Greetings, Anyone used consultant-tech

[uk-newbie]

Hello all

long term lurker, first time poster



been a permy for 6years, looking at contracting, want to make the "break in" as easy as possible. So i decided to use a company to manage tax/paper work.

Could anyone kindly advise if they have used:

http://www.consultant-tech.co.uk/

their fees seem quite high at 10% (i think)


Anyone have any comment on them or if they recommend anyone else?

many thanks in advance

[uk-newbie]

i'll take the silence as a no

I'm guessing I should be looking at another company then, can anyone kindly recommend a company which allow you to keep about 80% of what you bill?


thanks in advance

[Waldorf]

How muc you keep after taxes depends upon your situation, clearly working through a ltd company is the most efficient.

I use nixon williams and find them very good.

[miffy]

Could anyone kindly advise if they have used:

http://www.consultant-tech.co.uk/

Hello newbie.

I've never heard of them nor anyone thats used them. The lack of replies I guess confirms this.

As Waldorf says, limited is the most efficient way of working and I'm also a Nixon Williams client. They are all good, no complaints from me either.

I wouldn't bank on keeping 80% of your earnings though! Expect between 70-75% tops via a limited company. Also don't forget to consider our friend IR35, your PCG membership (optional but worthwhile), insurances and other setup costs (laptop, phone etc).

If you want an "easy start" as you say, you could use an umbrella solution (also referred to as brollies). Have you read the PCG guide to freelancing and all the "First Timer" stuff yet? You could learn heaps from those. Don't get suckered in by some of the "calculators" these companies have on their sites. They are a bit colourful with your take home pay and assume you'll be claiming maximum expenses. Bottom line is you can't claim for expenses you haven't incurred (you'll need a receipt too) even if you don’t need to provide one to the umbrella, if the IR come knocking you’ll need the proof!

A brolly might be the way to go to get started, or if you're planning on sticking it out as a contractor, limited is the way to go. Have a good read over the weekend and see if it's for you (or not). It’s not for everyone.

[uk-newbie]

thanks very much indeed for the replies, very helpful


i may follow the general advise and "follow the herd" for the 1st few months while i work out whats what and go LTD from there,



thanks again