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Recent content by MonkeyDonkey
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Shared expense between limited and sole trader
Well I need a vacuum cleaner anyway. But I thought that I could maybe save some money since I will use it to clean my office room too. Might be a small expense but since I'm moving to a bigger place, I could probably do the same for any such shared items.- MonkeyDonkey
- Post #8
- Forum: Accounting / Legal
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Shared expense between limited and sole trader
True but I'm planning to be working on my own projects on weekends for example and maybe very small contracts outside, not sure yet- MonkeyDonkey
- Post #7
- Forum: Accounting / Legal
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Shared expense between limited and sole trader
My understanding is that it doesn't have to be exclusive, no? So if I have 2 rooms to clean, I was thinking to split the cost 50% between limited and personal usage. With the rent what I did as sole trader was to calculate how much time I spent in 1 room working per year and use that as an...- MonkeyDonkey
- Post #6
- Forum: Accounting / Legal
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Shared expense between limited and sole trader
Say that I use my home office for both my Ltd endeavours but also some as a sole trader and other hustles. With the rent, I assume I can just figure out a percentage and accordingly split per legal entity and contract. But what if I was to buy a shared hardware like a vacuum cleaner for the...- MonkeyDonkey
- Thread
- Replies: 16
- Forum: Accounting / Legal
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Umbrella VS limited company in public sector inside IR35?
OK, this is confusing. So say the contract is 6 months, does that mean that I will be paid for about 5 months at the day rate? Aka my gross income is 5*20*rate for a 6mo contract?- MonkeyDonkey
- Post #8
- Forum: Business / Contracts
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Umbrella VS limited company in public sector inside IR35?
Thank you for your answer. Does that mean that I get paid every month the same and I can take 28 days off anytime? What happens if I don't take the holiday pay? Do I need to then work all the days? (In which case I guess I get more income?)- MonkeyDonkey
- Post #6
- Forum: Business / Contracts
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Umbrella VS limited company in public sector inside IR35?
So the 2 options were given to me directly by the agency.. so I guess it works in this case? But it makes it all more confusing since I'll need to get the money out then somehow and I don't see how this can work since it's already taxed- MonkeyDonkey
- Post #5
- Forum: Business / Contracts
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Umbrella VS limited company in public sector inside IR35?
I'm in IT and currently I'm being offered a position in the public sector inside IR35 via an agency and they gave me 2 options (exact wording): Option 1. An umbrella route whereby you become an employee of the umbrella, with payroll taxes deducted at source. Option 2. A payroll services...- MonkeyDonkey
- Thread
- contract inside ir35 limited company public sector umbrella
- Replies: 10
- Forum: Business / Contracts
