Hi all
Just wanted to know what other peoples thoughts was on this...
My friend is going to be doing a one off spell of consultancy for his friends firm. He will be giving some advice and ideas on how to improve his website and how to make the site more search engine friendly etc.
He has agreed a charge of £50 p/h and will be doing about 10-15 hours a month over about 6 months. So by my numbers that's only about £4500 income. He has a current job paying over £40k a year. So he will be in the 40% tax bracket etc. He is also working on the basis of not being IR35 caught. His mate isnt arsed which route he goes down as long as he invoices him properly. He also is not arsed if his invoice includes VAT or not which also opens the flat rate question.
So the question which structure would be best for him. There is a slight chance that he may continue contracting in the future but now he is aiming at just six months.
In my head the best and only realistic route would be sole trader but I wanted to check with you guys on your thoughts.
Just wanted to know what other peoples thoughts was on this...
My friend is going to be doing a one off spell of consultancy for his friends firm. He will be giving some advice and ideas on how to improve his website and how to make the site more search engine friendly etc.
He has agreed a charge of £50 p/h and will be doing about 10-15 hours a month over about 6 months. So by my numbers that's only about £4500 income. He has a current job paying over £40k a year. So he will be in the 40% tax bracket etc. He is also working on the basis of not being IR35 caught. His mate isnt arsed which route he goes down as long as he invoices him properly. He also is not arsed if his invoice includes VAT or not which also opens the flat rate question.
So the question which structure would be best for him. There is a slight chance that he may continue contracting in the future but now he is aiming at just six months.
In my head the best and only realistic route would be sole trader but I wanted to check with you guys on your thoughts.
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