Another umbrella query. KBaccountancy! Feedback please?

**antagoneyes** · 10 December 2003, 13:31

Overlord if you are giving up permament work to go contracting then I would suggest you use an accountant/limited company rather than the rather unsatisfactory umbrella route.
If you think your contracting career doesn't warrant this then may I respectfully suggest you stick to permanent work.
We get a lot of posts on this forum from newbies harping on about which umbrella to join and then complaining bitterly about the costs and effectiveness of these companies, once they have joined them.
The writing is on the wall boys - all you need to do is read it !!

**OVERLROD** · 10 December 2003, 14:33

feedback

After nearly 15 years @ previous job I didn't leave through choice I was redundant when company closed our section within UK operation. This is my 1st role since leaving. I haven't had much dealings with accountants and wouldn't like to get bogged down running a company from the outset. Who knows, Maybe later!

**antagoneyes** · 10 December 2003, 14:54

Re: feedback

Redundancy - bummer - nothing much to lose having a crack at contracting for a bit then?
Don't be afraid of the accountancy/ltd thing - it really is a doddle with the right accountant and there are a few around. I've never met my acountant and everything is dealt with through the post - I post off one letter a month, typically with a copy of my business bank statement, invoices and an expense sheet - that's it!
Umbrella companies are an expensive PAYE service and even if you are inside IR35 they cannot claim as many expenses as a limited company/accountant.

**www 1staccountancy biz** · 10 December 2003, 15:08

Re: feedback

Overlord, antag. is quite correct. Provided you get an accountant that will help you through the set up and provide you with assistance as & when required then it's not an issue.

There isn't much to running a limited company and most accountants will do much of the donkey work & include it in their monthly fee.....which tends to be cheaper than a brolly.

**OVERLROD** · 10 December 2003, 18:47

feedback

antag & 1st. Thanks for replies will investigate further once I settle in. Been out of work for 5 months acting as housekeeper & babysitter (Not so good @ family planning yet alone managing my own firm

)

Redundancy package helped pay off mortgage so not too bitter about leaving just wished it hadn't dragged on as long as it did.

Redundancy notice period added another year to my sentence!!!!!!!

Luckily wife has been back @ work after maternity leave to keep things ticking over.

**www 1staccountancy biz** · 10 December 2003, 21:09

Re: feedback

Overlrod....must be a tricky time of year for you, good luck with the contract & hope it all works out for you.

**OVERLROD** · 11 December 2003, 15:23

Re: feedback

Thanks.

Shift work was nothing compared to looking after 3 todlers below age of 5. Glad to be working after this experience! Wasn't easy arranging interviews around my tight schedule but got there in the end. Can't w8 to C back of 2003.

Another umbrella query. KBaccountancy! Feedback please?