Ltd Co or umbrella Co for newbie contractor

[The Late, Great JC]

JC, does this mean you are the Jew below?

Nah mate, you're thinking of Brian!

[Hiram King Of Tyre]

Pay the man his 180 squid.

I would if I could get hold of him!

[WageSlave]

Nah mate, you're thinking of Brian!

I know a joke about that, but I expect you've heard it.

[The Late, Great JC]

I would if I could get hold of him!

Well, the summer is over and "the season" has begun again! Well it has in our neck of the woods. Perhaps he's *busy*.

[Darren@UptonAccountants]

Ltd Company

OK, why?

Should I just put complete trust in my friend? He says that he can set me up (pardon the pun) for about £180. He said that you can get it cheaper on the internet but he would do everything (whatever that means) for that. Will I need/should I register for VAT?

The agency suggest that I start with a management company and then change over....

Why not use a firm of accountants that can supply you with a limited company free of charge as part of the accountancy package!

A limited company can be set up in less than 24 hours, for example, we put one through this morning, came back from Companies House just after lunch!

As for VAT, if you're turnover is greater than £58k then you must register for VAT...if not, it still may be beneficial to be registered. Any queries, drop me an email (details within my profile).

[Hiram King Of Tyre]

He's "busy" tomorrow. I just got hold of him. He reckons that he can get me set up by Monday.

[The Late, Great JC]

He's "busy" tomorrow. I just got hold of him. He reckons that he can get me set up by Monday.

If you want to keep a couple of degrees of separation between yourself and your friend it might be better to use a different accountant, one who specialises in contractors. Why not give Darren a shout?

[Hiram King Of Tyre]

I haven't even thought about accounts yet. What would a contractor expect to pay an accountant?

[Rebecca Loos]

You ask too many questions, Hiram. Just sign here and we'll tell you later. Be a good boy.

[Darren@UptonAccountants]

Accounts

I haven't even thought about accounts yet. What would a contractor expect to pay an accountant?

You can pay anything from £55 + vat per month (i.e. us). I've seen people move to us having paid £2k the previous year!!