Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Stuck with a "Consultancy Agreement"?"
Exactly. One or more of us usually answer intelligent questions accurately and in depth. Unintelligent questions though - that's a whole different ballgame...
Thanks for your responses, I feared that going through the agency meant they'd automatically tax all earnings and I'd lose all the advantages of setting up a limited company.
So, as long as I set it up correctly, the agency will be sending me my gross pay before taxes, leaving my company+accountant to handle taxation and the like?
Thanks again.
Hmmm.... <bites tongue helmie>
Haven't read the guides yet, have you? I suggest you do so, quickly.
Thanks for your responses, I feared that going through the agency meant they'd automatically tax all earnings and I'd lose all the advantages of setting up a limited company.
So, as long as I set it up correctly, the agency will be sending me my gross pay before taxes, leaving my company+accountant to handle taxation and the like?
You use your ltd co to invoice the agency who in turn bill the client for your time plus a hefty margin. Thats basically how the cotnracting market works.
Hello everyone, I'm just taking my first steps into contracting, I apologise if my post stinks of ignorance!
I have been sent contract by the "Contracts Administrator" of the agency that put me forward for the role. From trying to digest the contract, I've realised that the agency that put my CV forward want to handle my payroll.
I had planned to work directly with the client through my own ltd company, I want to cut out the agency at this stage if possible, can I basically tell them to shove off? I assume that I have no obligation to work through the agency, can I just go to the client's HR dept. now and finalise things?
I don’t see any benefit to working through the agency, could there be any good reason to stick with them? I would rather get rid of that extra layer between me and my pay.
(Also, I wanted to PM some people on this board regarding finding an accountant but cannot seem to, am I too new a user to PM people?)
<mod note>Will ask the main admin to give you PM permissions</mod note>
Fantastic notion...........but like the Nationwide advert says 'It doesn't work like that'. Also, it is not just because you found the gig through the agent; most companies (especially the bigger ones) simply won't deal directly with a contractor's company.
Agency gets you the role, you work through the agency. That's how it works.
Not quite, I work through many agencies and none of them do my PAYE for me. I use my own brolly for that (or a Ltd if I still had one) - there is no neccessity for you to work through their PAYE except if they are insisting (which some do, HAYS do AFAIK, never worked through them)
You cannot go to the end client HR dept directly, since their contract is with the agency not you. They will have no idea what terms you are workign under witht he agency, PAYE or Ltd. You can only deal with the agency. It may be a bit late int he day to ask not to go through their PAYE, but they may be OK. Ask them.
Eitehr way, their PAYE or your Ltd, you'll still have an extra 'layer' between you and the money - your own Ltd is uinder your control, however.
Welcome to contracting. Next time, make sure you and the agency have agreed general terms before comitting to accpting a contract!
Hello everyone, I'm just taking my first steps into contracting, I apologise if my post stinks of ignorance!
I have been sent contract by the "Contracts Administrator" of the agency that put me forward for the role. From trying to digest the contract, I've realised that the agency that put my CV forward want to handle my payroll.
I had planned to work directly with the client through my own ltd company, I want to cut out the agency at this stage if possible, can I basically tell them to shove off? I assume that I have no obligation to work through the agency, can I just go to the client's HR dept. now and finalise things?
I don’t see any benefit to working through the agency, could there be any good reason to stick with them? I would rather get rid of that extra layer between me and my pay.
Leave a comment: