Sounds to me like you're being overpaid as a permie if you're on 30K, yet your market rate as a contractor would only be 15/hr. My advice would be to stay put.
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Can someone explain as new to all this.....
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Originally posted by XperTestSounds to me like you're being overpaid as a permie if you're on 30K, yet your market rate as a contractor would only be 15/hr. My advice would be to stay put.
Yeah go contracting for the life style of breaks between contractos the freedom to choice where you work but you have to take into account inorder to get that life style you have to charge top dollar so that when your on your break or even on the bench for 2 months you can still survive to a reasonable standard as when your rolling in it. That's why i do any contract for less than 4 times your rate.Thats the way the cookie crumblesComment
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Its getting quite annoying when I keep seeing people say how 99.9% of contractors are outside IR35, I think that's a little inaccurate.
Despite my contract seemingly outside IR35 I have done many working practices tests and can confirm that many people have advised me I am inside IR35, that my end client has too much control over what I do, where I do it and how I do it (and believe me not much option as things stand). This would be the case for a lot of people in the IT world I'm sure. So people that go through umbrellas are not necessarily badly advised or scared of a little paperwork, they are often people who have been advised by more than one person they are at serious risk of being inside IR35, are not in contracting for the long term but using it as a stop gap or on a short term contract. Or like myself all three!
I'd love to have my own company and have the responsibility of my own company but considering my expected IR35 status and the fact that I hope to go permie within the year I think umbrellas are the only option. Rather that than have a company setup for 6-9 months and then bin it when you go permie and have little rewards as you are still going PAYE.
If someone can tell me who i can speak to that is creditable that will advise me exaclty under my current working practices how I can avoid IR35 without completely changing the way I work and risking losing my position then I am all EARS!!!Comment
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Ask QDOS if they will insure you and pay out any fees/penalties if you are found to be inside IR35. Will cost more than you need to pay but will give complete peace of mind.Comment
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Originally posted by ArdescoAsk QDOS if they will insure you and pay out any fees/penalties if you are found to be inside IR35. Will cost more than you need to pay but will give complete peace of mind.Comment
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Originally posted by Old GregAnd I assume the reason they are prepared to ensure the penalties/fees is because almost no-one is ever caught...
DING!!!Comment
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Originally posted by ArdescoAnd our survey says.....
DING!!!Comment
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Are you getting the message yet, Spiderman??
Even shift-working tape-changers have been found to be outside IR35. As long as you have one of no MOO, a reasonable RoS or (not AND, OR) a minimum of D&C, your IR35 status is defensible. So yes, there is no reason for a thinking contractor to be inside without very good reason.
However if you are using an umbrella, IR35 doesn't matter since you are taxed as an employee anyway, which is as it should be - you want out of FTE taxation, you need to have your own company. Simple, really.Blog? What blog...?Comment
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Originally posted by SpidermanI'd love to have my own company and have the responsibility of my own company but considering my expected IR35 status and the fact that I hope to go permie within the year I think umbrellas are the only option. Rather that than have a company setup for 6-9 months and then bin it when you go permie and have little rewards as you are still going PAYE.
If someone can tell me who i can speak to that is creditable that will advise me exaclty under my current working practices how I can avoid IR35 without completely changing the way I work and risking losing my position then I am all EARS!!!
Don't bother , if you are going to go back to being a permanent employee within the year, the amount of work involved..bank accounts, vat etc etc, then closing it all down..Comment
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