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That 1% is worth it, the cost of money now vs money later. The reminders aren't that much, but reminding them less than 7 days post due seems a bit desperate.
Direct Debits have nothing to do with IR35 status. It is simply a means to collect on an invoice. They're as "automatic" as taking payment 14 days after the invoice is raised. Businesses use them all the time. What are you talking about?
What's your goal here? One can do a lot in three years...
I am an outside contractor working with agencies in London. For the little ones who still run manual payments, I often have to remind them to pay me.
Does anyone charge their agency or client via Direct Debit? Given I have a fair bit of weight now, I can make this a condition of new contracts...
I was thinking of establishing the companies myself after seeing their costs, thanks.
As for the holding, I just thought I would make thinks 'clean' from the start, and allow the money to be used for investments. Rates will be pretty high, so thinking I'll want to keep the money in the company.
Hi,
Looking to start contracting in the next few months, and want to form a personal holding company plus a service company so I've been speaking to accountants.
They're quoting me £400 to set up the two companies, £100 tax + vat set up, £150 quarter for MTD and £2k a year for accounts and tax...
Hi,
I'm a wannabe contractor. I was originally looking to start after purchasing a house as a permie in ~October 2019, but due to the IR35 changes I have been persuaded to potentially start earlier to get a year in outside of IR35, and buy a house 12 months after starting as a contractor...
Currently a Nodejs employee, looking to pick up Golang and practice in my own time alongside work, before moving into Golang + Nodejs + Cloud contracts in 12-18 months. I've seen Go contracts paying up to £700pd.