• 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!
Collapse

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.

Previously on "Not been here in ages....."

Collapse

  • SallyAnne
    replied
    Originally posted by daviejones View Post
    How is everyone?

    To save me searching, can someone give me the reasons to either:

    1: Stay Limited Company - I am sick of all the paperwork etc

    2: GO Umbrella - easy option

    I am currently (1) but I am tempted by (2) for next contract....

    What is the main concensus???
    If you're sick of your own money then you might want to just try going permie. That's even easier!



    And if you missed that, it was

    Oh...and welcome back

    Leave a comment:


  • RichardCranium
    replied
    Originally posted by daviejones View Post
    To save me searching, can someone give me the reasons to either:

    1: Stay Limited Company - I am sick of all the paperwork etc

    2: GO Umbrella - easy option

    I am currently (1) but I am tempted by (2) for next contract....

    What is the main concensus???
    Gosh! You have been away a long time.

    We're tending to go self-employed now. Since that S-thingie ruling and the opting in/out business came in, it makes no difference to the agents any more how we work.

    Self-employed is by far the most tax efficient, least paperwork, no IR35 and you don't need an accountant.

    And NOBODY does umbrellas any more, they're all falling over like ninepins.

    So as year end comes, we've all been converting to self-employed.

    You really do need to:

    a) keep up;
    b) do your research, you're in business, dammit!
    c) learn to spell consensus.

    HTH

    Leave a comment:


  • NotAllThere
    replied
    Originally posted by daviejones View Post
    What about companies like Parasol etc?
    No effort required.

    Disadvantages: reduced control over your finances. Reliant on Parasol to exercise credit control on your behalf. Have to stick to brolly expenses rules. PAYE only.

    If you want to know about other umbrella companies, simply replace the word "Parasol" with the other brollies.

    Of course, you could use Sunday Solution et al, and then you get:

    No effort required.

    Disadvantages: reduced control over your finances. Reliant on Parasol to exercise credit control on your behalf. Have to stick to brolly expenses rules. PAYE only. Huge risk of having to pay tax and penalties at a later date.

    Leave a comment:


  • NotAllThere
    replied
    I think Platypus voiced his opinion quite well.

    Leave a comment:


  • daviejones
    replied
    HAHA, I was after opinions!!! I missed you guys...

    Leave a comment:


  • Platypus
    replied
    I'll tell you what, why don't I do all the research and send you a full report?











    On 2nd thoughts, you're obviously a lazy c**t so just use an umbrella

    Leave a comment:


  • daviejones
    replied
    What about companies like Parasol etc?

    Leave a comment:


  • Platypus
    replied
    I recall this thread is quite compelling
    http://forums.contractoruk.com/accou...g-problem.html

    Leave a comment:


  • NotAllThere
    replied
    Compare the advantages:

    Originally posted by daviejones View Post
    1: Stay Limited Company - I am sick of all the paperwork etc
    Control over your finances, dunning, expenses claims; ability to arrange your affairs in a tax efficient manner, ability to do other work, fix rate VAT scheme.

    Disadvantages: paper work. (minimal).

    Originally posted by daviejones View Post
    2: GO Umbrella - easy option
    No effort required.

    Disadvantages: reduced control over your finances. Reliant on brolly to exercise credit control on your behalf. Have to stick to brolly expenses rules. PAYE only.

    Leave a comment:


  • daviejones
    started a topic Not been here in ages.....

    Not been here in ages.....

    How is everyone?

    To save me searching, can someone give me the reasons to either:

    1: Stay Limited Company - I am sick of all the paperwork etc

    2: GO Umbrella - easy option

    I am currently (1) but I am tempted by (2) for next contract....

    What is the main concensus???
Working...
X