Reply to: Low Paid Contract

[LisaContractorUmbrella]

Guilty before having to prove himself innocent?

Frankly I don't think Waterboy has it in himself to become director of his own Ltd Co (yet, anyway). He'd probably get into all sorts of mess and trouble with the tax authorities. Now in this case the extra couple of hundred quid is a lot of money, but from my POV he would have a far better life stick to PAYE until he better understands the workings of consultancy and Ltd Co structures.

Yep totally agree - good advice

[Support Monkey]

and you....

i woz never very gud at speeling

[Sausage Surprise]

well then Their either cleverer than you or just better at negotiating

and you....

[ChimpMaster]

Might be a bit misleading for the OP - would be surprised if such a low rate contract would fall outside

Guilty before having to prove himself innocent?

Frankly I don't think Waterboy has it in himself to become director of his own Ltd Co (yet, anyway). He'd probably get into all sorts of mess and trouble with the tax authorities. Now in this case the extra couple of hundred quid is a lot of money, but from my POV he would have a far better life stick to PAYE until he better understands the workings of consultancy and Ltd Co structures.

[LisaContractorUmbrella]

Yes. Assuming outside. Flat rate VAT and small salary.

Might be a bit misleading for the OP - would be surprised if such a low rate contract would fall outside

[Alan @ BroomeAffinity]

Going through an Umbrella or Ltd company because I have very low expenditure (live near site etc) I end up getting paid less than via PAYE.

Yip. Crap.

[TestMangler]

Yes. Assuming outside. Flat rate VAT and small salary.

Was the O/P not comparing brolly co's ?

Makes your 'small salary' comparison somewhat....erm.....crap.

[Alan @ BroomeAffinity]

How do you work that out? Assuming outside IR35?

Yes. Assuming outside. Flat rate VAT and small salary.

[Mose]

Or lying through the back of their teeth.

this

[northernladuk]

well then Their either cleverer than you or just better at negotiating

Or lying through the back of their teeth.

[LisaContractorUmbrella]

Even accounting for £1200 accounting fees and ZERO expenses, your limited company "take home" if you want to call it that, would be £3,200 approx. per month.

How do you work that out? Assuming outside IR35?

[waterboy]

well then Their either cleverer than you or just better at negotiating

They are doing different jobs but yes they are more clever than I!

[Support Monkey]

Ah I am not complaining about my rate...I'm frankly as thick as s**t and grateful to be earning this, i only use it in comparrison to my other contracting colleagues in the same room the next lowest is £500 a day and one guy on £1K a day...

well then Their either cleverer than you or just better at negotiating

[waterboy]

£175 a day is not a low payed contract it is what you accepted to do the job if you need more you just need to move on,

Ah I am not complaining about my rate...I'm frankly as thick as s**t and grateful to be earning this, i only use it in comparrison to my other contracting colleagues in the same room the next lowest is £500 a day and one guy on £1K a day...

[waterboy]

Even accounting for £1200 accounting fees and ZERO expenses, your limited company "take home" if you want to call it that, would be £3,200 approx. per month.

Oh really?!...that sounds encouraging, I did try a couple of on line Ltd company calculators and it didn't come out any where near that figure..

Are you allowed to recommend a accountant company on this board?