Making more Money via Ltd co - help!

[DaveB]

never mind changing the subject, what about that bloody bridge purchasing contract you PROMISED me ?

Now you really dont want to be bothering with bridges these days. Tunnels are the latest technology and far more tax efficient. You can practically write the whole thing off as a business expense and claim back more than you even started with. I have a great little scheme I could introduce you to, IR approved and everything

[expat]

never mind changing the subject, what about that bloody bridge purchasing contract you PROMISED me ?

Sorry mate, the client changed the spec so I have to shaft you. Nothing personal.

[zathras]

OK so nothing new about the idea but www.cakeincome.co.uk seem to be a good option. I have been working via timesheet for some time - has anyone made the shift to companies like Gabem, Charterhouse or Cake before? Is it worth it?

Any company whos advertising contains the statement "allows you to take home more of the money you earn" allways sets alarm bells ringing and they want £26 for the privilage.

The most cost effective way is to have your own limited company with you deciding how much to draw. There is only one reason to go through such a company and that is if you do not have the inclination to run your own limited company.

[DaveB]

It appears that what they are doing is aiming for people who would have been with a brolly or simply temping through an agency like Computer People etc and setting them up with a ltd co that they then manage on their behalf for £26 a week.

They treat that person as if they were outside IR35, regardless of what their actual situation is, and hence pay them more money than they would probably get otherwise including the expenses already discussed.

Of course when Hector comes calling they can deny all knowledge of the contracts status etc as they are just "a manged service" and the contractor gets shafted as per.