Accountant needed with no minimum term

[Budokan]

Hello all,

Sorry if my first question was unclear, I hope this simplifies things:

There is a clear bottom line here , and by selecting well, I can save lots of money. Here's an example:

SJD: 110x12 running costs +125 to close down = 1445 + VAT

Clear Sky: 95x6 running costs + 400 to close down = 970 + VAT

The only piece of information I'm hoping for is
- Does anyone know of a good accountant that would do this for less?

And (I know this is a bigger question so I'm only hoping for rough guesses)
- Am I likely to be be better off using an umbrella?

Is this really such a daft question?

[Jeremiah@RHJAccountants]

Hello all,

Sorry if my first question was unclear, I hope this simplifies things:

There is a clear bottom line here , and by selecting well, I can save lots of money. Here's an example:

SJD: 110x12 running costs +125 to close down = 1445 + VAT

Clear Sky: 95x6 running costs + 400 to close down = 970 + VAT

The only piece of information I'm hoping for is
- Does anyone know of a good accountant that would do this for less?

And (I know this is a bigger question so I'm only hoping for rough guesses)
- Am I likely to be be better off using an umbrella?

Is this really such a daft question?

I would give a few accountants a call and see if they can give you any advice on what is best Ltd or brolly and what will maximise you net income in a legal and tax efficent manner.

With regards to fees as you only have a six month contract and then you out of the country a one off fee seems the best idea for you so this is what i would ask for when speaking to an accountant.

If you do your own bookkeeping, VAT, PAYE etc then i am sure a one off fee charge can be agreed by a firm.

IR35 may also be an issue for you.

But first things find out whichis better for you Brolly or LTD

[LisaContractorUmbrella]

Hello all,

Sorry if my first question was unclear, I hope this simplifies things:

There is a clear bottom line here , and by selecting well, I can save lots of money. Here's an example:

SJD: 110x12 running costs +125 to close down = 1445 + VAT

Clear Sky: 95x6 running costs + 400 to close down = 970 + VAT

The only piece of information I'm hoping for is
- Does anyone know of a good accountant that would do this for less?

And (I know this is a bigger question so I'm only hoping for rough guesses)
- Am I likely to be be better off using an umbrella?

Is this really such a daft question?

Firstly, cost is no indication of service. SEcondly - are you inside IR35

[Nixon Williams]

The only piece of information I'm hoping for is
- Does anyone know of a good accountant that would do this for less?

And (I know this is a bigger question so I'm only hoping for rough guesses)
- Am I likely to be be better off using an umbrella?

Is this really such a daft question?

I am sure that you could find an accountant who would be prepared to do it for less, but speaking for Nixon Williams, we would probably not want to do this. I agree with Just1Morethen, we too like to develop long term relationships with our clients and the work involved with starting you up and then closing you down is not worth it.

From a tax point of view you would still be better off with your own company, even if you are caught by IR35*. However for ease and simplicity, an umbrella might be an easier option.

* Even if caught by IR35 advantages of a limited company over an umbrella include:

• Claim the same (&more) expenses than you can with an umbrella
• Take advantage of the Flat Rate VAT scheme for 'free' money
• 5% allowance on the income not subject to PAYE & NIC

Typically these would save £4000 a year.

Alan

[Budokan]

In case anyone's interested -

I did some research and a few sums and it looks like going the Ltd route is still cheaper, even taking into account opening and closing the company.

I've ended up going with InTouch who seem to have a good rep here, and seemed very helpful on the phone.

Anticipated costs are:
£85 a month
£280 to close the company
IR35 review included

Will update on how it goes.

Thanks all,

Sam