At what point does a Ltd become unviable?

[gingerjedi]

I used to reap the reward of a Ltd when my day rates were £200+ but I've been reduced to taking contracts that typically pay £100-£130 over the past year.

With little sign of improvement it just doesn't seem worth the bother any more as with most contracts you can negate almost all the tax on salary with expenses.

At what point would would people quit the Ltd? I reckon below £20 per hour makes it more hassle than its worth.

[northernladuk]

Erm, this might be a bit of a technicality but I don't think stormtroopers actually did the building work of the battle stations did they? Wouldn't they have like builders n stuff to do that?

[jmo21]

Erm, this might be a bit of a technicality but I don't think stormtroopers actually did the building work of the battle stations did they? Wouldn't they have like builders n stuff to do that?

did you meant to post that wonderful analogy in the "do you do your own accounts" thread?

[northernladuk]

did you meant to post that wonderful analogy in the "do you do your own accounts" thread?

Yes very clever! Had to think about that one but it would have been very apt wouldn't it

[gingerjedi]

Erm, this might be a bit of a technicality but I don't think stormtroopers actually did the building work of the battle stations did they? Wouldn't they have like builders n stuff to do that?

Even stormtroopers have families to feed in these dark times, you do know that Brown ...sorry Vader will have to slash the public sector ...I mean empire dont you?

[jmo21]

I still don't get it in terms of this thread


too close to Xmas....brain shutting down...!

[Platypus]

I used to reap the reward of a Ltd when my day rates were £200+ but I've been reduced to taking contracts that typically pay £100-£130 over the past year.

With little sign of improvement it just doesn't seem worth the bother any more as with most contracts you can negate almost all the tax on salary with expenses.

At what point would would people quit the Ltd? I reckon below £20 per hour makes it more hassle than its worth.

I'm no expert, but what alternatives would you consider? Brolly or agency payroll I guess. I expect the latter is more cost effective. I'm not sure what brolly fees are though.

[gingerjedi]

I still don't get it in terms of this thread


too close to Xmas....brain shutting down...!

He's referring to my avatar.

[joey122]

I used to reap the reward of a Ltd when my day rates were £200+ but I've been reduced to taking contracts that typically pay £100-£130 over the past year.

With little sign of improvement it just doesn't seem worth the bother any more as with most contracts you can negate almost all the tax on salary with expenses.

At what point would would people quit the Ltd? I reckon below £20 per hour makes it more hassle than its worth.

£100 quid a day?? Or an hour??

Seriously is it worth working for that rate?

[jmo21]

He's referring to my avatar.

- switches avatars on....

I see now!

- switches avatars off...