New Starter

[sq1]

Hi

I am new to contracting and would like to get some advise.

Do I need to start/open a limited company?
How would I minimise my NI payments?
Should I belong to an umbrella company?

What other questions should I be asking?

[XperTest]

Search and you will find.

[jmo21]

What other questions should I be asking?

[NotAllThere]

..

What other questions should I be asking?

How do I navigate this site in order to find out the answer to these questions which have been asked every now and then already...

[dave20]

if your using agencies, use an invoicing service and be self employed.

It's much better than umbrella as there is no employers NI. Self employed people have a much wider range of expenses compared to umbrellas.

Your own company can be better still, but this carries loads of admin and you'll be stuck to this site all day.

[pmeswani]

Hi

I am new to contracting and would like to get some advise.

Do I need to start/open a limited company?
How would I minimise my NI payments?
Should I belong to an umbrella company?

What other questions should I be asking?

Other questions you could ask are:

Do I really need an Accountant?
Can I really squander all the money from my business?
Do I really need a business bank account?
Should I really register for VAT to charge the clients VAT?
Is my contract, without going into detail, IR35 complaint?

Dunno... endless possibilities.

[Gonzo]

Hi

I am new to contracting and would like to get some advise.

Do I need to start/open a limited company?
How would I minimise my NI payments?
Should I belong to an umbrella company?

What other questions should I be asking?

1. Do I need to start/open a limited company? No. You could use an umbrella company.

2. How would I minimise my NI payments? By using a limited company not an umbrella company.

3. Should I belong to an umbrella company? Yes, if you want to maximise the NI payments.

hth

[BrilloPad]

What other questions should I be asking?

Can I buy you all a drink at the next cuk meet?

HTH

[Archangel]

Hi

I am new to contracting and would like to get some advise.

Do I need to start/open a limited company?
How would I minimise my NI payments?
Should I belong to an umbrella company?

What other questions should I be asking?

How do I join the PCG?

Answer www.pcg.org.uk

[pmeswani]

Other questions you could ask are:

Do I really need an Accountant?
Can I really squander all the money from my business?
Do I really need a business bank account?
Should I really register for VAT to charge the clients VAT?
Is my contract, without going into detail, IR35 complaint?

Dunno... endless possibilities.

Forgot to add...

How do I raise invoices?
Does it matter if I raise all the invoices at the end of each year, or do I have to raise it weekly, bi-weekly, monthly or bi-monthly?