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Recent content by fdama
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Contracting in Ireland - Advice needed
Hi, I'm quite new to contracting having just completed my first one which was a 6 month (3 month + extension) contract. I have recently been contacted by a UK consultancy who had opportunities available with their client in Dublin. The contract term is of 3 months with strong possibilities of...- fdama
- Thread
- Replies: 17
- Forum: Accounting / Legal
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Advice needed on whether to go Limited for a 3 month contract
Thanks for all your replies. @LisaContractorUmbrella I discussed this with the accountancy and they said that they offer a free review. They said that the vast majority of people fall outside IR35. If I am in IR35, then I will not even consider going Limited. When this contract is over I...- fdama
- Post #6
- Forum: Accounting / Legal
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Advice needed on whether to go Limited for a 3 month contract
I've started a contract this week and I am stuck in the process of choosing between the limited or the umbrella route. This is not my first contract. I had contracted about 3 years ago for 6 months and at that time I used an umbrella as the pay was not high (~£25,000). This time round, the...- fdama
- Thread
- Replies: 9
- Forum: Accounting / Legal
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Newbie - Advice on Accounting options
I dont see how umbrella is a better option, financially speaking. 40% of my pay would go on taxes whereas with ltd, it is around 20%. What really is involved during company start up and shutdown to make umbrella a viable option as you advised? Is it the paperwork? Does the expense involve...- fdama
- Post #9
- Forum: Business / Contracts
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Newbie - Advice on Accounting options
Regarding the 2 companies I listed, are they considered specialist accountants? Is the fee that they charge reasonable (see original post) ? I ask this because I read that you should be charged no more that £100 per month for their services. These companies are charging a higher rate. I'm just...- fdama
- Post #3
- Forum: Business / Contracts
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Newbie - Advice on Accounting options
Hello all, I am due to start a contract tomorrow at short notice as I was only offered the position last Friday. I have decided and been advised to go on the Limited company route. The contact will last approx 3-6 months. I don't know if I am breaking and rules here but I will say that the...- fdama
- Thread
- Replies: 10
- Forum: Business / Contracts
