Be a limited company for contracting?

HappyMJ

PasturesNew wrote: »

IMHO it's not worth it.

You lose the stability of the permanent job on mortgage applications. And, £4k is nothing - you need to pay employers' NI and your own holiday pay etc ... and an accountant. You'll end up worse off.

In any case, for 1 year or so, I'd have gone with an umbrella company.

But .... my tuppence is: £4k extra as a contractor will cost you more in stuff you haven't a clue (yet) you have to pay out compared to permanent employment.

Don't do it. If you ARE going down that route, then you need to aim much higher as an invoiceable rate to be ahead.

They don't have a permanent job they are already a contractor and work as a sole trader on £25k and have been offered a new contract on £29k but to genuinely be a client - consultant relationship rather than potentially be seen as a employer - employee relationship they must be contracted through a limited company.

megaginge

As you are already a sole trader this is an incredibly obvious decision.

Get it sorted out.

masamoah

missile wrote: »

I don't know where one can find an accountant to prepare annual accounts for £100?
There are several offering monthly rate, cheapest I have found is £20 / month for a small limited company.

I agree with this totally!