Hello and first question

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LisaContractorUmbrella replied

24 October 2014, 10:15
Welcome

As this is your first contract and you believe that you'll be IR35 caught then an umbrella company would be a good option for you. Look for a company that is well established and answers any questions that you have honestly and openly. Bear in mind that all umbrella companies should operate full PAYE so stay clear of those that offer a higher take home pay than the others as, chances are, they will be operating a tax avoidance scheme.
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cojak replied

23 October 2014, 09:48
Welcome to CUK Moyabrit!

You'll find a lot of answers to your questions within the CUK website.

On the right you'll find CUK Navigation. >>>>>>>>>

Look down and you'll come to the First Timers section. Have a read through there.

Basic expenses questions answered here: Contractor Expenses - How to claim Travel and other expenses via Limited Company or Umbrella

Then pay particular attention to IR35.

If you go into the Accounting/Legal forum you'll discover the thread Basic advice when running your own contractor business.

Guide to Contracts also has some good articles.

And finally - accountant recommendations - Ta-da!

Happy reading!
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moyabrit started a topic Hello and first question

23 October 2014, 09:39
Hello and first question

Hi all

Just started my first contract job last week. It's on the IT service desk for a public sector organisation, arranged thru an agency and (hopefully) paid thru an umbrella. My first wages are due tomorrow

I was wondering if there's a good or even definitive book on setting up and contracting as a limited company in England, so I can decide if I want to bother. My Google-fu must have deserted me, cause all the web advice I can find is from firms with a conflict of interest, either brollies or accountants.

For this contract I'd definitely be caught by IR35, so I suspect it would only be worth the effort if I could realistically do my own books and avoid paying accountancy fees. I am interested in contracting more in future though, even occasionally on the side if I go back to a regular job.
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