A few contractor newbie question re tax and IR35

[cojak]

I might update them one day if I can be arsed...

[northernladuk]

I might update them one day if I can be arsed...

That first one makes my ears bleed!!

[Guest22]

Thanks for all that info Scoobos, very helpful.

I see it's your opinion that it's not the right time to go contracting unless I save the money within my limited company till later. However, this may just be from a HMRC point of view - in my field and areas of expertise, contracting is a very buoyant market at the moment and is set to be for some time, so it's a matter of weighing things up I guess. And by going contracting, I can make double what I can make in a permanent role.

SueEllen - I'll keep this concise - your posts are unconstructive and appear to be aimed at belittling me while trying to make yourself appear authoritative on the board. I have used the search facility hence the references I have made to other posts which you have clearly missed and also the questions I have not asked which you have completely failed to telepathically read my mind regarding. If my searches missed things already discussed, then maybe as a newbie I was not aware of the search terms to use, hence this topic!!

Everyone else, thanks again for all your help so far, I have made great progress is setting up my contracting situation and now have PI insurance, PEI insurance (inc. full IR35 cover), and am in correspondence with an accountant. I am also clear on what to do regarding my mother as company secretary, VAT registration, and the concepts behind tax deductible expenses.

[northernladuk]

SueEllen - I'll keep this concise - your posts are unconstructive and appear to be aimed at belittling me while trying to make yourself appear authoritative on the board. I have used the search facility hence the references I have made to other posts which you have clearly missed and also the questions I have not asked which you have completely failed to telepathically read my mind regarding. If my searches missed things already discussed, then maybe as a newbie I was not aware of the search terms to use, hence this topic!!

Yeah SueEllen!! That is MY job... Rack off Sheila!!

[Scoobos]

Thanks Neo.

I'm pleased to hear the market is good for you too, I wrongly assumed we were all feeling the pinch - its been bleak for me, other than going offshore (AGAIN) to work

[stek]

in my field and areas of expertise, contracting is a very buoyant market at the moment and is set to be for some time, so it's a matter of weighing things up I guess. And by going contracting, I can make double what I can make in a permanent role.

How do you base this bouyancy? Agents flood the jobsites during lean periods to harvest CV's, lots of ads doesn't mean lots of jobs!

Also factor in a couple of months a year off, contract hunting, it happens to us all, I had a gap of 7 months with nothing.

[SueEllen]

Yeah SueEllen!! That is MY job... Rack off Sheila!!

Sorry Oh Great One

[Guest22]

How do you base this bouyancy? Agents flood the jobsites during lean periods to harvest CV's, lots of ads doesn't mean lots of jobs!

Also factor in a couple of months a year off, contract hunting, it happens to us all, I had a gap of 7 months with nothing.

Job sites? Ads? When did I mention those? Try 5 job offers.

Also, use the search facility:
http://forums.contractoruk.com/busin...ob-offers.html

I'm qualified and marketable - therefore, the market is buoyant for me. However, I appreciate software development is a broad area where some devs are finding it difficult due to having the wrong skills. If you're a front office dev in investment banking, feel free to e-mail me privately, and I will gladly help you out on which technological areas to focus on in order to increase your marketability. If you're not a dev, then unfortunately it is unlikely I'll be able to help.

[Scoobos]

Theres a fine line between confidence and arrogance.

IB is niche, I've worked in financials and know how hard to break into it was, and also how taking a non financial contract puts you back to "GO".

It's tough out there for a lot of people, more so after Lloyds this week.

[stek]

Job sites? Ads? When did I mention those? Try 5 job offers.

Also, use the search facility:
http://forums.contractoruk.com/busin...ob-offers.html

I'm qualified and marketable - therefore, the market is buoyant for me. However, I appreciate software development is a broad area where some devs are finding it difficult due to having the wrong skills. If you're a front office dev in investment banking, feel free to e-mail me privately, and I will gladly help you out on which technological areas to focus on in order to increase your marketability. If you're not a dev, then unfortunately it is unlikely I'll be able to help.

Hmmm. five job offers eh. Permie then, not the same as contracting.