First timer

[Dom_500]

Hi all,

I was recently made redundant and am now working on a part time basis.

We had a meeting recently regarding a permanent contract and they have suggested that maybe i could work as a contractor for them. this is the first time i have been offered this option.

i would just like some basic information on how hard it would be to start on this option and what i would need to do?

i will be doing financial and auditing work.

Thanks in advance for any help.

Dom

[The Lone Gunman]

Hi all,

I was recently made redundant and am now working on a part time basis.

We had a meeting recently regarding a permanent contract and they have suggested that maybe i could work as a contractor for them. this is the first time i have been offered this option.

i would just like some basic information on how hard it would be to start on this option and what i would need to do?

i will be doing financial and auditing work.

Thanks in advance for any help.

Dom

Go and read the first timers guides on this web site, tulipe99 and the PCG. Also read the guides on IR35.

When you have a specific question come back and ask otherwise you will probably only get flamed.

[Moscow Mule]

i would just like some basic information on how hard it would be to start on this option and what i would need to do?

You've already done the hard part - you've found a contract.

The rest is just admin, either do it yourself or pick an accountant to help you through it.

[HairyArsedBloke]

Dom, did you ever hang around a gymnasium?

[b0redom]

General advice on this type of setup so far has been "DONT DO IT!".

If you want to become a contractor, go work for a different client. If you move from being permie to contractor, you will be found to be inside IR35, and will pay much higher tax than you would if you were able to claim dividends, AND you'll have the associated costs of running your own company.

[cojak]

Actually, I don't think he will on this one..

Isn't there a problem with being made redundant and then the (ex-)employer making the suggestion that 'you could contract for us'?

They're avoiding all the boring/expensive/legal stuff like NI, insurance, employee's rights - that kind of thing.

If you've been made redundant it's because your job no longer exists, not that they want you to work without the rights that you had previously.

Get down to your Citizen's Advice Bureau and ask for their advice mate - they're taking the p1$$....

Actually - you didn't say it was the original employer, did you...

[The Lone Gunman]

Actually, I don't think he will on this one..

Isn't there a problem with being made redundant and then the (ex-)employer making the suggestion that 'you could contract for us'?

They're avoiding all the boring/expensive/legal stuff like NI, insurance, employee's rights - that kind of thing.

If you've been made redundant it's because your job no longer exists, not that they want you to work without the rights that you had previously.

Get down to your Citizen's Advice Bureau and ask for their advice mate - they're taking the p1$$....

I had assumed he was redundant from on efirm and offered a contract for another.

If they made you redundant and are then offering the same work on a contract basis then you are quids in for a claim.