New Contractor New Contractor
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Thread: New Contractor

  1. #1

    oyster

    Guest

    Default New Contractor

    Hi,

    I have just been awarded an 8 day contract. Unfortunately that will probably be the limit of my contracting for the year.

    What is the best method of getting paid?

    (a) Start a limited company? Although this involves accounting costs etc.

    (b) Self-employed?

    (c) Umbrella? How does this work.

    Thank-you for your help.

  2. #2

    zeitghost

    Guest

    Default

    Just declare the money on the 2003/2004 tax return.

  3. #3

    rooney

    Guest

    Default re:New contractor

    For such a short term deal you can use an umbrella and they will just charge you a fixed fee for the week/month. They will invoice the client etc... and then payroll the money, minus their fee and NI/PAYE of course, into your bank account.

    The ones generally recommended on this forum are Parasol IT and Orange Genie.

  4. #4

    OrangeHopper

    Guest

    Default Re: re:New contractor

    Put in on tax return!

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