Hi all,
I have a 3 month contract that will most likely be caught by IR35. I will have to arrange temporary accomodation for the 3 months as I live too far away at the moment.
There is a high probability that I will not be working again for the (financial) year after the contract has finished.
What is my most tax-efficient route for dealing with this contract?
I'm thinking the PSC route is not worth it for just a 3 month contract. Can anyone make a case for it?
Therefore, the only other option is the umbrella route.
I'm working on the basis that I will be able to claim some/all accomodation expenses as subsistence as I would not be normally living there if it wasn't for this contract, does that sound right?
Currently, what is the cheapest reliable umbrella service on the market for my purposes?
I see all of the usual names, some of which I remember from many years ago.
Who are the most competitive players today?
Sorry, if this is the same as every other post my vision is getting blurred reviewing all of the different umbrella company websites.
Your input is appreciated to help me create a shortlist.
I have a 3 month contract that will most likely be caught by IR35. I will have to arrange temporary accomodation for the 3 months as I live too far away at the moment.
There is a high probability that I will not be working again for the (financial) year after the contract has finished.
What is my most tax-efficient route for dealing with this contract?
I'm thinking the PSC route is not worth it for just a 3 month contract. Can anyone make a case for it?
Therefore, the only other option is the umbrella route.
I'm working on the basis that I will be able to claim some/all accomodation expenses as subsistence as I would not be normally living there if it wasn't for this contract, does that sound right?
Currently, what is the cheapest reliable umbrella service on the market for my purposes?
I see all of the usual names, some of which I remember from many years ago.
Who are the most competitive players today?
Sorry, if this is the same as every other post my vision is getting blurred reviewing all of the different umbrella company websites.
Your input is appreciated to help me create a shortlist.
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