Hi I joined a company as a contractor few month back and opted for a umbrella company. As my tier 1 visa is due for renewal, some one told me to go for umbrella company as they will give you proper salary slips etc.
But after few months i realize they are working in suspicious mode. i am getting 74% of money for each invoice.
My wife also got a new contract now and I am thinking of setting up a ltd company for us.
My question is After giving all the taxes and all how much money % you get in ltd company ?
should i go for 2 different ltd company or just one for both of us ?
How would i know if i come under ir35?
But after few months i realize they are working in suspicious mode. i am getting 74% of money for each invoice.
My wife also got a new contract now and I am thinking of setting up a ltd company for us.
My question is After giving all the taxes and all how much money % you get in ltd company ?
should i go for 2 different ltd company or just one for both of us ?
How would i know if i come under ir35?
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