Thank you for all your comments..
The job... I work as developer/support for an application that is used for trading and risk management
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Reply to: First time contractor - Help
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Previously on "First time contractor - Help"
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Originally posted by wantacontract View Postwhats this role that pays £600 outside of london?
do tell...
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Originally posted by norrahe View PostOriginally Posted by chef
I'll bite and be polite and to the point.
Well that's a refreshing approach from one of us to a noob
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Originally Posted by chef
I'll bite and be polite and to the point.
Well that's a refreshing approach from one of us to a noob
Leave a comment:
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Originally posted by ContractorNew7 View PostWhat do u think the take home would be, if taking into concentration the usual expenses and pay to director.
So to be on the safe side I would take no more than £1,000 per month and keep the rest in the company as funds to get you through any period on the bench.
Originally posted by ContractorNew7 View PostPlease help me with any advice on accountants.
Some also provide extra services such as filling in all forms required by Companies House.
hth
EDIT: I should add that I think the rate you are getting is a bit low in this market.
It is all about supply and demand. There are so many contractors out of work at the moment that that means the contracting money is spread between fewer people so the rates are higher.
Your agent is probably taking the mickey. If I were you I would phone them tomorrow and demand £750 per day. They won't give in easily so you need to be prepared to play hard-ball, telling them the deal is off unless you get it.
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Originally posted by ContractorNew7 View PostHi
I am contracting for the first time in the month of Jan 2010.
My day rate is 600 and the location is outside London.
After a lot a research, I understand that the best choice would be a Limited company.
In my attempt to create a Limited company - I made many calls to different companies that offer this service and also maintaining account of the company.
Two of the companies quoted that I would take home nearly 10K home(excluduing expenses) which is nearlly 70%.
When I informmed to my friend who is also contracting disagreed a lot.
He said there is no way that we can get so much!
I would really appreciate, if any one can shred light.
What do u think the take home would be, if taking into concentration the usual expenses and pay to director.
Please help me with any advice on accountants.
Thanks
Then go and see an accountant followed by a lawyer.
If they cant answer all of your questions and put you on the right track, forget a Ltd Co and find an umbrella co this side of Xmas.
PZZ
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