I'm currently 'sub-contracted' by a consultancy agency to provide software support/development/helpline on an ad-hoc basis. No set hours, no formal contract,work from home etc. After a few months work I send an informal invoice and a cheque comes back. Annual income from this is - Mr Brown owes me at the moment so I'm guilt free.
I'm considering doing things the proper way. ie. form a Ltd, VAT register and get a contract written up.
Pro's
- I get a company name etc and can use it for VAT purposes for kitting myself out with new computer and stuff?
- If I want to expand and take on other work I'll look semi professional
Con's
- It costs money and the income from the work isn't huge - especially as I'd lose the cash-in hand element to the work
- More paperwork than actual work it seems.
Anyone else do contracting on a part-time basis - how do you go about things? Do you also keep your head down and just deposit cheques in the bank? Any suggestions?
I'm considering doing things the proper way. ie. form a Ltd, VAT register and get a contract written up.
Pro's
- I get a company name etc and can use it for VAT purposes for kitting myself out with new computer and stuff?
- If I want to expand and take on other work I'll look semi professional
Con's
- It costs money and the income from the work isn't huge - especially as I'd lose the cash-in hand element to the work
- More paperwork than actual work it seems.
Anyone else do contracting on a part-time basis - how do you go about things? Do you also keep your head down and just deposit cheques in the bank? Any suggestions?
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