Need to enter contracting world...

[fckvwls]

Does it really matter what this poster's first language is? Are we really that xenophobic here?

Whs. Your other post in this thread gave him what he needed and that should have been the end of it.

[northernladuk]

Does it really matter what this poster's first language is? Are we really that xenophobic here?

I don't see any one being xenophobic Mr Do-gooder. His writing style is a bit odd and people are discussing it which is at worst off topic.

[mudskipper]

Thinking of that what part of my quesiton convinced you that I am not british

Not being British is not a problem.
But as you asked, for me, the giveaway was sentence 2 - "My current permanent role I've been doing for 1. 3 years now" Aside from the sentence structure being a little odd, I've never heard a British person talk in terms of 1.3 years, but Indians commonly express time periods like that.

[MyUserName]

Cpplinuxdeveloper, I do not think that anyone actually minds that you are not British. They merely noticed (as did I) that English was unlikely to be your first language due to the way your formed your sentences so you were probably not British, threfore it was possible that you did not have some of the background cultural knowledge that we might assume from someone who had lived here their entire life.

Again, please note, no one minds this - it was merely obsevered.

However, you were talking about contracting as a way of simply increasing your person income. This is a classic mistake and you are unlikely to last long or actually enjoy contracting if this is your goal. You would be better off applying your energy to trying to find a higher paying permenant job.

It is certainly possible to earn more money than a perm employee as a contractor - it is also possible to end up earning the same, go bankrupt, spend so long on the bench that you cannot sleep worrying about how you will pay your bills, spend months being miserable in places you hate and never really feel relaxed or able to enjoy the money you have gained and at the end of it you will find no one will hire you as permenant staff as they think you will go back to contracting the moment you get the chance.

[psychocandy]

I can see the conversation with employer. OK I've decided I don't want to be an employee any more so please can I be a contractor starting monday? Not going to happen in a million years.

Of course, there are fri-mon contractors (and whats this MAY be caught by IR35 thing?) but its usually because the employer/client wants to do it this way not because the employee decides he want to do it.

Sounds like this fella is looking at the contractors and want a piece of the pie. Totally unrealistic idea of earning though by the sounds.

And this ltd company thing. Why set one up and not use? Surely you've still got to do annual returns if company is active even if its not being used? This will cost money surely?

[Cpplinuxdeveloper]

OISC registered?

Not really as the service was not paid, we did plan to get OISC regtd. when we started this back in 2008 but ended up with free consultation.

[Cpplinuxdeveloper]

I can see the conversation with employer. OK I've decided I don't want to be an employee any more so please can I be a contractor starting monday? Not going to happen in a million years.

Resigning and then coming back as a contractor in 6 months is what I was after... This idea is backed up by practice that people are already doing, but then again the return is never gauranteed...

Of course, there are fri-mon contractors (and whats this MAY be caught by IR35 thing?) but its usually because the employer/client wants to do it this way not because the employee decides he want to do it.
I have'nt decided rather I am asking/making a strategy , hence you find me here on this forum. If I had decided, I would'nt ask for your opinion

Sounds like this fella is looking at the contractors and want a piece of the pie. Totally unrealistic idea of earning though by the sounds.

Again wrong assumption... I am aware that contractor payments are made to their limited companies and not to them, however I do feel as a contractor your earnings can be more tax efficient. It depends how you device your contracts, hence I've seen people avoiding IR35 stilling working as a contractor...


And this ltd company thing. Why set one up and not use? Surely you've still got to do annual returns if company is active even if its not being used? This will cost money surely?

Company was inactive. Wrong speculation,

[captainham]

Company was inactive. Wrong speculation,

Well you didn't help yourself with this comment:

The fact that I already have a limited company running from 2008, should be good enough for me to know things about it.

There is a big difference between an active company and an inactive one, like filing accounts, paying VAT quarterly, running a PAYE scheme, etc etc.

That shows a lot of naivety which you'll need help with (e.g. decent accountant).

[Cpplinuxdeveloper]

Office of the Immigration Services Commissioner I would guess.

The thing is that companies will only pay what they have to to get the people they want. The first company you worked for brought you into this country because you were cheaper than a local person and that won't change.

Wrong assumption, I came here to do my Master's Degree. After my degree ukba offered 1 year work visa and things moved on from there....

[Cpplinuxdeveloper]

Well you didn't help yourself with this comment:



There is a big difference between an active company and an inactive one, like filing accounts, paying VAT quarterly, running a PAYE scheme, etc etc.

That is something I am aware of...