Umbrella Set
Does any one have advice on IT contracting – should it be Umbrella or Ltd company?
I am trying to the job market after 20 years working for another comapny – i need to know if it’s worth setting up my own LTD company or if it’s worth going the umbrella route – what are teh pitfalls? Any knowledge share gratefully received.
With your limited company you have more control, and if you have a decent accountant that you know and trust, he can manage the books for you and probably charge less than the admin fee of an umbrella company, especially if you’ll only be running one contract at a time and just yourself as PAYE.
As a limited company you probably also have more scope to make entirely legitimate charges against tax, such as for use of a room in your house as an office. But you’ll have to make sure you stay on top of all the paperwork (especially VAT), and if you don’t want to get involved in that, by all means pay someone else to take the hassle.
Maybe the best solution is to talk to someone from an umbrella company, talk to an indpendent accountant, and compare what they say.
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E34 E36 E37 NEW UMBRELLA compact mini bag set choose 1 $14.99 |
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E34 E36 E37 NEW UMBRELLA compact mini bag set choose 1 $14.99 |
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E34 E36 E37 NEW UMBRELLA compact mini bag set choose 1 $14.99 |
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