I'm starting my first contract in about a fortnight's time. I decided to go limited rather than umbrella as the admin doesn't seem too daunting if you have a good accountant and the difference in the payment calculators seemed enough to justify any additional hassle.
I registered with Nixon Williams yesterday after doing some research on here and they're on the case with incorporation. Once that's confirmed I need to get PI/PL insurance sorted (from QDOS probably which means I can also get an IR35 review) and a bank account but that's in hand.
I worked in recruitment briefly after graduating (didn't like it and wasn't very good at it) so I'm not completely wet behind the ears but there was never any need for me to get involved with the finer details. I also did some tax law at uni but I can only remember the salient points about IR35 so once I get allocated an accountant at NW I'm going to have a chat with them about salary, dividends etc and go over the details.
I don't have the contract yet, but the agency has said the payment terms are invoice after 30 days and then 45 to process payment - I had a look on here and it seems that's certainly getting towards the upper end of what's acceptable. Are the payment terms normally negotiable?
I registered with Nixon Williams yesterday after doing some research on here and they're on the case with incorporation. Once that's confirmed I need to get PI/PL insurance sorted (from QDOS probably which means I can also get an IR35 review) and a bank account but that's in hand.
I worked in recruitment briefly after graduating (didn't like it and wasn't very good at it) so I'm not completely wet behind the ears but there was never any need for me to get involved with the finer details. I also did some tax law at uni but I can only remember the salient points about IR35 so once I get allocated an accountant at NW I'm going to have a chat with them about salary, dividends etc and go over the details.
I don't have the contract yet, but the agency has said the payment terms are invoice after 30 days and then 45 to process payment - I had a look on here and it seems that's certainly getting towards the upper end of what's acceptable. Are the payment terms normally negotiable?
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