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 "Greetings, Anyone used consultant-tech"
I've never heard of them nor anyone thats used them. The lack of replies I guess confirms this.
As Waldorf says, limited is the most efficient way of working and I'm also a Nixon Williams client. They are all good, no complaints from me either.
I wouldn't bank on keeping 80% of your earnings though! Expect between 70-75% tops via a limited company. Also don't forget to consider our friend IR35, your PCG membership (optional but worthwhile), insurances and other setup costs (laptop, phone etc).
If you want an "easy start" as you say, you could use an umbrella solution (also referred to as brollies). Have you read the PCG guide to freelancing and all the "First Timer" stuff yet? You could learn heaps from those. Don't get suckered in by some of the "calculators" these companies have on their sites. They are a bit colourful with your take home pay and assume you'll be claiming maximum expenses. Bottom line is you can't claim for expenses you haven't incurred (you'll need a receipt too) even if you don’t need to provide one to the umbrella, if the IR come knocking you’ll need the proof!
A brolly might be the way to go to get started, or if you're planning on sticking it out as a contractor, limited is the way to go. Have a good read over the weekend and see if it's for you (or not). It’s not for everyone.
been a permy for 6years, looking at contracting, want to make the "break in" as easy as possible. So i decided to use a company to manage tax/paper work.
Leave a comment: