Advice for a new starter to the Ltd world

[xoggoth]

I think you will find you dont have any choice about registering for PAYE, Cos Hse send details to HMRC.

[DaveB]

I'm sorry, you appear to be far too polite and sensible for this forum. You need to do at least one, preferably several, of the following in order to fit in here.

1) Be able to swap playground insults and engage in "You're stupid","No you're stupid","No YOU'RE stupid"..... style exchanges without any hint of humour or maturity.

2) Pick a religion and aggressively espsouse its virtues to all and sundry, whether they want to hear about it or not. I belive Bhuddism is currently available.

3) Invent a wildly successfull Plan B and boast incessantly about it without ever actually telling anyone what it is.

4) Reveal yourself to be either a dodgy Doctor Who monster or else some other form of alien life.

5) Develop an irrational obsession with anal fisting.

I'm sure others can come up with some equally helpfull suggestions.

[kieron.quin]

Hi malvolio,

Thanks for the invite..I'll hold myself back in the first instance .

I guess the questions that evry newbie has are pretty much the same and you can see 'em striped through this, and other forums. Forums are always a good starting place but if you don't go and *ask* the people who know, the professionals then it's just an opinion.

Fun eh?

Ta

KPQ

[MrsGoof]

Well bugger me!

no thanks

[malvolio]

Hi All,

I too have the same questions as I am looking to start out in the world of the contractor; to take some control back of my life!
I have been looking at this and the PCG website too. There are some invaluable resources on both. I have also been speaking with contractors where I work too. They are usually very happy to give advise.

My research continues with accountant and tax consultant too as I try to understand the tax liabilities and salary models a contractor can adopt.

I must say it is rather enjoying and exciting!

Cheers guys and hopefully speak soon!

KPQ

Well bugger me! After three years of giving the same advice, someone has taken it on board. Well done, mate!

[kieron.quin]

Hi All,

I too have the same questions as I am looking to start out in the world of the contractor; to take some control back of my life!
I have been looking at this and the PCG website too. There are some invaluable resources on both. I have also been speaking with contractors where I work too. They are usually very happy to give advise.

My research continues with accountant and tax consultant too as I try to understand the tax liabilities and salary models a contractor can adopt.

I must say it is rather enjoying and exciting!

Cheers guys and hopefully speak soon!

KPQ

[malvolio]

Good move - welcome to the madhouse, by the way!

[CIT]

I have taken your advise and i am booked in to see the accountant on Thursday

[malvolio]

thanks for the links will have a look

Have a look, read them, understand them, ask questions on the bits you don't understand. This is not a game, you're on your own (mostly!) and you can get burned very easily.

[CIT]

thanks for the links will have a look

[Pondlife]

We ain't about to write a beginners guide for you so see if you can track down the two we normally reccommend...

Sorry Mal, it's just less painful this way....

Read here

And look in the first timers bit on www.pcg.org.uk

HTH

[CIT]

thanks for the quick responce

what is the alternative to PAYE and how easy is it?

CIT

[malvolio]

Hi All,
Nice board only found it today.

Can anyone give me some advice on starting up as Ltd.?

When do I need to see an Accountant?
How do you decide on a year end?
Do I need to set up a PAYE Scheme?

Any more advice will be much appreciated

Thanks

CIT

a) You're welcome
b) Yes
c) Right now
d) See (c)
e) See (d)

Advice is worth what you pay for it. Far better to do some digging around then ask specific questions. We ain't about to write a beginners guide for you so see if you can track down the two we normally reccommend...

[Ardesco]

No (But i would reccomend it).
Pick a date that looks good to you.
No (But you can if you want to).

[CIT]

Hi All,
Nice board only found it today.

Can anyone give me some advice on starting up as Ltd.?

When do I need to see an Accountant?
How do you decide on a year end?
Do I need to set up a PAYE Scheme?

Any more advice will be much appreciated

Thanks

CIT