IMS "Income Made Simple"

[Aquarion]

Hi, while taking my first steps into the heady world of Contracting, I've had various bits of advice about umbrellas/llc etc.

However, the bit of advice I've got most about running a LLC, if I do, is to get an accountant, and this company hit my radar: imsinteractive.com

It seems like a fairly good option, but has anyone heard anything good or otherwise about them?

[RichardCranium]

Hi, while taking my first steps into the heady world of Contracting, I've had various bits of advice about umbrellas/llc etc.

Do you mean LLC? Isn't that a USA thing?

In the UK contractors use a limited company (Ltd). The UK equivalent of a USA LLC is a Limited Liability Partnership (LLP) which the likes of accountants and solicitors use.

Anyway, don't use an umbrella unless you only want to do one short contract. Go straight to using a Ltd company.

However, the bit of advice I've got most about running a LLC, if I do, is to get an accountant, and this company hit my radar: imsinteractive.com

It seems like a fairly good option, but has anyone heard anything good or otherwise about them?

The relevant bit on their web site is: http://www.imsinteractive.com/pages/step_2_company.asp specifically "Private limited companies"

What made you come across them? (Or are you merely raising the question as an advertisement for them?)

On the right ----> you will see lots of helpful links, by the way,.

[Waldorf]

Can't say I have ever heard of them.....

At £35+VAT per week this is quite an expensive service, over twice what I pay with Nixon Williams.

[cojak]

£35 per week is a very expensive service.

You can get good accountants for less than that.

[Aquarion]

Do you mean LLC? Isn't that a USA thing?

In the UK contractors use a limited company (Ltd). The UK equivalent of a USA LLC is a Limited Liability Partnership (LLP) which the likes of accountants and solicitors use.

I do mean LLP. For some reason I typed LLC.

Anyway, don't use an umbrella unless you only want to do one short contract. Go straight to using a Ltd company.

The relevant bit on their web site is: IMS - Limited Company - Sole Trader - Partnership - Limited Liability Partnership - Agency worker - Umbrella worker - Self employed contractor - Limited Company specifically "Private limited companies"

What made you come across them? (Or are you merely raising the question as an advertisement for them?)

One of the people at one of the companies I'm talking to about contracts is on a kickback if he recommends people to them. I'm not automatically opposed to other people making money like that, but I was just wondering if anyone else had tripped over them.

On the right ----> you will see lots of helpful links, by the way,.

Yup, thanks, I've been reading though them.