Reply to: Why we MUST ditch our lazy attitude to finding work through agents and agencies

[NotAllThere]

Please refrain from the sockie accusations.

[ItRYmyBEst]

I take it you're not married then?

yeah not married

[DodgyAgent]

How many remote contracts will let you take the same rate as being on site?

Ie I would like 600 pd contract working from home.

Place 10 contractors and charge £300 per week margin. Not only can you "work" from home you won't have to do anything other than shuffle some invoices around.

[LondonManc]

This sounds like a good plan, but aren't we all doing that anyway?

I take it you're not married then?

[ItRYmyBEst]

Ah, so the long game may be to push us into collecting larger warchests?

This sounds like a good plan, but aren't we all doing that anyway?

[ItRYmyBEst]

I run a ltd because I was forced to. The only way I could get contract work was via an agency using a ltd. Which means I use an accountant, indemnity , VAT FRS, etc etc.

Over the years I have had to adapt and I will adapt to this as well. The key fixed points are
1. minimise aggro for the client
2. costs will go up, particularly for staying away
3. SDC will be certain, but then longer contracts are back on the agenda
4. Agencies practices might change and not for the better

Seems to me that I will be going for longer contracts, insisting on a 3 or 4 day week with 10 - 12 hour days, pushing hard for WFH, pushing harder for direct

How many remote contracts will let you take the same rate as being on site?

Ie I would like 600 pd contract working from home.

[ItRYmyBEst]

It may have been said already. I got 10 pages in and didn't see it. But why not negotiate a contract where T&E is part of the contract. That way you push the T&E onto the client. I do this with my contractors now. Any expenses they accrue I pay them back.

Even if you push it to the client, from april 2016 won't we have to pay your travel from your personal expenses? And that can hurt if you are staying under the 40'odd k a year you take personally?

[northernladuk]

I'll be bumping up rates to 600 pd and taking a huge salary per year

It would be nicer if you retired this sockie instead.

[ItRYmyBEst]

Rate rise?

I'll be bumping up rates to 600 pd and taking a huge salary per year

[suityou01]

Ah right, yeah they don't make it easy

Cheers bud, that's absolutely cleared everything up for me.

[The Spartan]

Play fair, it was the entire diatribe I didn't understand, not just part of it. IIRC correctly my accountant told me gross divvies are 10/9s of net divvies.

Ah right, yeah they don't make it easy

[LondonManc]

What, you don't subscribe to the DIY approach

Only in London.

[suityou01]

You don't understand the current difference between net and gross dividends?

Play fair, it was the entire diatribe I didn't understand, not just part of it. IIRC correctly my accountant told me gross divvies are 10/9s of net divvies.

[The Spartan]

There is no net dividend next year according to what you said, so either your dividend has no tax on it and thus is equal to gross, or the nasty HMRC wizard comes along and steals the entire thing

Well the difference I suppose is for one you will no longer receive the dividend credit which confuses a lot of people.

So say for instance that the higher tax limit is 42k
At present £10k salary and £28,800 net dividends (£32,000 gross dividends)

Next year higher tax limit £43k
£11k salary, £5k dividends tax free and £27k taxed @ 7.5%

[NibblyPig]

You don't understand the current difference between net and gross dividends?

There is no net dividend next year according to what you said, so either your dividend has no tax on it and thus is equal to gross, or the nasty HMRC wizard comes along and steals the entire thing