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Previously on "Am I allowed/right to choose own umbrella co?"
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I think choosing between umbrella and limited company depends on how much your earning, and how long your contracts are lasting. Some umbrella companies offer both options, and they will do you a calculation for both to see which option is most tax efficient for you.
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Going Limited or Umbrella
cv65user
If you are interested in going limited then this link has a spreadsheet and a video that explains how to use it. You can see what the difference is between Umbrella, Limited and direct with the agency for your particular circumstances.
If you really want to run your own business then a Limited Company is a good option and it does come with some responsibilities, so I would do some research on the subject both in the First Timers Guide on CUK here. There is a knowldegbebase for How To Run a Limited Company also here.
I hope that helps.
Phil
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Originally posted by cv65user View Postwell yeah again another reason why I am sticking to umbrella at the moment . because like i said i dont know anything about going ltd .
thx alot for making me feel welcome bunch of co cks to all those who loved to get off at the screen correcting my posts and didnt bother giving me any thing near constructive other then give negative vibes . (other then cojak which i say thx to for the advice who has consistantly help me so far , as well as other minorties)
how about giving pointers into what research maybe needed to go ltd other then slag people off
I thought the posts here were very constructive and reasonable. You aren't really suitable to contracting are you? Try being a permie where you get spoon fed.
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Originally posted by cv65user View Posthow about giving pointers into what research maybe needed to go ltd other then slag people off
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well yeah again another reason why I am sticking to umbrella at the moment . because like i said i dont know anything about going ltd .
thx alot for making me feel welcome bunch of co cks to all those who loved to get off at the screen correcting my posts and didnt bother giving me any thing near constructive other then give negative vibes . (other then cojak which i say thx to for the advice who has consistantly help me so far , as well as other minorties)
how about giving pointers into what research maybe needed to go ltd other then slag people offLast edited by cv65user; 21 July 2009, 12:13.
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Originally posted by cv65user View Postwell yeah fully agreed, if I was to work for agency I do not take home as much as I would get through an umbrella company I presume its because s/he assumes we are tax dodgers. I am happy with the pay I get through an umbrella without even tax subsistences. so not all umbrella workers are whatever you assume we are.
As well as in this climate you can be stubborn as you wish. But I definately do not have the luxury/work experience of turning down job from agency.
However I might consider paying the £80 fee to register myself so I can invoice my client direct. -When I have found out more research on how to do it. So this is my primary reason why I havent gone LTD as I just dont know how to yet. But we shall see in due course after I understand the admin/book keeping behind it.
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well yeah fully agreed, if I was to work for agency I do not take home as much as I would get through an umbrella company I presume its because s/he assumes we are tax dodgers. I am happy with the pay I get through an umbrella without even tax subsistences. so not all umbrella workers are whatever you assume we are.
As well as in this climate you can be stubborn as you wish. But I definately do not have the luxury/work experience of turning down job from agency.
However I might consider paying the £80 fee to register myself so I can invoice my client direct. -When I have found out more research on how to do it. So this is my primary reason why I havent gone LTD as I just dont know how to yet. But we shall see in due course after I understand the admin/book keeping behind it.Last edited by cv65user; 21 July 2009, 08:17.
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Originally posted by BolshieBastard View PostWel, I've no time for people who work through brollies.
Originally posted by BolshieBastard View PostBut, I'd say never work through an agency that wont let you chose how you want to work.
An Agency can dictate what companies they will issue contracts to so long as they don't breach descrimination, criminal or employment laws while doing so. Admittedly their motivation can be kickbacks, but there are quite a few valid reasons that they may decline to do business with one Umbrella or another.
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I'll defer to people who have used brollies.
I've never used them myself...
IANAA, obv...
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Quite a few agencies (including Aston Carter) refused to use montpelier. Nothing that can be done to stop them.
I have heard rumours that Aston Carter have their own brolly they try to get people to use. I doubt its true.
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Wel, I've no time for people who work through brollies. But, I'd say never work through an agency that wont let you chose how you want to work.
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Originally posted by cojak View PostSo basically, I think they can. If you don't want to they can simply find another contractor who will.
Not if the client wants you!
El*n tried this on me, but the client replaced them with an agent that let me use my own company or umbrella...
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So basically, I think they can. If you don't want to they can simply find another contractor who will.
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Exactly the same question has been asked in another post.
See here.
http://forums.contractoruk.com/busin...companies.html
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Am I allowed/right to choose own umbrella co?
Am I allowed/right to choose own umbrella co?
I am currently work in an IT company > agency > umbrella
Am I allowed or have the right to choose my own preferred choice of umbrella co? My current agency cannot force me to choose an umbrella company they want?
Or even the end company I work for can force me to or not ?
i have been asked to repost ref http://forums.contractoruk.com/gener...brella-co.htmlLast edited by cv65user; 20 July 2009, 10:00.Tags: None
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