Newbie

[joMartinez102]

WOW

I never realised there was so much complexity (it was hard enough getting a contract !). I do prefer to understand the risks, pro's and con's of the financial side of things but didn't realise how complex it was. Looks like i have my research cut out. I guess having a good accountant is key. I have heard of some horror stories as a result of bad advise thats why i prefer to check everything out for my self and try to understand whats involved. Ultimately its my neck on the line and not the accountant or any other advisor.

JM

[cojak]

I have heard of some horror stories as a result of bad advise thats why i prefer to check everything out for my self and try to understand whats involved. Ultimately its my neck on the line and not the accountant or any other advisor.

JM

Very good. Start off with that thought and you won't go too far wrong.

Good luck!

[malvolio]

I never realised there was so much complexity (it was hard enough getting a contract !). I do prefer to understand the risks, pro's and con's of the financial side of things but didn't realise how complex it was. Looks like i have my research cut out. I guess having a good accountant is key. I have heard of some horror stories as a result of bad advise thats why i prefer to check everything out for my self and try to understand whats involved. Ultimately its my neck on the line and not the accountant or any other advisor.

JM

As I often say to newbie contractors, you will appalled at how much you don't know. Read the First TImer guide on this site and the "Guide to Freelancing" one at www.pcg.org.uk and you will have a clearer idea. And then start asking questions!

[Contreras]

I never realised there was so much complexity (it was hard enough getting a contract !). I do prefer to understand the risks, pro's and con's of the financial side of things but didn't realise how complex it was. Looks like i have my research cut out. I guess having a good accountant is key. I have heard of some horror stories as a result of bad advise thats why i prefer to check everything out for my self and try to understand whats involved. Ultimately its my neck on the line and not the accountant or any other advisor.

Good for you JM.

Fwiw, it won't seem so "complex" once you get your head around it. You could read up on salary vs. dividends, and the VAT Flat Rate Scheme, that'll give you a head start on the basics before seeing the accountant. Also there was a similar thread here recently: http://forums.contractoruk.com/accou...ml#post1532593

[northernladuk]

Of course we can't review the spreadsheet if it is not sent in. However I tell my clients to send it to the accountants at any point they need it reviewed and they then provide a tax update.

Regarding the face to face, I meet about 7 of my clients a week so am shocked to read that most people don't need to see their accountant. For me it is the key tool to building a trustful relationship, even if it is just a quick 15min drop in on their lunch break.

You get a lunch break?? Slackers....

[Danielsjdaccountancy]

You get a lunch break?? Slackers....

I knew I'd leave myself open for that one, glad to see you didn't disappoint

I personally don't but some of my clients do!