Reply to: what am i worth

[buffdaddy]

I have recently gone LTD from umbrella. My company was incorporated in June.

- I used a specialisd accounting firm to incorporate my company and I also have started using them for monthly accountancy services.

- What I did was first told my agency that I want to go Ltd. so they setup new contracts with my Ltd.

- then I made sure I get my last pay before I told the umbrella that I was ending my contract with them

- I opened a business bank account through HSBC. took a week to get all my documents and cards etc

- I signed up with the PCG.

- I didn't bother getting my contract reviewed for IR35 because my agency is PCG affiliated and their contracts are standard PCG contracts

- I also registered a domain name for my company and setup company email addresses (not a must but i though't if it develops inthe future it could be useful). I used godaddy.com for this

- I also got a company oystercard. This way my movements for business travelled can be better tracked and I can print out monthly usage reports

- Currently working on a simple logo and letter heads etc.

[richard-af]

Have a look at the getting started guides here, on PCG and SJD have one (I think).

Thanks. I have seen those, but a bit of first-hand info always helps.

[TheFaQQer]

I'm not Ltd, but will be in a few months, so in a similar boat. I'd ring SJD, or similar, and ask. They know everything you need to know. Please post your findings!

Have a look at the getting started guides here, on PCG and SJD have one (I think).

[richard-af]

So i have registered my limited company. The next steps for me are

1) Get a business bank account?
2) Register for VAT
3) Get an accountant
4) get contract reviewed for IR35

Am i missing anything..
cheers

I'm not Ltd, but will be in a few months, so in a similar boat. I'd ring SJD, or similar, and ask. They know everything you need to know. Please post your findings!

[reddeagle]

So i have registered my limited company. The next steps for me are

1) Get a business bank account?
2) Register for VAT
3) Get an accountant
4) get contract reviewed for IR35

Am i missing anything..
cheers

[max]

Hey Guys,

Well i just got a call there, and have been offered the contract that sits out side london a bit at 600 p/d

Set up my limited company two weeks ago, next step will be to seek the advice of an accountant etc to check for IR35.

Also should i be registering for VAT now too!

concratulations....soon you'll wonder why you didn't do it before, oh and what to do with all the wedge.

[cykophysh39]

Yep , Regsiter Vat.
You know it makes sense.

[Ivor1]

Current market rate in London for a Senior Java J2EE dev (not including investment banking) is around £400-450 a day, with it being closer to 400 than 450.

There are the occasional roles out there for around £500, but they're aren't that many of those out there at the moment.

£550 - £660 at my place

[FiveTimes]

Hey Guys,

Well i just got a call there, and have been offered the contract that sits out side london a bit at 600 p/d

Set up my limited company two weeks ago, next step will be to seek the advice of an accountant etc to check for IR35.

Also should i be registering for VAT now too!

Register for VAT now and in 6/8 months time you might have your number

[reddeagle]

Hey Guys,

Well i just got a call there, and have been offered the contract that sits out side london a bit at 600 p/d

Set up my limited company two weeks ago, next step will be to seek the advice of an accountant etc to check for IR35.

Also should i be registering for VAT now too!

[bjayakody]

Investment banking/financial has the high rates, the rest don't.

You'll get the occasional one come along at £500 a day, but most are lower.

Tech Lead or Arch pays the £500+ but for a generic Java/J2EE senior dev it's £400-450.

If you're getting more, good on you, but that's the general rates out there at the moment.

It's also Summer, rates go down until everyone is back at work again.

[reddeagle]

So....what did reddeagle get in the end ? Come on, spill the beans !

He still hunting,
and i guess the reason for that is that i am turning down anything less than 500. Have 3 interviews this week
1) 600 pday (bit out side london)
2) 550 pday in the wharf
3) 500 pday in center


Im really holding out for the moment to try and get 500 or above, i know its my first contract but dont want to settle for someting i not happy with. As a permie here i have plenty of time to hold on and wait for the right opportunity to come around.

I also targetting investment banking to see can i break into that.

[oraclesmith]

So....what did reddeagle get in the end ? Come on, spill the beans !

[Cowboy Bob]

I reckon it's more like £450 - £500. Personally I wouldn't take less than £450 in the current market. Any less and the difference is going to the agent...

[bjayakody]

Current market rate in London for a Senior Java J2EE dev (not including investment banking) is around £400-450 a day, with it being closer to 400 than 450.

There are the occasional roles out there for around £500, but they're aren't that many of those out there at the moment.