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Previously on "Newbie Q - 3 month rolling contract - Umbrella or Ltd."
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Depending on reserves in the company it may be more tax efficient to keep the company 'trading' for a full 12 month period as you would then be eligible for entrepreneurs relief, which you would not be after 9 months.
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I've been quoted £200 plus VAT from CapricaOnline to close down the company which seems reasonable imo. I will prob just use that option at end of the 9 months. Cheers.
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Originally posted by Eastendoflondon View PostHi All - After taking advice i think it's best to go the LTD company route(high daily rate).
I have one question you may be able to help with - if my contract ends in 9 months (December 2015)should i keep paying my accountant until end of financial year then dissolve the company? I gather this will be fairly straightforward in my case as my LTD co will be able to meet all it's obligations. Cheers.
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Hi All - After taking advice i think it's best to go the LTD company route(high daily rate).
I have one question you may be able to help with - if my contract ends in 9 months (December 2015)should i keep paying my accountant until end of financial year then dissolve the company? I gather this will be fairly straightforward in my case as my LTD co will be able to meet all it's obligations. Cheers.
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Originally posted by northernladuk View PostIR35 is going to be a problem if it is a true rolling contract as well. It may well be umbrella is the best option regardless of length.
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Originally posted by TestMangler View PostGo on, tell us Lisa.....is it Bedouin ???
Sorry, been listening to positive affirmation tapes all morning, don't know what came over me
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Originally posted by LisaContractorUmbrella View PostFunnily enough I would
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Originally posted by northernladuk View PostYou wouldn't happen to know a good one would you?
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Originally posted by LisaContractorUmbrella View PostThe contract may only end up being for 3 months so try an umbrella and then, if the contract's extended, look at opening a Ltd Co.
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The contract may only end up being for 3 months so try an umbrella and then, if the contract's extended, look at opening a Ltd Co.
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I'd start with a brolly company first just to get a feel for contracting.
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Ok cheers all - i'll ask the agency if they are happy with me going the umbrella route
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If this is going to be your only contract, then whether you go via umbrella or limited company, the expenses that you can claim will be affected.
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IR35 is going to be a problem if it is a true rolling contract as well. It may well be umbrella is the best option regardless of length.
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