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What would be the permanent salary equivalent for the contracting pay?
If one is open for both contract and permanent, how to arrive at equivalent pay? Suppose we put 400/day inside IR35 on contractor calculator, we get below calculation : Contract outside of IR35: Net monthly income is around £5,096 Permanent salary required is £90,470 Contract inside of...- stit
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- calculator contracting contractor umbrella ir35 pay
- Replies: 7
- Forum: Umbrella Companies
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New Contract Withholding Part Payment Until Contract Complete
Hi All I am new to the forum, sorry if this question has already been asked. I have been contracting for several years now and I am in the process of signing a 2 year contract with a company for my service. One of the clauses in the contract states that they will retain £50 of my daily rate...- bobsyouruncle3403
- Thread
- pay retainer withholding
- Replies: 18
- Forum: Business / Contracts
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Accounting & Pay for 1 week in the tax year
Hi, In the tax year of 2016/17 I only worked the final week of the year, (last week in April). My invoice for the year was 2,750+550 VAT= 3,300 in total. I am on the flat rate scheme @ 14%, what’s the treatment to get the maximum. Appreciate if someone could provide a breakdown. I have an...- fwd
- Thread
- accountant pay paye payroll
- Replies: 10
- Forum: Accounting / Legal
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Limited Accounting Newbie - "Give a guy a little help this Christmas"
Just started contracting again after years of being permanent. The last time I was a contractor I paid my accountant £150pcm to use an online tool but this time around I wanted to see if I could do it myself. After some researching I'd like to share my current understanding and hopefully someone...- fwd
- Thread
- accountacy excel limited company pay taxes
- Replies: 10
- Forum: Accounting / Legal
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Contract in Amsterdam: client to pay for flights, hotel, or both?
Hi all, In discussion with a UK-based agency ref contract opportunity in Amsterdam. Agreed rate, then agent emailed back to ask me "does the rate we just discussed include flights, etc?" I'm surprised she was asking me -- but what's the norm here? Is there indeed a norm? The company knows the...- towcester
- Thread
- expenses pay
- Replies: 7
- Forum: Accounting / Legal
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Unpaid Invoices through Umbrella Company
Hi, I've been reading posts on here for a while to get tips and advice etc.. I'm pretty new to contracting. Anyway, I'm having a problem with a previous contract. The contract was sourced directly (word of mouth) but everything is being handled by an umbrella company. The digital agency I was...- rockyrunner
- Thread
- invoice late payment pay umbrella
- Replies: 6
- Forum: Accounting / Legal
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Maternity pay as a limited company - query
Hello, My partner is currently looking at becoming a contractor and like me is a total newb. We are currently trying to understand how maternity cover works for a contractor working as part of their own limited company. We have done some research but are very confused by it all. So... 1) Will...- tkmk
- Thread
- cover maternity pay smp
- Replies: 5
- Forum: Accounting / Legal
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Contracting income solutions Portugal
Does anyone have any experience of contracting in Portugal? If so, how did you pay yourself whilst there? I'm going to be offered a 12-18 month contract there, and will resident in Portugal during the contract. I've seen some umbrella companies offer standard PAYE packages, but that's the least...- ings
- Thread
- contracting income pay portugal tax
- Replies: 1
- Forum: Accounting / Legal
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Do we get paid if sent home?
I rang in today to say that i couldnt come in due to the snow. Obviously, this is my own choice and do not expect to get paid. I work from 3 schools. HOWEVER What if turn up tomorrow and find all the schools closed that I work at? Is my contract customer obliged to pay me, even if i have...- Whizzybot
- Thread
- pay
- Replies: 1
- Forum: Business / Contracts
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Contract ended - 'not the right skills'
Hi, I'm having a prolonged discussion around obtaining payment in lew of notice. Facts are: * Interviewed, Presented and detailed my approach for role * Started 4th month * Ended 15th month * 1 week into contract, manager stated tht "she wanted an old fasioned buyer" (I have never been a...- tgardener
- Thread
- contract ending legal notice pay
- Replies: 25
- Forum: Accounting / Legal
