Another Newbie with some questions.... sorry

[Mervalous]

I'm gonna pee you off very quick now I can tell, OG also do LTD companies set up and manage as well not just umbrella

I have heard bad things about parasol and good things about OG, also someone at work uses 1st Option (also do LTD companies)

I promise I am listening, I didnt actually know PCG did do one so Ill go check that out....


dont leave me alone.... please... I promise to listen.....

Jeez... Let me try again...


DO NOT USE AN UMBRELLA.

IF YOU DO, USE A GOOD ONE (hint: not OG...)

Go to Parasol, or kill two birds with one stone and use the PCG QU one, which is set up and run specifically for people who don't know one end of a smoking gun from another.

First rule of contracting - LISTEN TO WHAT MORE EXPEREINCED PEOPLE ARE SAYING.

OK, you're on your own now. Have fun.

[Troll]

Surely he's had his quota...

[Mervalous]

You just didn't read item 10, did you?

10. Listen to Mal...

I used Nixon Williams.

They set up the company and got it a bank account with Flemings as it was then, now Cater Allen, with the added advantage of a waiver on the £5k min balance thingie.

There are other accountants who are respected on these pages & it ain't exactly difficult to find out who they are.

I did listen I promise, i was going to OG to use the LTD company thing, Ill have a search for accoutants as well though maybe if OG isnt rated here Its a hell of a lot of work starting out in contracting but I know it will be worth it, Im off for 2 weeks from today so Ill be doing a lot of reading over xmas

[Mervalous]

I even did my own searching and found this:

"SJD, 1st Accountancy and Nixon Williams" so Ill check those 3 out

[Troll]

Its a hell of a lot of work starting out in contracting

but I know it will be worth it

No
Perhaps
HTH

[Mervalous]

No
Perhaps
HTH

I think so
I hope so

[pisces]

I'm gonna pee you off very quick now I can tell, OG also do LTD companies set up and manage as well not just umbrella

I have heard bad things about parasol and good things about OG, also someone at work uses 1st Option (also do LTD companies)

I promise I am listening, I didnt actually know PCG did do one so Ill go check that out....


dont leave me alone.... please... I promise to listen.....

Yes if you have to brolley it then avoid Parasol. Fees are amongst the most expensive, customer service is poor and they deduct more NI and PAYE than they should.

[Cowboy Bob]

Yes if you have to brolley it then avoid Parasol. Fees are amongst the most expensive, customer service is poor and they deduct more NI and PAYE than they should.

Agree about the fees being rather high, don't know about customer service as I've never used them, but if they pay more NI and income tax than they should then you'll get it back at the end of the tax year anyway.

[Mervalous]

I will 100% be going Ltd now but might as well avoid parasol and use one of the recommendeds from here.

[dmini]

Agree about the fees being rather high, don't know about customer service as I've never used them, but if they pay more NI and income tax than they should then you'll get it back at the end of the tax year anyway.

Income tax - yes on the "easy claim route". NI is a pain - It used to take about 18 months after year end, for NI to tell you that you had overpaid, so you could claim back,
Parasol were playing that trick with NI on me 9 months ago when they did their system upgrade - clearly they haven't sorted their systems properly yet. I got back about 80%, but gave up on the rest - it wasn't a huge amount. I had to chase one of the directors to get the money back that I did - customer disservice ignored every email, after I replied to their "we are right and you are wrong" one.