Bye Bye to Brolly??

[malvolio]

Type in all the rude words you know and you'll find out.

All the rude words you know

Nope, still can't see it... tulip!

[original PM]

Having worked for a brolly for 5 years (actually for the brolly not through it) and then ran my own ltd for a year (so far) I have to say that running via brolly is so much easier and hassle free.

But yes you can get more from running your own ltd company - and this is the way to go if you are in contracting for the long term (and you also wish to actually run a business correctly rather than just sitting around moaning about agencies not getting you jobs)

The few local accountants I spoke to did not seem to have a clue about running a small business and the rules around being inside and outside of IR35 - as such they could not really offer an accounting model I was comfortable with - so I contacted HMRC went through what i was doing and I now do my accounts myself (saving lots of money - however I do not bother with flat rate vat as the company itself is only a sideline and does not earn that much)

With regards to IR35 it is still a grey area and if investigated you will often find it is actual working practices that are reviewed - standard contracts generally get thrown out of the window.

anyway my two pence worth.

[Shimano105]

I agree PM, much less hassle which was my original point that got shot down in flames.

Anyhow I'll have to confess that I am considering going back to a Ltd co. simply because I am looking at doing some non-agency type stuff (which may or may not be profitable, we'll have to see) for local businesses etc..

Obviously a brolly would be no good whatsoever for this type of work so I will probably have to get back into all this Ltd co. malarky again.