Short 5 week contract. Don't have company setup. What should I do?

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Lance replied

25 July 2017, 12:46
Originally posted by m0n1k3r View Post

If it is direct with the client then register as self-employed.

If it is through an agency then hire yourself a temporary employer (also known as an 'Umbrella' in the UK for unknown reasons).

It's called an umbrella as you are under it.
It's supposed to imply some sort of protection but in reality it doesn't other than you don't have to run a LTD.
Leave a comment:
m0n1k3r replied

24 July 2017, 18:51
Originally posted by TheLearner2008 View Post

Hi there,

I have never contracted before but I want to do a short 5 week contract and then move back to permanent work.

Can you please help advise me or what I should do in terms of tax and business bank account and company. Must I set all this up or can I just get the client to invoice me directly? Would agents allow this?

Cheers

If it is direct with the client then register as self-employed.

If it is through an agency then hire yourself a temporary employer (also known as an 'Umbrella' in the UK for unknown reasons).
Leave a comment:
FarmerPalmer replied

23 July 2017, 08:42
will the agent run it PAYE ? That sounds easiest for just 5 weeks.
Leave a comment:
SueEllen replied

22 July 2017, 22:44
Originally posted by SlipTheJab View Post

Really? surely just register income as a sole trader, pay HMRC their due and move on...

If the contract is through an agency that won't be allowed.
Leave a comment:
SlipTheJab replied

22 July 2017, 22:43
Originally posted by SueEllen View Post

Join an umbrella

Really? surely just register income as a sole trader, pay HMRC their due and move on...
Leave a comment:
SueEllen replied

22 July 2017, 21:32
Join an umbrella
Leave a comment:
TheLearner2008 started a topic Short 5 week contract. Don't have company setup. What should I do?

22 July 2017, 17:23
Short 5 week contract. Don't have company setup. What should I do?

Hi there,

I have never contracted before but I want to do a short 5 week contract and then move back to permanent work.

Can you please help advise me or what I should do in terms of tax and business bank account and company. Must I set all this up or can I just get the client to invoice me directly? Would agents allow this?

Cheers
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