Newbie Here,

[billybob]

Hi everyone

Ive joined this forum seeking some advice. I Have recently been working on a perminant basis but before that i was a contract designer. I was a contractor with the same company for 2 years. I used Brookson services as i was adviced they were pretty good. Will i was with them i had to set up a buisness account "Brookson 12345" is the account name. This next week i have a interview for another contract. My first question is

1. With Brookson was i in a ubrella of brookson or as a limited company

2. Will I have to use Brookson for my new contract (if i get the contract)

regards

Billybob

[SueEllen]

Answers:
1. Your question makes no sense. Read the sticky at the top of the forum and you may get an idea what your set up was with Brooksons.

2. No you have a choice of using a different Umbrella company or setting up your own limited. Read the sticky at the top of the forum to make a decision. If you wish to set up your own limited then do a search for accountants on this board, make a short list of the ones you like the sound off, read their website and contact them to ask them questions that you can't find information for.

[billybob]

Answers:
1. Your question makes no sense. Read the sticky at the top of the forum and you may get an idea what your set up was with Brooksons.

2. No you have a choice of using a different Umbrella company or setting up your own limited. Read the sticky at the top of the forum to make a decision. If you wish to set up your own limited then do a search for accountants on this board, make a short list of the ones you like the sound off, read their website and contact them to ask them questions that you can't find information for.

Thanks for the reply SueEllen

Ive come to the conclusion i was a director of a limited company as Brookson told me how much tax i was to pay back in April.

So now i have to decide which accounts to use.

Does anyone have any recomendations?

[BrilloPad]

Hi everyone

Ive joined this forum seeking some advice. I Have recently been working on a perminant basis but before that i was a contract designer. I was a contractor with the same company for 2 years. I used Brookson services as i was adviced they were pretty good. Will i was with them i had to set up a buisness account "Brookson 12345" is the account name. This next week i have a interview for another contract. My first question is

1. With Brookson was i in a ubrella of brookson or as a limited company

2. Will I have to use Brookson for my new contract (if i get the contract)

regards

Billybob

Are you rying to promote brooksons?

[billybob]

Are you rying to promote brooksons?

No, not at all.

Im just trying to get as much info to prep myself for my next contract after a perm position.

[LisaContractorUmbrella]

If you were contracting before April 2007 you were probably using a managed service company; this is no longer an option for you as they have been outlawed. You can either use an umbrella company who will pay you via PAYE or you can set up your own limited company which you will have to administer and for which you will need a company bank account. If your contract is inside IR35 you will still be taxed via PAYE, if your contract is outside IR35 you will be able to draw dividends from your company.

[billybob]

If you were contracting before April 2007 you were probably using a managed service company; this is no longer an option for you as they have been outlawed. You can either use an umbrella company who will pay you via PAYE or you can set up your own limited company which you will have to administer and for which you will need a company bank account. If your contract is inside IR35 you will still be taxed via PAYE, if your contract is outside IR35 you will be able to draw dividends from your company.

Thanks Lisa

Can someone point me in the right direction to find out if i wall be in or out of IR35?

[Alan @ BroomeAffinity]

To find out if you are inside or outside IR35 you need to review your working practices. By the sound of things you do not have enought knowledge to establish this for yourself so I'd recommend you get it independently reviewed. We are an accounting firm and have teamed up with an independent specialist and all new clients are getting a free review at the moment.

[billybob]

To find out if you are inside or outside IR35 you need to review your working practices. By the sound of things you do not have enought knowledge to establish this for yourself so I'd recommend you get it independently reviewed. We are an accounting firm and have teamed up with an independent specialist and all new clients are getting a free review at the moment.

You're right there, I'm not an accountant.

Do you have a link ?

[Alan @ BroomeAffinity]

You're right there, I'm not an accountant.

Do you have a link ?

To what? If its our website etc, PM me and I'll send it and some information on to you.