Originally posted by mosaslop
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Feel like agency is tricking me..........not a good start to IR35....
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by mosaslop View PostRight - and this is the result i've had using other calculators, but it makes zero sense.
I've made a query with a few umbrella companies, and this is what parasol gave me:
now........why is that absolutely miles better than what these calculators are saying?Comment
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Originally posted by mosaslop View Postnow........why is that absolutely miles better than what these calculators are saying?
Try this calculatorFree advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by Wanderer View PostBecause they fudge the numbers to make it look like you will somehow have a better take home pay from this umbrella company compared to others. The fact is that if you use a PAYE umbrella and pay the correct amount of tax then your take home pay will be exactly the same regardless of which umbrella company you use.
Try this calculatorComment
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Originally posted by Sockpuppet View PostAgreed. If I was the OP I'd talk to Lisa about going Umbrella. Running a Ltd is a lot of hassle for £140 a day. Infact at that rate I'd prefer umbrella and less hassle.Blood in your pooComment
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Mosaslop.
You claim to be an accountant (or at least part qualified!) according to the post Cojak locked.
Then for goodness sakes start looking at the different figures - and understanding them. They are not that difficult - they are just numbers and percentages.
On that rate, for a 6 month contract there is not real gain in going limited - you are far better off being umbrella
If they are paying you £X per day under umbrella you will HAVE to pay employers NIC.
You will be eligible for almost no expenses - lunch is not an option despite what parasol will tell you, and mileage is only an option if you run a second contract through the umbrella - so £97 of expenses a week is not going to happen. That is how / why the figures are fudged.
Now please just go to ContractorUmbrella who will keep you on the straight and narrow and not let you claim anything silly (which a number of other umbrellas will) and are really good and helpful.
Then please, before you continue - go and read all the stuff here - then go to SJD, then go to ContractorUmbrellas site and read all the free stuff there as well. Oh and on PCG and the stuff at the top here and on the stickys. When you have understood it come back - you will be a lot more knowledgeable - everything you need is there. We know - because many of us learnt most of it off these places.
If you need some basic contractor accounting lessons I am sure I can provide them - PM me and I will tell you my charges!
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Originally posted by dmini View PostYou will be eligible for almost no expenses - lunch is not an optionFree advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by northernladuk View PostI guess that is why this poster is on £140 a day lol....
http://forums.contractoruk.com/busin...al-forums.htmlComment
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