Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
I have been on a PAYE contract since Oct08. This is rolling on for the time being. Can I change to Umbrella/Limited? Or do i have to stay as I am until the next assignment?
Does it make a difference if the property losses are current year (08/09) losses?
Hence the profit & loss for the co. will be the sum of loss from property and income from contracting. Is tax calculated on the same basis?
i.e. does the 'same trade' rule apply only to losses b/fwd or does it...
I have a property development company that has made a tax loss. Are there any ways that I can use this loss shelter earnings from self-contacting? i.e. earnings from self-contracting taxed at a lower rate due to tax loss carried forward.
Many thanks for any advice,
Rich
Thank you for that recalculation. A great help. And it all makes sense. I put too much faith in an online calculator. :emb
Still, £49k is plenty more than £41k.
This £49k is also slightly below the "75%-80% of your contract value" that one reads about. Although I guess with the use of...
Up until now I have been a permanent employee and I am now interviewing for temp/contract roles. The agency is keen to know whether I wish to go PAYE or LTD.
So, I am trying to assess what is best for me. I have calculated as follows:
Assume: 40hrs/week. 50 weeks. No/Low expenses.
PAYE...