, given that I've just started and my new company has only been trading for 2 days, I couldn't pass this test?
Am quite anxious as I cannot start contract without this being in place.
So for questions such as:
- Business premises (no, don't have premises, am a home office setup)
- Efficiency Test (no history beyond last week)
- Assistance test - not applicable yet
- Advertising: ditto, nothing spent
- Business plan test: only half true: have applied to setup new business bank account, don't really have a formal business plan doc currently.
- Previous PAYE: no, never worked with or for my client before
- Right of substitution: I guess I have the right, but not equipped to do so?
- Actual substitution: N/A - previous 2 year period.
Am I missing something really obvious here, am I just worrying about something that I shouldn't, or is this just a nonsensical test (I see they are going to be scrapped next year)?
As it stands now, I cannot see myself getting beyond a single digit score, and thus being classed 'high risk'.
Experiences and advice on this appreciated.
TIA
I've made the plunge to move over to contracting. I've managed to secure my first contract, with a public sector client.
Everything is on course, except for this Business Entity Test I've been asked to complete.
From what I can figure out, given that I've just started and my new company has only been trading for 2 days, I couldn't pass this test?
Am quite anxious as I cannot start contract without this being in place.
So for questions such as:
- Business premises (no, don't have premises, am a home office setup)
- Efficiency Test (no history beyond last week)
- Assistance test - not applicable yet
- Advertising: ditto, nothing spent
- Business plan test: only half true: have applied to setup new business bank account, don't really have a formal business plan doc currently.
- Previous PAYE: no, never worked with or for my client before
- Right of substitution: I guess I have the right, but not equipped to do so?
- Actual substitution: N/A - previous 2 year period.
Am I missing something really obvious here, am I just worrying about something that I shouldn't, or is this just a nonsensical test (I see they are going to be scrapped next year)?
As it stands now, I cannot see myself getting beyond a single digit score, and thus being classed 'high risk'.
Experiences and advice on this appreciated.
TIA
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