Hi
i have started browsing and in search of first contract,in the meanwhile I don't have my own ltd registered with companieshouse yet,
would it be possible join an umbrella company for start and then maybe 1 or 2 month down the line
switch to my own ltd once all setup ?
can anyone recommend a good umbrella company that doesn't charge penalty for switching at later stage?
also what are check list for before signing a contract and first week of the contract ?
this is going to be my first contract and I am nervous due to lack of understanding full process which i be going thru
,my understanding is that if I go via umbrella company all i be required too is fill in a time sheet once a week and send/fax to them.
where as if i go via my own ltd I be required to
1. take out insurance to cover myself on clients site
2. sign up with an accountant
3. fill in time sheet and sent to the accountant on weekly basis?
is that all about it ? is it accountant that provides me with copy of blank timesheet to fill in ?
anything else i need to know and mention while at interview or signing the contract ?
I also understand the cost saving benefits of having my own ltd, but confused about IR35 I suppose my accountant will take care of that for me ?
if someone can share full list of events and steps I should go thru from the moment i have been offered a contract and end of first week that be usefull.
thanks
i have started browsing and in search of first contract,in the meanwhile I don't have my own ltd registered with companieshouse yet,
would it be possible join an umbrella company for start and then maybe 1 or 2 month down the line
switch to my own ltd once all setup ?
can anyone recommend a good umbrella company that doesn't charge penalty for switching at later stage?
also what are check list for before signing a contract and first week of the contract ?
this is going to be my first contract and I am nervous due to lack of understanding full process which i be going thru
,my understanding is that if I go via umbrella company all i be required too is fill in a time sheet once a week and send/fax to them.
where as if i go via my own ltd I be required to
1. take out insurance to cover myself on clients site
2. sign up with an accountant
3. fill in time sheet and sent to the accountant on weekly basis?
is that all about it ? is it accountant that provides me with copy of blank timesheet to fill in ?
anything else i need to know and mention while at interview or signing the contract ?
I also understand the cost saving benefits of having my own ltd, but confused about IR35 I suppose my accountant will take care of that for me ?
if someone can share full list of events and steps I should go thru from the moment i have been offered a contract and end of first week that be usefull.
thanks
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