Advice

[UltriumLTO]

All

- just resigned from my Perm job - to start a rolling 6-month contracting position. What's the best way to go - Ltd company, Umbrella, Off-Shore, P.A.Y.E etc? - to obtain a good return. I'm prepared to put in a little 'administration' effort if necessary. I'm awful at saving money - and am nervous about any I.R. inquries further down the line. Any help and advice is much appreciated.

Cheers.

[Torran]

http://forums.contractoruk.com/thread7487.html

[Bitbucket]

As the most sensible contractor here I would recommend a Ltd company , get 2 company accounts set up one for IR and one for VAT.

Do most of the accounts yourself and then at the end of the year (you have 9 months to do this) give your filed accounts to your accountant to do the Corp Tax return etc.

You can do this yourself but I always think that IR pick on people that do their own accounts , not sure if its true but I feel safer doing it thro an accountant.

Keep your payments on time , dont let the company get too far behind in paying you especially if your VAT registered.

Overall a sinch to run a Ltd company but if you start taking on contracts that are long term (greater than 6 months) then I would advise some insurance against IR35.

[UltriumLTO]

Thanks - will take a look.