Hi
I am contracting for the first time in the month of Jan 2010.
My day rate is 600 and the location is outside London.
After a lot a research, I understand that the best choice would be a Limited company.
In my attempt to create a Limited company - I made many calls to different companies that offer this service and also maintaining account of the company.
Two of the companies quoted that I would take home nearly 10K home(excluduing expenses) which is nearlly 70%.
When I informmed to my friend who is also contracting disagreed a lot.
He said there is no way that we can get so much!
I would really appreciate, if any one can shred light.
What do u think the take home would be, if taking into concentration the usual expenses and pay to director.
Please help me with any advice on accountants.
Thanks
I am contracting for the first time in the month of Jan 2010.
My day rate is 600 and the location is outside London.
After a lot a research, I understand that the best choice would be a Limited company.
In my attempt to create a Limited company - I made many calls to different companies that offer this service and also maintaining account of the company.
Two of the companies quoted that I would take home nearly 10K home(excluduing expenses) which is nearlly 70%.
When I informmed to my friend who is also contracting disagreed a lot.
He said there is no way that we can get so much!
I would really appreciate, if any one can shred light.
What do u think the take home would be, if taking into concentration the usual expenses and pay to director.
Please help me with any advice on accountants.
Thanks
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