If it became possible to contract as self employed would you ditch the LTD/Accountant/brolly?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Would you go self employed given the option?
Collapse
X
-
Would you go self employed given the option?
6Yes16.67%1No66.67%4I'm still calculating how much salary to pay Andyw's mum for doing my admin...16.67%1"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk -
No because ltd makes it easier to save money away for lean years, it's less tax efficient to do that if you're self employedSocialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent. -
Originally posted by Jog On View PostIf it became possible to contract as self employed would you ditch the LTD/Accountant/brolly?
In practice, for most of us it isn't possible.Comment
-
also some agencies / clients would sue you personally just because they could.Always forgive your enemies; nothing annoys them so much.Comment
-
Originally posted by Jog On View PostIf it became possible to contract as self employed would you ditch the LTD/Accountant/brolly?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by d000hg View PostIs that based on current financial set up, or in a scenario where it was financially equivalent?"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
-
Originally posted by mudskipper View PostI was just thinking about that - it would be good to see a self employed option in any analyses of figures.
In practice, for most of us it isn't possible.Originally posted by vetran View Postalso some agencies / clients would sue you personally just because they could."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
-
Originally posted by Jog On View PostThis is based on if changes were made so you could do it. Forget agency complications for a minutes. If it were an option would you do it?Always forgive your enemies; nothing annoys them so much.Comment
-
No. I could do that now. I don't see the main advantages of having a ltd as tax advantages (at least directly), although there are some. The main advantages are related to ltd liability, financial planning, and the ability to operate in a global market place (even though I work direct, the self-employed construct has dangerous connotations - for clients - in many jurisdictions, whereas a corporate structure is standard).Comment
-
Originally posted by Jog On View PostScenario where it was legally an option not necessarily financial equivalent.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment