My First Contract My First Contract - Page 2
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  1. #11

    Nice But Dim

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    Oct 2005
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    Listen to your accountant and follow their advice.

    Don't treat Company money as your own.

    Save as much as possible during your first contract, you will need the warchest while you look for the next one, unless you are very lucky. Pay yourself the equivalent of your last permie salary until you have enough to live on for at least 3 months, preferably 6.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

  2. #12

    Contractor Among Contractors


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    Jun 2015
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    Quote Originally Posted by DaveB View Post
    Listen to your accountant and follow their advice.
    This scuppered me in my first 6 months (blindly trusting my first accountant), I suggest you google / get a second opinion on any advice your accountant gives you, it will help you to understand things yourself much better

  3. #13

    Fingers like lightning


    Join Date
    Aug 2008
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    618

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    Quote Originally Posted by pr1 View Post
    This scuppered me in my first 6 months (blindly trusting my first accountant), I suggest you google / get a second opinion on any advice your accountant gives you, it will help you to understand things yourself much better
    Remember you're running your business not your accountant. Listen to them. Always check out what they say. The only advice my accountant gave me was "Don't take the piss" ...

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