Umbrella

[Nixon Williams]

How Much?

We charge a fixed fee of £60+VAT with nothing more to pay and we form the company, register with the Revenue, VAT etc, free of charge.

Alan

[malvolio]

How Much?

Nothing, if they do it right. Once more, with feeling....

But as I have said before, the cost of an accountant is nothing to do with what you pay them.


Work out how much is your accountant saving you in correct filing of data and calculating correct payments so avoiding interest and penalties (probably £200-ish a year, but last time I tried it was rather more), plus however much time you would need to do it yourself accurately at double your normal rate, since you would be using up your downtime to do it (in my case something like 15 man days a year, or around £15k, and I was an accountant in a former life)

[BrollyBabe]

Get an accountant to do it, all you would send to us are copies of your invoices, expenses, bank statements and anything from the Revenue, VAT etc - we would do the rest, tell you what to pay, taxes etc. This should only take you 30 minutes a month at most!

Alan

How Much?

[Nixon Williams]

Really, my understanding of the law means that you aren't applicable for Ltd should you are caught. How much more work is it?

Get an accountant to do it, all you would send to us are copies of your invoices, expenses, bank statements and anything from the Revenue, VAT etc - we would do the rest, tell you what to pay, taxes etc. This should only take you 30 minutes a month at most!

Alan

[malvolio]

Really, my understanding of the law means that you aren't applicable for Ltd should you are caught.

Nonsense, doesn't even vaguely work like that. Go read the guides again.

How much more work is it?

Oooh, shedloads. I must spend an average one hour a week on it....

[PartyGirl]

alot more work than Umbrella but you will be better off financially. Anyway some umbrella companies can do your invoicing and book keeping for you when you go limited to save you some of the work.

[BrollyBabe]

Even if you are caught by IR35 you can keep more of your own money with a Limited Company!

Alan

Really, my understanding of the law means that you aren't applicable for Ltd should you are caught. How much more work is it?

[malvolio]

Even if you are caught by IR35 you can keep more of your own money with a Limited Company!

Alan

Precisely - 95% of everything is always going to be more than 95% of everything less 10% fees...

[Nixon Williams]

Ok i dont have the correct IR 35 criteria so I've been told so which umbrella company do you guys suggest?

Even if you are caught by IR35 you can keep more of your own money with a Limited Company!

Alan

[Mr Crosby]

Go Ltd

[PartyGirl]

who have you spoken to?

[BrollyBabe]

Ok i dont have the correct IR 35 criteria so I've been told so which umbrella company do you guys suggest?