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Recent content by cdgeorge
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Just started contracting - how should I set myself up ??
...yes I think I even worked that one out (but I fully appreciate your clarification considering how inexperienced I am with this subject - ABC steps are what I need) - it's just the savings on the tax. Looks like this is going to be his permanent place to work though - so even saving tax on...- cdgeorge
- Post #20
- Forum: Welcome / FAQs
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Just started contracting - how should I set myself up ??
Yes this is a serious thread - sorry - I've "never" had experience of this before in any way shape or form. However I just contacted an Umbrella company and quite literally they were very helpful in answering some key questions (including the stupid tent question). In summary it's as simple as...- cdgeorge
- Post #17
- Forum: Welcome / FAQs
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Just started contracting - how should I set myself up ??
Ah hang on - I replied thinking the fuel was expensible, but now, I'm not sure. This is a single contract organised by an agent (in a sense). The agent is a colleague of mine who's running his own successful ICT business and has found this work for him based on the customers and colleagues he...- cdgeorge
- Post #14
- Forum: Welcome / FAQs
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Just started contracting - how should I set myself up ??
OK thanks - main outcome of this is that it is all expensible which is good news. So as you say, if he spent say £300 overall in fuel per Month traveling to and from 'our' home, and to and from the campsite in total - then £60 is claimable upon keeping the receipts and accommodation information...- cdgeorge
- Post #13
- Forum: Welcome / FAQs
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Just started contracting - how should I set myself up ??
The Home - The Campsite The Home - The Campsite OK he's looking to make the most of raking the money in while he can - but can you help me with the following. Traveling expenses and the classification of 'home'. I know the letter of the law can be quite strict sometimes and therefore what...- cdgeorge
- Post #8
- Forum: Welcome / FAQs
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Just started contracting - how should I set myself up ??
Thanks for the welcome - I'll take a look. A friend in the family (Chartered accountant) replied that he should set up as a 'sole trader'? Hmmm - not sure why he said that? I think it's because Sam (my son) is not going to earn enough (i.e. over 40K gross annually) to gain any significant...- cdgeorge
- Post #4
- Forum: Welcome / FAQs
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Just started contracting - how should I set myself up ??
OK I'm helping out my son here - he's been employed for 2 years and now is going to start contracting in ICT. He can either work under an umbrella company or set up as a Limited company - however I have no idea of the financials and registration involved in doing this properly - can anyone give...- cdgeorge
- Thread
- Replies: 22
- Forum: Welcome / FAQs
