Hello all
I was wondering if I could pick your brains!
I might be taking an IT sales contract in London for 4 months. This is my FIRST contract so am a little green when it comes to the most cost effective way of dealing with it.
I am emigrating to Australia in November so this is to tide me over until then but, to get to the point, what is the best way of dealing with the tax implications seeing as it is such a short period? Should I use one of these umbrella companies, set myself up as a limited company or do IR35?....or should I just declare it by self assesment for the end of the year??
Any help is appreciated.
Thanks in advance
Ollie
I was wondering if I could pick your brains!
I might be taking an IT sales contract in London for 4 months. This is my FIRST contract so am a little green when it comes to the most cost effective way of dealing with it.
I am emigrating to Australia in November so this is to tide me over until then but, to get to the point, what is the best way of dealing with the tax implications seeing as it is such a short period? Should I use one of these umbrella companies, set myself up as a limited company or do IR35?....or should I just declare it by self assesment for the end of the year??
Any help is appreciated.
Thanks in advance
Ollie
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