Re: [Totally OT] How to become a contractor

[Martin Howell <grizelli.projects@xxxxxxx>]

No substitute for talking to a good accountant.  You will need to
balance different factors, especially the IR35 rules and how to blag
around them; your individual tax situation; how long you plan to be a
contractor;  how much you expect to earn; do you want your own company
pension scheme,  etc..  Also, many companies and/or agencies won't use
you unless you have limited company status.  I started as self employed,
then switched to a company around 10 years ago - I think its easier to
keep track of the dosh with the company (I use Quickbooks and its great)
and easier to be disciplined.  Talk to a good accountant, if you are
anywhere near Somerset I can recommend one

Martin

Pedro de Oliveira wrote:

>Hi All
>
>I'm new to the contracting game and have the option of either going on
>the companies payroll or setting up a company of my own.  I know there
>used to be a few contractors on this list and wondered if there still
>are...
>
>Can anyone offer a little advice as to which way is best or some
general
>points which made you decide on whatever option you chose?
>
>Cheers
>Pedro
>
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