umbrella or ltd

[TheFaQQer]

PRINCE2 of Darkness is correct in saying that you wont get paid by a brolly until they are paid by the agent. I think you'll find that the same happens when you are a ltd.

I don't think that I've ever experienced that - the longest I've waited for being paid was weekly on 30 day terms when I was direct. When through an agency, payment has always been within the week of invoicing, which I don't think links to when they were paid by the client.

I may be wrong, though, and it happens more than I am aware of.

[Zippy]

And MF hates me. I don't discuss my lunch but I do love a word game

Seriously - it's up to you. If you can hang on (potentially) for a few weeks while the ltd gets set up, and you are up for the added responsibility, then go for it.
PRINCE2 of Darkness is correct in saying that you wont get paid by a brolly until they are paid by the agent. I think you'll find that the same happens when you are a ltd.
We are nice on here (mostly), and I still wish you good fortune. Get invoicing!

[MarillionFan]

Ok chap - you are in the wrong section. Have a look at the Business area of the forum.
I'd go with umbrella and move to ltd if the contract pans out OK. Best of luck.

Yes sorry mate, you are completely on the wrong board. This is the CUK General Forum, so unless you'd like to tell us about your lunch or play a word game Zippy aint gonna help you.

I would recommend LTD though. It's not really much hassle, is cheaper than an umbrella and if you're based in the Hampshire/Surrey/Berks area PM me and I'll give you the accountant I use and you can get a free quote.

HTH

MF

[TheFaQQer]

will probably start with umbrella and once position is established will start ltd,

No, you won't. Once you are with the umbrella, you'll probably find that you are stuck with them until the end of the contract. Make sure you read the small print.

As for recommendations, I've never used one, but have a look at ContractorUmbrella and see what they say.

[BolshieBastard]

Like I always say, just say 'No!' to brollies

[stek]

thinking its what i will do, anyone any dealings with crystal umbrella?

Me, they were ok but are now disputing some timesheets with me, six months after I left - their errors saying i have to pay back. Trouble is I have 30 months of weekly timsheets to reconcile cos they put so many 'adjustments' and reversals through, that part was a pit of mess. Job for next night shift. they are holding 8k tax back to til I sort it - not sure if that's legal, it's not my money, it's the Taxmans....

Be wary of going LLP, as u pay no class 1 NIC u won't get JSA if things go tits up unless u paid some Class 1 NIC in the preceding two tax years.

[leer34]

thinking its what i will do, anyone any dealings with crystal umbrella?

[Zippy]

thanks for the reply, doesnt a business bank account take about 6 weeks to setup? im due to start position in next 1/2 weeks?

Yep. Could well do. If you need the income faster go umbrella and set up the ltd in the meantime. When the bank acc is confirmed get the agent to change the contract to your new ltd (most will do this, but not all so be careful)

[Zippy]

Ok chap - you are in the wrong section. Have a look at the Business area of the forum.
I'd go with umbrella and move to ltd if the contract pans out OK. Best of luck.

[leer34]

thanks for the reply, doesnt a business bank account take about 6 weeks to setup? im due to start position in next 1/2 weeks?

[Green Mango]

would appreciate any feedback,

about to start a potentially long term contract,

will probably start with umbrella and once position is established will start ltd,

looking for recomendations for umbrella's

regards

Limted is more tax efficient, but slightly more work.

If you are confident of the contract I would start Ltd company

[leer34]

would appreciate any feedback,

about to start a potentially long term contract,

will probably start with umbrella and once position is established will start ltd,

looking for recomendations for umbrella's

regards