Sorry if this is has already been raised, pls direct me to appropriate post.
I am just starting a new contract my new employer has given the option to choose between PAYE or Contracting. I prefered Contracting for the reason being i can pay less tax and claim more from expenses. Hope i am right.
What i am not sure where to go down the route of Self employment or using a Limited company (i have registered one some time ago but have not used it).
Could you advice on what is the best way forward.
I am not sure of tax and NI stuff for a limited company with director, secretary and how can i get more benefits without getting into IR35 complication.
Going down the self employment route also require setting up a limited company (i guess), in self employment would it suffice if i approach a good accountant to solve all my tax issues.
Is it true that agents would not be interested with self-employed candidates. If so then i like to know to think about it would affect my future contracts/jobs.
I am confused.
Thanks
I am just starting a new contract my new employer has given the option to choose between PAYE or Contracting. I prefered Contracting for the reason being i can pay less tax and claim more from expenses. Hope i am right.
What i am not sure where to go down the route of Self employment or using a Limited company (i have registered one some time ago but have not used it).
Could you advice on what is the best way forward.
I am not sure of tax and NI stuff for a limited company with director, secretary and how can i get more benefits without getting into IR35 complication.
Going down the self employment route also require setting up a limited company (i guess), in self employment would it suffice if i approach a good accountant to solve all my tax issues.
Is it true that agents would not be interested with self-employed candidates. If so then i like to know to think about it would affect my future contracts/jobs.
I am confused.
Thanks
