Good morning
How should someone set themselves up for a short 2 week IT contract?
Background - permenantly employed till resignation a few months ago. Now looking for new work, either contract or permenant. Old compay have offered a 2 week contract related to an ongoing project.
Would it be most efficient to do this as a sole trader or through an umbrella company? From what I can see, umbrella companies may prove more costly (weekly fees etc) but a sole trader leaves you open to liability/professional indemnity issues. If a sole trader, i.e. self employed, does that also preclude any future Contract jobs sourced through an agency? Having to do a self assessment form is not an issue, that will be done anyway this year as salary will probably fall within the 50-60k for the child benefit reclaiming hassle.
I'm struggling to work out the best route, any advice is most welcome. Thank you!
How should someone set themselves up for a short 2 week IT contract?
Background - permenantly employed till resignation a few months ago. Now looking for new work, either contract or permenant. Old compay have offered a 2 week contract related to an ongoing project.
Would it be most efficient to do this as a sole trader or through an umbrella company? From what I can see, umbrella companies may prove more costly (weekly fees etc) but a sole trader leaves you open to liability/professional indemnity issues. If a sole trader, i.e. self employed, does that also preclude any future Contract jobs sourced through an agency? Having to do a self assessment form is not an issue, that will be done anyway this year as salary will probably fall within the 50-60k for the child benefit reclaiming hassle.
I'm struggling to work out the best route, any advice is most welcome. Thank you!
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