from employed to self employed

[Guest77]

Its all about knowing what they want to hear in order to get your own way.
I was as bent as a nine Bob note but just like Norman Stanley Fletcher, I'm going straight! Lol

So if you accidently dropped a hammer off a pair of steps and it hit your customer on the head they would pay out then if you were doing a foreigner/ cobble?

 

[amckay]

Its all about knowing what they want to hear in order to get your own way.
I was as bent as a nine Bob note but just like Norman Stanley Fletcher, I'm going straight! Lol

So if you accidently dropped a hammer off a pair of steps and it hit your customer on the head they would pay out then if you were doing a foreigner/ cobble?

No reason why not! The policy is in my name and covers for such work. My argument would be that he hit the hammer lol
Not sure tho, I'll get legit soon!

 

[amckay]

LTD company is best. Start up one yourself, them you don't have to pay umbrella companies rip off prices. Once that's done, you pay yourself 10k a year, so no tax. Keep up your NI payments though. Any profit is taxed at 20% corporation tax, and you pay yourself the rest as a dividend. I also pay my wife 10k a year as bookkeeper and give her 50% of the company, so she gets a dividend also. This way you avoid the 40% tax, loads of stuff is deductable, like cars, fuel, tools and such like. A good accountant can save you a fortune. Totally legal.

So the cost of a new van gets eaten away by my tax bill?
Tell me more my friend!

 

[flyingsausage]

I wouldn't deal with an agency if they wouldn't allow invoicing from my company. It is the same as an umbrella company. Maybe they get kickbacks from the umbrella companies. Luckily I don't work for agencies maybe.

The umbrella companies are mostly owned by the same company that owns the agency,so if an agency says you can only use one umbrella company(their own) you can be sure they are tied up together.