Originally posted by northernladuk
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First contract, direct with client
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Originally posted by Talisman View PostFirstly, thank you all for the replies!!! Very helpful. Seems like IPSE and QDOS are very much what I want.
Ahh that's exactly what I was looking for. I'll check them out thank you. Yeah I've been reading a lot around IR35, I'm going to double check everything with my accountant (when I get one) but I think* I'm mostly ok.
Thanks for that. Yeah I know I get to dictate the terms but I was wondering what was generally 'standard' as it were or for some examples.
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Spoon-feeding would be nice But more specifically I was referring to the direct contract guide on the site which suggest the PCGroup but their contracts page just 404s.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by pr1 View Postmaybe to you it isComment
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Originally posted by Talisman View PostYep, been reading loads about it, definitely outside. To summarise (I haven't had this confirmed with an accountant yet so please go easy!):
Good luck.Comment
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Originally posted by northernladyuk View PostHe introduced PC, and they adjusted their rate accordingly.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Talisman View Post
This is exactly what I was looking for. So, say invoices are submitted on the 1st for the previous calendar month. Perfect. Thanks!
Yep, sticking to 30 days. That's reasonable, any more and they can shove it.
You will be invoicing on the first day of the month for the previous month and then being paid (hopefully) at the end of that month. So you'll need to go around 60 days without receiving payment.
I.e. You bill for May in June and receive it 1st July ( or potentially end of June ). Bill June in July and get paid September.
Also, when you do submit an invoice, double-check that they actually get it and ask them directly if there is anything wrong with it that will prevent payment ( plenty of companies just won't tell you that there is something "wrong" with it until you've missed the payment run ( for example, missing a PO reference off it or having the wrong legal entity on the invoice ).
Once you get the first one through the rest should be plain sailing.Comment
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Originally posted by Talisman View PostHey all
Ok so I've taken the plunge and started contracting, yay! Got my first contract, but it's direct with the client which is making it extra complicated. I've had a look around but still a little confused and I'm hoping for some advise.
1. Contract. I have to supply it. I've read a few posts about it but for the templates they suggest the pages don't exist any more. Can anyone recommend one?
- A few posts suggest getting it checked for IR35 compliance, can anyone recommend someone to do the checking (is this defo required)?
2. Invoicing. Do I invoice weekly? Monthly from when I started? Calendar month? I'm assuming I don't need to get a timesheet signed off or anything, isn't that just for the agency?
3. Payment terms. I'm going to stick 30 (15?) days in and see what they say, is this the right approach?
4. From what I can gather Nixon Williams are crap now, can anyone recommend an accountant with contractor experience? I read through the second half of the sticky but it's mostly complaining.
Sorry for the simple questions, I've read a lot but most of the guides cover this in broad strokes and don't give any examples or recommendations!
Thanks
Here is the link to the contract templates everyone has been mentioning: https://www.qdoscontractor.com/ir35/...ract-templates We updated them just last week to reflect GDPR as well
Do make sure you read through the terms though and check that they will accurately reflect how you will be working with your client.
Happy contracting
- GemmaQdos Contractor - IR35 expertsComment
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