New to contracting - how often do they get cancelled?

[FatLazyContractor]

To be fair, assuming I start my gig in two months time, all the accounting expenses (which I can claim back but I need to pay now) along with the IPSE registration etc is a bit of a stretch for me at the moment.

Was looking more specifically at QDOS since they offer all I will require in their Plus package (including formation, IR35 checks and insurance, plus business insurance). Only think I may need to add is the TLC35.

No, you must add !

[ChrisFromGreece]

No, you must add !

I will add then!!!

@kaiser78, yeah I get what you are saying.

However currently, I am still working as a permie, and will hand in my notice once I get the contract in my hands. Is the suggestion then that once I hand in my notice, I keep looking around in case the contract agreed falls off?

[CloudWalker]

I've never had it happen in 8 years. Someone on here had it happen twice in a year. It's part of the game and it's not really a big deal as you will still be looking right up to the day you start so had nothing in the end anyway.

.

"Tell me about it, Brother"

[FatLazyContractor]

However currently, I am still working as a permie, and will hand in my notice once I get the contract in my hands. Is the suggestion then that once I hand in my notice, I keep looking around in case the contract agreed falls off?

On that point, yes, you should keep looking until you enter the client site.

Some paranoid users here keep looking until they get their first invoice paid !!

BTW, have you got a warchest?

[VillageContractor]

I've never had a contract cancelled (but this is only my second).

Make sure you have enough of a war chest in case your contract is cancelled. If you don't have one it's a risk, so make sure you save as much as you can and don't go spending everything you earn

[kaiser78]

I will add then!!!

@kaiser78, yeah I get what you are saying.

However currently, I am still working as a permie, and will hand in my notice once I get the contract in my hands. Is the suggestion then that once I hand in my notice, I keep looking around in case the contract agreed falls off?

Yes, exactly this.

[ChrisFromGreece]

Warchest not massive, around £5K.

Will keep looking then just to be on the safe side.

On a another note, had a chat with Troy from QDOS earlier today... great experience, great advice, so am sold and will be joining them today. I know it's on the expensive side (£175+VAT/month) but it includes insurance plus the IR35 checks, so I think it's a good deal.

Will hurt while on my permie salary but it's a hit I need to take.

[FatLazyContractor]

Warchest not massive, around £5K.

Will keep looking then just to be on the safe side.

On a another note, had a chat with Troy from QDOS earlier today... great experience, great advice, so am sold and will be joining them today. I know it's on the expensive side (£175+VAT/month) but it includes insurance plus the IR35 checks, so I think it's a good deal.

Will hurt while on my permie salary but it's a hit I need to take.

Hang on there mate !! £175 + VAT per month ?!

What options have you gone for?

[ChrisFromGreece]

Hang on there mate !! £175 + VAT per month ?!

What options have you gone for?

No added options to that.

It's the QDOS ASSURED PLUS package

https://www.qdosaccounting.com/packages/

[northernladuk]

No added options to that.

It's the QDOS ASSURED PLUS package

https://www.qdosaccounting.com/packages/

It appears to have TLC35 and the PI/PL insurances included so not a bad deal. I hope this isn't a way around them paying my Amazon vouchers by saying it doesn't apply to accounting customers.