Anyone recommend an umbrella or other method of working on a contract until the end of March 2007, when then I'll use a ltd? I am currently paying 40% being a permie and dont mind going PAYE for a few months.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Umbrella
Collapse
X
-
-
One with a time machine, perhaps?Originally posted by weboo View PostAnyone recommend an umbrella or other method of working on a contract until the end of March 2007, when then I'll use a ltd? I am currently paying 40% being a permie and dont mind going PAYE for a few months.
Assuming you mean March 2008, most people that know seem to suggest Parasol for a short haul gig. Watch out for escape clauses and the like that some of the brollies try to use to retain your business.
But if you accept you're inside IR35 anyway, why not set the company up and use that immediately. It's still cheaper than any brolly's fees.Blog? What blog...?
-
That was quite a nice reply for you MalOriginally posted by malvolio View PostOne with a time machine, perhaps?
Assuming you mean March 2008, most people that know seem to suggest Parasol for a short haul gig. Watch out for escape clauses and the like that some of the brollies try to use to retain your business.
But if you accept you're inside IR35 anyway, why not set the company up and use that immediately. It's still cheaper than any brolly's fees.
Cenedl heb iaith, cenedl heb galon
Comment
-
Thanks, I had considered that approach - but I am still closing down my previous company I used this year due. It would have been done already, but I was made to wait 7 months for a Vat reg number - which added delays Thought I'd close that down before attempting to start another. Think I'll speak to my accountant and see what he thinks too. Thanks againComment
-
Any reason why? I can't see any reason not to start using a new Ltd straight away rather than go Brolly for a few months before starting the new Ltd.Originally posted by weboo View PostThanks, I had considered that approach - but I am still closing down my previous company I used this year due. It would have been done already, but I was made to wait 7 months for a Vat reg number - which added delays Thought I'd close that down before attempting to start another. Think I'll speak to my accountant and see what he thinks too. Thanks again
Unless there is more to this than meets the eye.Comment
-
Nothing like that, just did'nt want to have the hassle of starting up another company until the other one was dead and buried.Comment
-
Why are you closing one company, to pay more tax, then start another one up?
Confused.
Have a search if you really want umbrella companies - it's been asked goodness knows how many times before, including a couple of times this week.Last edited by TheFaQQer; 18 November 2007, 11:48.Comment
-
OMFGURN00BLOLOriginally posted by TheFaQQer View Post... to pay more text
Or did you mean
tax
perchance?Comment
-
I have no idea what you mean - read the post carefully and you'll see that it never mentions text, only taxOriginally posted by NickFitz View PostOMFGURN00BLOL
Or did you mean
tax
perchance?
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- IR35: IT contractors ‘most concerned about off-payroll working rules’ Today 07:11
- Labour’s near-silence on its employment status shakeup is telling, and disappointing Yesterday 07:47
- Business expenses: What IT contractors can and cannot claim from HMRC Jan 30 08:44
- April’s umbrella PAYE risk: how contractors’ end-clients are prepping Jan 29 05:45
- How EV tax changes of 2025-2028 add up for contractor limited company directors Jan 28 08:11
- Under the terms he was shackled by, Ray McCann’s Loan Charge Review probably is a fair resolution Jan 27 08:41
- Contractors, a £25million crackdown on rogue company directors is coming Jan 26 05:02
- How to run a contractor limited company — efficiently. Part one: software Jan 22 23:31
- Forget February as an MSC contractor seeking clarity, and maybe forget fairness altogether Jan 22 19:57
- What contractors should take from Honest Payroll Ltd’s failure Jan 21 07:05

Comment