I have just started a 3 month rolling contract and using contractorumbrella. It really bugs me that im losing out on nearly £300 a month compared to paye rates for same daily rate.
How hard would it be to go limited and pay myself a normal salary and pay proper tax. Right now I don't want to do the whole dividens stuff but as long as im atleast making same as PAYE I would be happy.
Even if I had to get an accountant and pay like £100 or something a month I would still be £200 better off.
Is it as simple as opening company, get an accountant and that's it? Obviously I wouldn't do it now as I have just started and don't want to be jumping between different methods. Once my contract is renewed or maybe after a month being here.
If anyone could put some input in, it would be appreciated.
How hard would it be to go limited and pay myself a normal salary and pay proper tax. Right now I don't want to do the whole dividens stuff but as long as im atleast making same as PAYE I would be happy.
Even if I had to get an accountant and pay like £100 or something a month I would still be £200 better off.
Is it as simple as opening company, get an accountant and that's it? Obviously I wouldn't do it now as I have just started and don't want to be jumping between different methods. Once my contract is renewed or maybe after a month being here.
If anyone could put some input in, it would be appreciated.
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