question from a newbie

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tim123 replied

16 April 2007, 08:30
Originally posted by laney

I've seen a local accountant but he would only pay dividends quarterly and wanted quite a lot of money to do my paye - I know there are still companies who will take a weekly/monthly fee to do lots of the boring admin for me. Is it OK to use them?

1) You should get yourself on to quarterly dividends for your own cash flow purposes. If you can't survive from week to week without 100% of your contracting income in you hand at the end of each week, what the **** are you going to do when you are between contracts?

2) What do you mean by "a lot of money"

tim
Leave a comment:
2uk replied

15 April 2007, 21:44
Welcome to the real world.
Leave a comment:
malvolio replied

15 April 2007, 20:26
Short answer - Of course it bloody is.

That question and all its variants has been answered in seriously boring detail many times in the last three weeks. Have a read of this forum and see if you can work it out first, then ask about the bits you don't understand.
Leave a comment:
laney started a topic question from a newbie

15 April 2007, 19:28
question from a newbie

Hi - I've only been contracting for a few months and until last week worked through Giant Powerhouse. I was going to move to Trailblazer but don't have that option anymore. I've set up my own ltd co. and got a business bank a/c but am not sure how much of the paperwork I can pay someone else to do without worrying about the Inland Revenue.
I've seen a local accountant but he would only pay dividends quarterly and wanted quite a lot of money to do my paye - I know there are still companies who will take a weekly/monthly fee to do lots of the boring admin for me. Is it OK to use them?
Any advice welcome....
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