Hi all,
My partner has worked as a contractor for 3 months and her contract is getting extended. She had Parasol recommended to her by her agency and the fees are eye watering. If she were on the £200+ per day then that's one thing but shes not. She is a bit scared though of going self employed. I've had a look at what she needs to do and would really appreciate it if anyone could pointout what I've got wrong:
1. register as self employed on hmrc website
2. set up a DD to pay her NI
3. possibly register on companies house?
4. possibly get an accountant for help with accounts
5.....she;s been told she has to pay employers NI - how does she go about doing this?
I don't believe a business account is a must due to the few payments going in an out. A family member has been self employed as a dentist for 15+ years and is organised with confirming her business transactions on her bank account so we'd rather not set up one if we don't have to.
In a nutshell she's scared that something will go wrong which is fair enough. I have to confess the parasol fees and eye watering and we can't afford to lose so much money.
Any advice would be very much appreciated.
Thanks
My partner has worked as a contractor for 3 months and her contract is getting extended. She had Parasol recommended to her by her agency and the fees are eye watering. If she were on the £200+ per day then that's one thing but shes not. She is a bit scared though of going self employed. I've had a look at what she needs to do and would really appreciate it if anyone could pointout what I've got wrong:
1. register as self employed on hmrc website
2. set up a DD to pay her NI
3. possibly register on companies house?
4. possibly get an accountant for help with accounts
5.....she;s been told she has to pay employers NI - how does she go about doing this?
I don't believe a business account is a must due to the few payments going in an out. A family member has been self employed as a dentist for 15+ years and is organised with confirming her business transactions on her bank account so we'd rather not set up one if we don't have to.
In a nutshell she's scared that something will go wrong which is fair enough. I have to confess the parasol fees and eye watering and we can't afford to lose so much money.
Any advice would be very much appreciated.
Thanks
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