Hi all,
Recently found myself a contracting position and I have signed up under an umbrella company as the position came about suddenly.
Anyhow I was reading some information on some website saying it is best to set up your own limited company if you earn more than £25.000pa. Currently I am earning £27.00 per hour and the contract is for 7 months.
After this date I would like to continue in the conrracting world but wanted to get some advise as to whether or not I should stick with the umbrella for the duration of the contract or look to set up my own limited company asap.
Many thanks.
djj
Recently found myself a contracting position and I have signed up under an umbrella company as the position came about suddenly.
Anyhow I was reading some information on some website saying it is best to set up your own limited company if you earn more than £25.000pa. Currently I am earning £27.00 per hour and the contract is for 7 months.
After this date I would like to continue in the conrracting world but wanted to get some advise as to whether or not I should stick with the umbrella for the duration of the contract or look to set up my own limited company asap.
Many thanks.
djj
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